India's IndusInd Bank (INBK.NS) reported a ​bigger-than-expected fourth-quarter profit on ‌Friday, helped by a drop in ​provisions for potential ​bad loans.

The country's fifth ⁠largest private lender ​by market capitalisation ​posted a profit of 5.33 billion rupees ($56.55 million) for ​the quarter ​ended March 31, beating analysts' ‌expectation ⁠of 3.89 billion rupees, per data complied by LSEG.

In ​the year-ago ​quarter, ⁠the bank had reported its ​biggest-ever quarterly ​loss ⁠due to years of misaccounting of internal ⁠derivative ​trades.

($1 = 94.2475 ​Indian rupees)