July 27 (Reuters) - India’s IDFC Bank reported a 65 percent rise in quarterly profit on Thursday, helped by higher interest income and as the bad loans ratio fell from a year earlier.
Net profit rose to 4.38 billion rupees ($68.31 million) in its fiscal first quarter ended June 30 from 2.65 billion rupees a year earlier, the bank said. bit.ly/2v05nqx
Gross bad loans as a percentage of total loans rose to 4.13 percent at end-June from 2.99 percent at March-end, but fell from 6.09 percent from June-end 2016. ($1 = 64.1200 Indian rupees) (Reporting by Tanvi Mehta and Krishna V Kurup in Bengaluru; Editing by Subhranshu Sahu)