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Indusind Bank Q4 Net Profit Rises 21 Per Cent

IndusInd Bank, India’s sixth-largest private sector lender by assets, reported a 21 per cent rise in its fourth-quarter profit on higher interest income

IndusInd Bank, India’s sixth-largest private sector lender by assets, reported a 21 per cent rise in its fourth-quarter profit on higher interest income, while its bad-loan ratio eased sequentially.

Net profit rose to Rs.752 crore ($116.4 million) for the quarter ended 31 March, from Rs.620 crore a year earlier, the Mumbai-based lender said on Wednesday.

Gross bad loans as a percentage of total loans fell to 0.93 per cent at end-March, from 0.94 per cent as of end-December.

(Reuters)


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