REUTERS - IndusInd Bank Ltd said on Thursday third-quarter net profit rose nearly 25 percent, helped by higher interest income.
Net profit climbed to 9.36 billion rupees ($146.87 million) in the quarter ended Dec. 31, from 7.51 billion rupees a year ago, the country's sixth-largest private sector lender by assets said. bit.ly/2mqTC6W
Gross bad loans as a percentage of total loans stood at 1.16 percent at end-December, compared with 1.08 percent in the previous quarter and 0.94 percent a year ago.
Interest earned by the bank jumped about 16 percent in the quarter to 42.87 billion rupees.
($1 = 63.7300 Indian rupees)
Reporting by Jessica Kuruthukulangara in Bengaluru; Editing by Sherry Jacob-Phillips