On Wednesday, Induslnd Bank reported 5.2 percent rise in the third-quarter profit, helped by higher-interest income. The Net Profit was $139.65 million (Rs. 985 crores) for the quarter ended on December 21, compared a year earlier at Rs. 936 crores, said the bank source. Interest earned rose to 34.4 percent to Rs. 5763 crore.
Gross ban loans as a percentage of total loans stand at 1.13 percent at the end of December 2018, compared to 1.09 percent in the last quarter and 1.16 percent a year earlier.
($1 = Rs. 70.53)