IndusInd Bank on Thursday reported a 24.73% rise in its third quarter net profit at Rs 936.25 crore, aided by robust growth in its net interest income (NII). NII, which is the difference between interest earned and interest expended, rose 20% on a year-on-year (y-o-y) basis to Rs 1,894.81 crore. The bank\u2019s total income rose by 16.06% to Rs 5,473.54 crore in the third quarter compared with the same period last year, but the net interest margins (NIMs) remained flat at 3.99%. The operating profit of the bank rose 22.1% to Rs 1,664.69 crore. Gross non-performing assets (NPA) as a percentage of advances rose by 22 basis points in the third quarter to 1.16% on a year-on-year (y-o-y) basis. Compared with the second quarter of FY18, gross NPAs rose by eight basis points. Net NPAs as a percentage of advances rose by seven basis points to 0.46% on a y-o-y basis while on a sequential basis, it rose marginally by two basis points. IndusInd Bank managing director and CEO Romesh Sobti pointed out that the balance sheet size of the bank has crossed Rs 2 lakh crore for the first time. \u201cIn spite of the growth of the balance sheet, we have seen an increase in the return on assets (RoA) and the return on equity (RoE) as well,\u201d he said. Sobti also pointed out that the vehicle finance segment is beginning to boom. \u201cWe saw 34% increase in our disbursements on overall vehicle finance. If you were to look at only commercial vehicles, the disbursements grew by 39%. The growth is pretty secular \u2014 two-wheelers, three-wheelers and tractor segments are also witnessing growth,\u201d he said. As far as the merger with Bharat Financial Inclusion is concerned, Sobti said the bank has already received approval from the Competition Commission of India (CCI), and is awaiting other approvals. IndusInd bank\u2019s provisions and contingencies rose to Rs 236.16 crore in the third quarter compared with `216.85 crore in the same period last year. In the second quarter, the provisions had stood at Rs 293.75 crore. The lender saw a credit growth of 25% and a deposit growth of 23% on a y-o-y basis. Total advances as on December 31 stood at `1.28 lakh crore while total deposits stood at `1.46 lakh crore. CASA ratio of the bank improved to 42.86% from 37.04% a year ago. On Thursday, the bank\u2019s stock closed 2.08% lower at Rs 1698.60 on BSE.