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IndusInd Bank First-Quarter Profit Rises 27%; Interest Income Up
Highlights
IndusInd Bank Ltd posted a nearly 27 percent increase in quarterly net profit, helped by higher interest income.Net profit was Rs. 837 crore in its fiscal first quarter ended June 30, compared with Rs. 661 crore a year earlier, the sixth-largest Indian private sector lender by assets said on Tuesday.
IndusInd Bank Ltd posted a nearly 27 percent increase in quarterly net profit, helped by higher interest income.Net profit was Rs. 837 crore in its fiscal first quarter ended June 30, compared with Rs. 661 crore a year earlier, the sixth-largest Indian private sector lender by assets said on Tuesday.
Interest earned by the company rose about 22 percent to Rs. 4,136 crore in the quarter.
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