IndusInd Bank Ltd has announced its Q3FY13 result on 9th January 2013.
The bank's total income increased by 12.45% QoQ and 34.17% YoY to INR933.60 crores, driven by 34.15% and 34.20% YoY growth in its Net Interest Income (NII) and Other Income respectively. Whereas, Profit After Tax (PAT) increased by 6.80% QoQ and 29.72% YoY to INR267.27 crores. Bank has increased its provision by 60.34% QoQ and 83.70% YoY to INR78.67 crores. It is mainly due to recent hike in Provisioning guideline by the regulator.
During the quarter,. Bank's loans book and total deposits expanded by 30.84% and 25.99% YoY to INR42426 and INR51098 crores respectively. On the assets quality front, the bank has improved its assets quality despite challenging environment. Bank's GNPA decreased by 4bps QoQ and 3bps YoY to 0.99%, whereas NNPA remained flat to 0.30%. Capital Adequacy Ratio (CAR) improved by 325bps QoQ and 158bps YoY to 15.01%. On the margin front, bank's Net Interest Margin (NIM) improved by 21bps QoQ and YoY to 3.46%. Moreover, bank has also improved its low cost deposits, CASA ratio stood at 28.67%, improved by 69bps QoQ and 217bps YoY.