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)

Related Articles
Next Story
Going Viral
Five Important Things That Went Wrong For Jet Airways

Five Important Things That Went Wrong For Jet Airways

by Chandrani Sarkar April 18, 2019
On Wednesday, India’s oldest private airlines, Jet Airways has grounded all of its flights, left the future of over 20000 employees in uncertainty after lenders failed to release emergency funds to run its operations. Airfares on rival airlines have risen and KLM and Air France have operated additional flights to Mumbai, accommodate passengers affected by the last week decision of Jet Airways to terminate its international operations. As a consortium...