Though Indusind continues to walk the talk under the new management, it was one of the 4 smaller privae\tes sector banks too report in the opening week. Indusind put in a creditable performance with NII jumping 30% and Fee income 40%. ING Vysya with similar sales has a different story to tell however.  ING vysya has 515 branches, a streamlined process and recently refurbuished retail branches. However Net interest income is yet 26-27% of its Income statement and has been growing at just 10% . Advances crawled yet slowly to a quarter of a trillion rupees to $6.2 bln.

DCB on the other hand has Rakesh Jhujhunwala as an investor since it also announced a restructuring a year earlier and advances and deposits have grown at 22% and 17% for DCB also at the cost of profits and a CASA fall to 33%, 267 basis points lower than Q4 ended march 2011. In both ING Vysya and DCB NIMs have fallen to 3.1% and 3.06% and comml banking fee income has shored up the income statement. Though ING has grown smartly quarter on quarter from an Income of 857 cr in Q3 to 950 in Q4 and 1100 crores today, it seems to be unable to catch deposits and loans despite a base rate of 9.7% after two increases in April and June. The three banks have all moved smartly on Gross and Net NPAs, DCB now highest at 1.1% NPA and ING down to 0.35% Net NPAs. Indusind also improved its CASA scores for the quarter.  DCB has an aasset base of INR66 bln compared to INR 246 bln for ING Vysya

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