The net profit of the bank in the corresponding quarter of the previous fiscal stood at Rs 7.42 crore.
The bank's gross and net non-performing assets (NPAs) were trimmed substantially during October-December quarter, it said in a filing to the BSE.
Total income during the period rose to Rs 635.36 crore, up from Rs 552.63 crore a year ago.
Bank's provisioning towards bad loans and contingencies were cut to Rs 61.24 crore from Rs 67.66 crore a year earlier.
Gross NPAs were at 3.4 per cent during October-December period of 2014-15, down from 5.6 per cent a year ago.
Net NPAs stood at 2.37 per cent in Q3 FY15, as against 4.33 per cent a year ago.
As of 3.15 p.m. shares of the bank traded 0.7 per cent lower at Rs 89.20 apiece on the NSE.