IndusInd Bank posted a nearly 27 per cent surge in its fourth-quarter net profit on Thursday, driven by higher interest income.
Net profit climbed to Rs 953 crore in the quarter ended March 31, from Rs 752 crore a year ago, IndusInd Bank, the country's sixth-largest private lender by assets, said.Gross bad loans as a percentage of total loans stood at 1.17 per cent at end-March, compared with 1.16 per cent in the previous quarter and 0.93 per cent a year earlier.Interest earned by the bank jumped about 21 per cent in the quarter to Rs 4,650 crore.
Thomson Reuters 2018(This story has not been edited by staff and is auto-generated from a syndicated feed.)