INDUSINDBK

IndusInd Bank expects loan and deposit growth to align with the industry in FY27 after a year of stress in derivatives and microfinance, though war-related uncertainty keeps the near-term outlook cautious.

IndusInd Bank Q1 results: The private sector lender witnessed a 68% fall in net profit to ₹684 crore in the April-June quarter as the bank increased its provisions for bad loans by 66% on a year-on-year basis. Shares closed lower ahead of the Q1 results announcement.

The regulator also impounded ₹19.8 crores notional gains from share sales made during 15-month information gap on derivatives-linked losses.

IndusInd Bank Saga: Deputy CEO Arun Khurana resigned on Monday as the bank plans to rejig top management post the ₹1,959.98 crore accounting impact report, which was released on April 27.

The lender, grappling with the fallout of accounting discrepancies in its derivatives portfolio, appoints a deputy CFO ahead of its Q4 results.

IndusInd Bank announced in a statement that based on the report, it has assessed an adverse impact (on a post-tax basis) of 2.27 per cent to its net worth as of December 2024.

IndusInd Bank remains comfortable in terms of capital adequacy and has so far not sought incremental funds from the promoter. Hinduja said the promoter is ready to infuse capital as and when required.

The RBI has asked lenders for details of their overseas borrowings and deposits as well as their forex hedge positions.

IndusInd Bank CFO Gobind Jain resigns after 3.25 years to hunt for opportunities outside the private lender, as per the BSE filling. Whole-time director and Dy CEO Arun Khurana to take over on January 21.