IndusInd Bank's net profit for the second quarter ended September 2006 dipped to Rs 17.18 crore from Rs 31.49 crore a year ago due to lack of earnings from securitisation, down by 45 per cent. | |
| The total income for the reporting quarter was also down to Rs 429.01 crore from Rs 352.03 crore in July-September 2005. The net interest income declined to Rs 65.75 crore as against Rs 91.42 crore. |
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| The net interest margin for the period was 1.34 per cent as against 2.24 per cent. NIM was impacted by higher interest costs and lack of profits from securitisation and increase in cost of deposits. |
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| The deposits rose by 14.90 per cent to Rs 15,986 crore from Rs 13,913 crore a year ago. The advances rose by 18.07 per cent to Rs 10,724 crore. |
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| The capital adequacy ratio stood at 10.31 per cent. |
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