IndusInd Bank Third-Quarter Profit Rises 5 Per Cent

IndusInd Bank Ltd reported a 5.2 per cent rise in third-quarter profit today, helped by higher interest income.

Net profit was 9.85 billion rupees ($139.65 million) for the quarter ended Dec. 31, compared with 9.36 billion rupees a year earlier, the bank said. Interest earned rose 34.4 per cent to 57.63 billion rupees.

Gross bad loans as a percentage of total loans stood at 1.13 per cent at the end of December, compared with 1.09 per cent in the previous quarter and 1.16 per cent a year earlier.