Provisions for bad and loans written rose sharply to 122 million rupees from 2.6 million in the same quarter last year.
Differed taxation of 120 million rupees helped the bottom line.
But at the top, net interest income rose healthily to 957 million rupees from 646 million rupees.
NDB also made sharp gains from share trading and foreign exchange transactions.
Equity income rose to 50 million rupees from 15 million while foreign exchange income increased to 106 million rupees from 75 million rupees.
Group net profit for the nine months was down 33 percent year-on-year to 1,153 million rupees .
But if capital gains of just over a billion rupees from the sale of a controlling stake in Eagle Insurance made in first quarter of 2006 was excluded, net profit was up 65 percent to 1,153 million rupees. .