Mumbai: Hinduja-promoted lender IndusInd Bank Friday reported a sharp 91% decline in its third-quarter net profit to ₹128 crore, as pockets of assets deteriorated in quality and provisions rose. But the bank swung into profit from a loss of ₹437 crore in the second quarter, after accelerated microloan provisions and the lingering impact of protracted misreporting of derivative trades had battered the bottomline in the three months to September. IndusInd had posted a profit of ₹1,402 crore in the December quarter last year. The lender had made public the potential losses linked to the derivatives misreporting in March last year.