I don't think your definition is correct. I don't know how to give a meaning to the formula $\bigcap \text{Ind}$ if $\text{Ind}$ is not a set, which it isn't.
A solution is to take inductive set, let's call it $I$, (it exists) and to consider the **set** $\Bbb N:=\\{x\in I\colon \forall y(y \text{ is inductive}\longrightarrow x\in y)\\}$, (it is indeed a set due to the Axiom schema of specification). This set is what one would end up with if one could consider an entity such as $\bigcap \text{Ind}$.