MUMBAI: IndusInd Bank reported a 29 per cent rise in net profit to Rs 447.19 crore for the quarter ended Dec 31, 2014 as its income from loans and from fees and commissions rose. The based bank’s gross non-performing assets dipped to 1.05 per cent of all loans from 1.18 per cent a year back earlier. Its net interest margin (NIM) rose to 3.67 per cent from 3.65 per cent. “Growth in the bottom-line is seen from improved NIM, diversified income streams and active cost management,’’ said Romesh Sobti, MD&CEO of the bank. “The bank continues to deliver a good performance against a backdrop of continued economic slowdown.’’ Provisions and contingencies fell to Rs 98 crore from Rs 126 crore. Its capital adequacy slipped to 12.39 per cent from 14.38 per cent a year earlier.