IndusInd bank expects a growth of 20-25 percent in its loan segment for the next two quarters. It also expects an increase in its net interest margin (NIM), said Romesh Sobti, the chief executive officer of the bank. He also said that there could be a slight decrease in the cost of deposits.

Sobti said that the Net Profit for the quarter was Rs 77.82 crores as against Rs 33.66 crores in the corresponding quarter of the previous year, which had more than doubled showing a growth of 131%year-on-year.

He said that out of the entire loan portfolio of Rs. 17,583 crore, 10,000 were corporate loans while the remaining were consumer finance loans. The corporate loans grew by 60 percent while the overall segment registered a growth of 25 percent. Indusind's deposits grew by 17 percent.

After stagnant two quarters, vehicle loan disbursements were again on a rise, said Sobti. He added that they were confident that the bank would sustain the NIM levels. He also said that the bank's cost of deposits slipped from 7.90 percent the previous year to 7.20 percent.

Net Interest Income (NII) for the bank was Rs 208.55 crores in the second quarter as compared to Rs 105.24 crores in the corresponding quarter of the previous year, registering a whopping growth of 98 percent and Net Interest Margin (NIM) for the current quarter was 2.86% as against 1.68% in the corresponding quarter of the previous year.

The Bank currently has a network of 180 branches across the country. The Bank also has a Representative Office each in Dubai and London. The Bank's total business (deposits plus advances) as on September 30, 2009 crossed Rs. 40,000 crores.