IndusInd Bank First-Quarter Profit Rises 27 Percent

IndusInd Bank Ltd posted a nearly 27 percent increase in quarterly net profit, helped by higher interest income.

Net profit was 8.37 billion rupees ($129.73 million) in its fiscal first quarter ended June 30, compared with 6.61 billion rupees 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 41.36 billion rupees in the quarter.

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