IndusInd Bank, India's sixth-biggest private sector lender by assets, reported a 21 per cent rise in its fourth-quarter profit on higher interest income, while its bad-loan ratio eased sequentially.
Net profit rose to Rs 752 crore for the quarter ended March 31, from Rs 620 crore a year earlier, the Mumbai-based lender said on Wednesday.
Gross bad loans as a percentage of total loans fell to 0.93 per cent at end-March, from 0.94 per cent as of end-December.
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