IndusInd Bank is trading lower by 3% at Rs 357 on reporting a marginal fall in net interest margin (NIM) to 3.25% for the quarter ended September 2012 against 3.35% in the corresponding quarter of the previous year.
However, the private sector bank has reported 30% year-on-year growth in net profit at Rs 250 crore during the recently quarter, while net interest income (NII) grew 22% at Rs 510 crore over the previous year quarter.
“Capital adequacy ratio (with accrued profit) as on September 30, 2012 was 12.85% as against 15.45% at the end of September 30, 2011,” IndusInd Bank said in a filing.
The stock opened at Rs 370 and touched low of Rs 355 after the announcement of Q2 results on the National Stock Exchange. A combined 2.53 million shares have changed hands on the counter till late noon deals on both the exchanges.