IndusInd Bank fourth-quarter net profit rises

Reuters - IndusInd Bank, India`s sixth-biggest private sector lender by assets, reported a 21 percent rise in its fourth-quarter profit on higher interest income, while its bad-loan ratio eased sequentially.

Net profit rose to 7.52 billion rupees ($116.4 million) for the quarter ended March 31, from 6.20 billion rupees a year earlier, the Mumbai-based lender said on Wednesday.

Gross bad loans as a percentage of total loans fell to 0.93 percent at end-March, from 0.94 percent as of end-December.