January 11, 2018 / 8:29 AM / 5 months ago

India's IndusInd Bank Q3 net profit jumps 25 pct

Jan 11 (Reuters) - IndusInd Bank Ltd said on Thursday third-quarter net profit rose nearly 25 percent, helped by higher interest income.

Net profit climbed to 9.36 billion rupees ($146.87 million) in the quarter ended Dec. 31, from 7.51 billion rupees a year ago, the country's sixth-largest private sector lender by assets said. bit.ly/2mqTC6W

Gross bad loans as a percentage of total loans stood at 1.16 percent at end-December, compared with 1.08 percent in the previous quarter and 0.94 percent a year ago.

Interest earned by the bank jumped about 16 percent in the quarter to 42.87 billion rupees.

$1 = 63.7300 Indian rupees Reporting by Jessica Kuruthukulangara in Bengaluru; Editing by Sherry Jacob-Phillips

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