IndusInd Bank on October 18 reported a net loss of Rs 437 crore in the second quarter of the current financial year, as compared to net profit of Rs 1,331 crore crore in the similar period last year.
"The Bank accelerated write-offs as well as increased provisions on microfinance as a prudent measure. While this has resulted in the Bank showing a loss in Q2," said Rajiv Anand, the MD and CEO of the bank.
Net Interest Income for the Q2 FY26 at Rs 4,409 crore as compared to Q2FY25 at Rs 5,347 crore. Fee and other income for the Q2FY26 at Rs 1,651 crore as compared to Q2FY25 at Rs 2,185 crore.
Yield on Assets stands at 8.75 percent for the quarter ended September 30, 2025, as against 9.58 percent for the corresponding quarter of previous year. Cost of Fund stands at 5.43 percent as against 5.54 percent for corresponding quarter of previous year.
Deposits as on September 30, 2025, were Rs 3,89,600 crore as against Rs 4,12,397 crore for September 30, 2024. CASA deposits are at Rs 1,19,771 crore with Current Account deposits at Rs 31,916 crores and Savings Account deposits at Rs 87,854 crore.
CASA deposits comprised 31 percent of total deposits as on September 30, 2025. Advances as of September 30, 2025, were Rs 3,25,881 crore as against Rs 3,57,159 crore previous year.
(This is a developing story, please check back for more details)
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