The bank made 20 cents of earnings per share in the quarter based on 349 million shares in issue. In the nine months to September the bank made earnings of 49 cents per share on total profits of 173 million rupees which fell 12.8 percent from a year earlier.
Return on assets after tax fell to 0.91 percent by end September 2012 from 1.23 percent a year earlier.
In the September quarter interest income rose 70 percent to 916 million rupees while interest expenses rose at a faster 113 percent to 600 million rupees but the bank still managed to grow net interest income 24 percent to 316 million rupees.
Interest margin fell to 4.18 percent from 4.73 percent.
Fee income rose 9.1 percent to 120 million rupees with forex income doubling to 26.8 million rupees from 13 million rupees a year earlier.
Group performing loans grew 19.7 percent to 19.6 billion rupees in the nine months to December. The regulator has set an annual credit growth ceiling of 18 percent for locally raised deposits and 23 percent if foreign funding is brought in.
Deposits grew 14.6 percent to 22.4 billion rupees in the nine months to September.
Non-performing loans rose 14.4 percent to 2.38 billion rupees.
The bank provided 2.3 million rupees for bad loans, up from a provision reversal of 412,000 rupees a year earlier.
The gross non-performing loan ratio rose to 6.39 percent of advances by end September from 4.65 percent a year earlier and net of provisions the ration rose to 5.39 percent from 3.51 percent.
Group gross assets grew 15.2 percent to 30.9 billion rupees. Net assets grew 2.6 percent to 5.3 billion rupees.
At stand alone bank level total capital adequacy fell to 20.3 percent of risk weighted average from 28.2 percent a year earlier, which is still higher than a required 10 percent.