Mumbai: IndusInd Bank expects to maintain its loan growth at 20-25% for the next two quarters and also expects to maintain the rise in its net interest margin in July-September, said managing director and chief executive officer Romesh Sobti on Wednesday. "There could be slight drop further in cost of deposits and we expect to maintain net interest margins at these levels," Sobti said.


The bank posted a net profit of Rs 77.82 crore for the quarter ended September, a whopping 131% year-on-year rise on robust fee income and steady growth in its loan portfolio. The bank`s corporate loan portfolio expanded 60% on year in July-September, Sobti said.

Out of the total loan book of Rs 17,583 crore, around Rs 10,000 crore were corporate loans while the rest were consumer finance loans. Loans grew 25% during July-September while deposits rose 17%.

The bank`s vehicle loan portfolio has started growing after being stagnant for the last two quarters, Sobti said. "Disbursements are getting back to the last year`s levels," he said.

"We are confident we will sustain the NIMs going forward," Sobti said. The bank`s cost of deposits slipped to 7.20% from 7.90% a year ago while its yield on advances rose to 13.08% in July-September from 12.52% a year ago. NW18