The bank saw deposit growth of 23% with savings deposits growing at 68%.
Further, the lender reported that its net interest margin was "stable at 3.99 per cent" for the third quarter as against 4 per cent in the corresponding quarter of the previous year.
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Commenting on the performance, IndusInd Bank MD & CEO Romesh Sobti said: "The bank has continued to show a steadfast performance again in this quarter". "In spite of the growth of the balance sheet, we have seen an increase in the return on assets (RoA) and the return on equity (RoE) as well", he said. "So, the returns have moved up as much as the growth in the balance sheet which means the revenue and bottomline have kept pace with the growth in the balance sheet", he said.
Sobti also pointed out that the vehicle finance segment is beginning to boom. "There are two star features during the quarter".
However, IndusInd Bank witnessed a small rise in the gross NPA ratio, which went up to 1.16 per cent from 0.94 per cent in the same quarter past year due to reverses in loans against property, commercial loans and corporate loans. If you were to look at only commercial vehicles, the disbursements grew by 39 per cent.