April 27, 2018 / 7:28 AM / in 3 months

India's Bandhan Bank Q4 profit rises 20 pct

April 27 (Reuters) - India’s Bandhan Bank Ltd, which had a stellar market debut last month, reported an about 20 percent jump in quarterly profit, helped by higher interest income.

Net profit rose to 3.88 billion rupees ($58.09 million) in the three months ended March 31, from 3.22 billion rupees a year ago, the Kolkata-based bank said in a statement here on Friday.

Gross bad loans as a percentage of total loans stood at 1.25 percent at end-March, compared with 1.67 percent in the previous quarter and 0.51 percent a year earlier.

Interest earned during quarter was up 25 percent. ($1 = 66.7900 Indian rupees) (Reporting by Vishal Sridhar in Bengaluru; Editing by Biju Dwarakanath)

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