April 19, 2018 / 8:09 AM / 4 months ago

India's IndusInd Bank Q4 profit jumps 27 pct

April 19 (Reuters) - IndusInd Bank Ltd posted a nearly 27 percent surge in its fourth-quarter net profit on Thursday, driven by higher interest income.

Net profit climbed to 9.53 billion rupees ($144.9 million) in the quarter ended March 31, from 7.52 billion rupees a year ago, IndusInd Bank, the country's sixth-largest private lender by assets, said here

Gross bad loans as a percentage of total loans stood at 1.17 percent at end-March, compared with 1.16 percent in the previous quarter and 0.93 percent a year earlier.

Interest earned by the bank jumped about 21 percent in the quarter to 46.50 billion rupees. ($1 = 65.7525 Indian rupees) (Reporting by Vishal Sridhar in Bengaluru, Editing by Sherry Jacob-Phillips and Gopakumar Warrier)

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