Private sector lender, IndusInd Bank has reported 75% rise in its net profit for the third quarter of this fiscal. The net profit of the bank now stands at Rs 154 crore supported by a equivalent good performance in terms of net interest income and othe income too.

Mr Romesh Sobti, Managing Director and CEO, said, "The liquidity situation has been tight in the market. Banks were faced with a challenge of re-pricing both their assets and liabilities."

"Net interest margin increased to 3.61 per cent (2.94 per cent). Sequentially also, our margins have increased by 20 bps", he said.

"We expect our NIM to expand for the next 8-10 quarters", he added.

"We may look at raising tier-2 capital in the next financial year," he said.