IndusInd Bank Q3 net profit rises 25% to Rs 9.36 billion; stock falls 2%

The capital adequacy ratio for the quarter was 15.83%, an improvement as against 15.31% in the previous quarter

Private sector lender IndusInd Bank’s third-quarter net profit rose 25 per cent on the back of rise in interest and fee income.

The bank’s net profit rose to Rs 9.36 billion in the quarter ended December, compared with Rs 7.5 billion in the year-ago quarter. The bank's net interest income, or the interest earned minus interest expended, rose 20  per cent on a year-on-year basis.

The net interest margin, the difference between the yield on advances and cost of fund, was flat at 3.99 per cent. 

The deposit and credit grew at 23  per cent and 25 per cent respectively