October 15, 2018 / 8:20 AM / a month ago

India's IndusInd Bank Q2 profit rises 4.6 pct

Oct 15 (Reuters) - IndusInd Bank Ltd posted a 4.6 percent rise in second-quarter profit on Monday, helped by higher interest income.

Net profit was 9.20 billion rupees ($124.36 million) for the quarter ended Sept. 30, compared with 8.80 billion rupees a year earlier, the private sector lender said in a statement here

Gross bad loans as a percentage of total loans stood at 1.09 percent at end-September, compared with 1.15 percent in the previous quarter and 1.08 percent a year earlier.

Interest earned rose 29.2 percent to 54.38 billion rupees. ($1 = 73.9800 Indian rupees) (Reporting by Chris Thomas in Bengaluru; Editing by Subhranshu Sahu)

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