October 12, 2017 / 8:23 AM / 2 months ago

India's IndusInd Bank Q2 profit rises 25 pct

Oct 12 (Reuters) - IndusInd Bank Ltd posted a 25 percent rise in its second-quarter net profit, helped by higher interest income.

Net profit rose to 8.80 billion rupees ($12.3 million) for the quarter ended Sept. 30, the sixth largest Indian private sector lender by assets said on Thursday. bit.ly/2gdxwoz

Gross bad loans as a percentage of total loans stood at 1.08 percent in the September quarter, compared with 1.09 percent in the June quarter and 0.90 percent a year earlier.

Interest earned by the bank rose about 21 percent in the quarter to 42.08 billion rupees. ($1 = 65.1000 Indian rupees) (Reporting By Samantha Kareen Nair in Bengaluru; Editing by Subhranshu Sahu)

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