IndusInd Bank's net distinction increased by 34 per cent to Rs 206 crore, in the December-ended quarter, from Rs 154 in the analogous year-ago quarter.
Strong expansion in advances and descend provisioning on account of reject in bad loans helped the bank post great growth, mentioned Mr Romesh Sobti, Managing Director.
"We have not seen any uptrend in delinquencies. Restructured advances have moreover depressed to 0.22 per cent of complete advances," he said, whilst announcing the bank's third entertain results.
The aloft cost of deposits resulted in application in Net Interest Margin, but going forward NIM will improve, Mr Sobti said. Savings bank accounts increased by 21 per cent over the preceding entertain subsequent to the travel in fascination rate. But stream accounts saw a slight dip, as in the preceding entertain the bank had float allowance from division warrants payout, that was not existing in the third quarter.
"Following the de-regulation in extra savings bank fascination rates you are adding about 50,000 new customers every month. The enlarge in bend network has moreover helped," Mr Sobti said.
The year-on-year expansion in corporate loans was 16 per cent, whilst the sell loan book was up 48 per cent.
The share of the sell or consumer financial division (which includes blurb van finance) to the complete loan portfolio, has increased from 40 per cent to 48 per cent.
The bank has not seen way up in delinquencies as the bearing to sensitive sectors such as telecom, power, construction, and so on, is really small, Mr Sobti said.
In the power zone it has authorised usually working funds loans to existing power generating companies. Similarly, the share of loans to the building zone has advance down from 2 per cent to 4 per cent.
Shares of IndusInd Bank closed at Rs 260.85, up 6.19 per cent, on the BSE on Tuesday.
priyan@thehindu.co.in