IndusInd Bank first-quarter profit rises 27 percent; interest income up
- By Reuters |
- Jul 11, 2017
- Last Updated at 13:53 IST
REUTERS - IndusInd Bank Ltd <INBK.NS> posted a nearly 27 percent increase in quarterly net profit, helped by higher interest income.
Net profit was 8.37 billion rupees ($129.73 million) in its fiscal first quarter ended June 30, compared with 6.61 billion rupees a year earlier, the sixth-largest Indian private sector lender by assets said on Tuesday. (http://bit.ly/2tIuWsY)
Interest earned by the company rose about 22 percent to 41.36 billion rupees in the quarter.
($1 = 64.5175 Indian rupees)
(Reporting by Jessica Kuruthukulangara and Tanvi Mehta in Bengaluru; Editing by Subhranshu Sahu and Biju Dwarakanath)
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