Private lender IndusInd Bank Ltd today reported a big jump in its September-quarter net profit from a year ago due to higher net interest and other income. Net profit for the quarter stood at ₹1,383.37 crore, up 50.33%, from ₹920.25 crore a year ago. IndusInd Bank shares slumped 6%. Shares in Indiabulls Housing Finance Ltd slumped 19.5% after the central bank blocked its proposed merger with Lakshmi Vilas Bank Ltd. TCS shares fell 1% while Infosys declined 0.25%.

Source: Mint October 10, 2019 10:07 UTC