Indusind Bank

July 22 (Reuters) - India's IndusInd Bank INBK.NS posted a higher first-quarter profit on Wednesday, helped by a drop in funds set aside for potential bad loans.

The private lender reported a net profit of 10.03 billion rupees ($103.87 million) for the three months ended June 30, up from 6.84 billion rupees a year earlier.

($1 = 96.5650 Indian rupees)

(Reporting by Nishit Navin; Editing by Ronojoy Mazumdar)

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** Private lender IndusInd Bank's shares INBK.NS rise as much as 3.48% to 1,068.8 rupees, a 17-month high, ahead of Q1 results due later in the day

** INBK is the top percentage gainer on the private bank index .NIFPVTBNK, which is up 0.2%

** Co is projected to post a 2.4% rise in Q1 net income, with total income estimated to fall by 8.9% YoY - LSEG

** Jefferies says Q1 profit likely to rise 5% YoY, aided by growth in microfinance loans

** INBK is likely to see better trends in loans and deposit growth in Q1, while the loan-to-deposit ratio is poised to remain steady on a sequential basis, adds Jefferies

** Stock up 22.4% YTD after a 10% drop in 2025 on concerns over delayed disclosures and valuation mismatches in its derivatives portfolio

** Nifty private bank index .NIFPVTBNK is down 2.8% in 2026 so far

(Reporting by Bharath Rajeswaran in Bengaluru)

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July 16 (Reuters) - Indusind Bank Ltd INBK.NS:

• INDUSIND BANK - RE-APPOINTMENT OF JOINT STATUTORY AUDITORS OF THE BANK

• INDUSIND BANK - RBI HAS APPROVED RE-APPOINTMENT OF CHOKSHI & CHOKSHI; BORKAR & MUZUMDAR AS JOINT STATUTORY AUDITORS OF BANK FOR FY 2026-27

Source text: ID:nBSE97z0y1

Further company coverage: INBK.NS

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July 3 (Reuters) - Indusind Bank Ltd INBK.NS:

• INDUSIND BANK - DEPOSITS UP 4.5% Y/Y AS OF JUNE 30, 2026

Source text: ID:nBSE9JZTzj

Further company coverage: INBK.NS

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IndusInd Bank on July 2 disclosed a restructuring of promoter share pledges involving a release by IndusInd International Holdings Limited and a creation by IndusInd Limited, each covering 1.12 crore shares. The transactions, effective June 30, were part of a refinancing of existing indebtedness and left the total promoter encumbrance unchanged at 6.45 per cent of the bank's equity. Following the move, IndusInd Limited's entire 5.04 per cent stake is now encumbered. Catalyst Trusteeship Limited acts as the onshore security agent for lenders including J.P. Morgan, Deutsche Bank, Barclays and Citibank.

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June 3 (Reuters) - Indusind Bank Ltd INBK.NS:

• INDUSIND BANK - CLARIFIES ON REPORT REGARDING FRESH WHISTLEBLOWER ALLEGATIONS

• INDUSIND BANK - BANK HAS NOT RECEIVED COMMUNICATION FROM ANY GOVERNMENT OR REGULATORY AUTHORITY

• INDUSIND BANK - CONCERNS EXAMINED AND ACTIONS TAKEN AS PER BANK'S POLICIES

Source text: ID:nBSE8Zfv9w

Further company coverage: INBK.NS

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Updates

** Shares of IndusInd Bank INBK.NS jump as much as 6.1% to 889.90 rupees; top gainer on Nifty Bank .NSEBANK index, which is up about 0.3%

** Private lender reported a bigger-than-expected Q4 profit at 5.33 billion rupees ($56.58 million), helped by slower additions to bad loans and lower provisions

** Emkay expects return on assets to improve to ~1.1-1.4% over FY28–FY29 as credit costs fall

** BofA hikes PT by 40 rupees to 860 rupees and adjusted EPS estimates by 0-4% to reflect growth and improving asset quality

** UBS lifts PT by 70 rupees to 730 rupees and raises EPS estimates by about 5% and 7% for FY27 and FY28, respectively, after raising net interest income and fee income forecasts

** YTD, stock up about 2% vs Nifty Bank's decline of 5.6%

($1 = 94.2100 Indian rupees)

(Reporting by Bipasha Dey in Bengaluru)

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April 24 (Reuters) - Indusind Bank Ltd INBK.NS:

• INDUSIND BANK - APPOINTMENT OF SUNIL KUMAR SINGH AS THE CHIEF COMPLIANCE OFFICER

Further company coverage: INBK.NS

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March 30 (Reuters) - Indusind Bank Ltd INBK.NS:

• INDUSIND BANK - BANK HAS NOT RECEIVED ANY COMMUNICATION FROM SFIO REGARDING SUMMONING OF EMPLOYEES

Source text: ID:nBSE2syKrk

Further company coverage: INBK.NS

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March 27 (Reuters) - Indusind Bank Ltd INBK.NS:

• INDUSIND BANK - SHAREHOLDERS APPROVE APPOINTMENT OF ARIJIT BASU AS PART-TIME CHAIRMAN OF BANK

Source text: ID:nBSEWmYsv

Further company coverage: INBK.NS

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March 26 (Reuters) - IndusInd Bank Ltd INBK.NS:

• LAUNCHES CAPITAL GAINS ACCOUNT SCHEME FOR REINVESTMENT OF CAPITAL GAINS

Source text: ID:nBSE9CP90K

Further company coverage: INBK.NS

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By Dharamraj Dhutia and Gopika Gopakumar

MUMBAI, March 5 (Reuters) - IndusInd Bank's INBK.NS treasury head Siddharth Banerjee is set to step down in April, three sources with knowledge of the matter said on Thursday, marking the latest senior leadership change at the mid-sized private lender.

Banerjee, who has been the head of the global markets group at IndusInd Bank since 2020, has informed the management about his decision, according to the sources, who requested anonymity as they are not authorised to speak to the media.

Reuters could not determine the reason for his planned exit or ascertain whether a replacement has been found.

Banerjee told Reuters via a mobile text message: "I am the head of markets and still working for the bank".

IndusInd Bank did not respond to a Reuters query seeking comment.

The lender has seen a number of changes across its top leadership over the past year after reporting its largest-ever quarterly loss in the quarter ended March 2025, following a $230 million hit tied to governance and accounting failures.

The management changes include the exits of former CEO Sumant Kathpalia and Deputy CEO Arun Khurana. Chairman Sunil Mehta also stepped down after his term ended in January.

IndusInd has also appointed a new CFO, a chief human resources officer and several other senior executives. CEO Rajiv Anand said in November that recruitment will continue as the bank restructures.

(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

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Feb 25 (Reuters) - IndusInd Bank Ltd INBK.NS:

• GOES LIVE WITH NEXT-GEN UPI PLATFORM

Source text: ID:nNSEbfHG2H

Further company coverage: INBK.NS

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Feb 20 (Reuters) - IndusInd Bank Ltd INBK.NS:

• EXPANDS GOLD LOAN NETWORK TO 500 BRANCHES

Source text: ID:nBSE9n73qC

Further company coverage: INBK.NS

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Jan 28 (Reuters) - Indusind Bank Ltd INBK.NS:

• RBI IMPOSES 203,000 RUPEES PENALTY ON INDUSIND BANK'S CHENNAI CHEST

• PENALTY FOR DISCREPANCY IN SOILED NOTE REMITTANCE

Source text: ID:nNSE1VkqGq

Further company coverage: INBK.NS

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** Shares of India's IndusInd Bank INBK.NS fall 4% to 857.65 rupees

** On Friday, private lender posted ~25% y/y rise in Q3 profit to 1.61 billion rupees ($17.53 million); results were an improvement from the 4.45 bln-rupee loss in Q2

** Systematix Research ("hold", lifts TP to 950 rupees from 900 rupees) says co's Q3 profit recovery was driven by lower provisions and one-offs, but elevated slippages in microfinance remain a key concern

** Brokerage BobCaps ("sell", raises TP to 833 rupees from 704 rupees earlier) says credit growth continues to lag due to rundown in microfinance loans, even as earnings turn positive

** Stock rated "hold" on avg by 36 analysts, median PT at 822.50 rupees - data compiled by LSEG

** INBK fell ~10% in 2025, stock up 3% so far in 2026

($1 = 91.8470 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

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Jan 23 (Reuters) - Indian private lender IndusInd Bank INBK.NS said on Friday that its part-time chairman and director Sunil Mehta will step down effective, January 30, post the completion of his tenure.

(Reporting by Kashish Tandon in Bengaluru)

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** Shares of IndusInd Bank Ltd INBK.NS ease 0.7% to 894.05 rupees

** Co on Monday reported a sequential decline in loans for a fourth straight quarter, reflecting persistent slack in its growth trajectory

** Jefferies says the bank will consolidate in FY26 and expects improvement in FY27 as a new team takes charge under new CEO; Valuations are attractive for turnaround play

** Nomura says IndusInd Bank is going through a substantial overhaul in terms of processes, senior management, and strategy; Awaits further details on the outlook for the bank's margins and credit costs in Q3FY26 results

** 36 analysts rate the stock "hold" on average; median PT is 750 rupees -- data compiled by LSEG

** Stocks fell ~10% in 2025

(Reporting by Brijesh Patel in Bengaluru)

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Adds details throughout

Jan 5 (Reuters) - IndusInd Bank INBK.NS on Monday reported a sequential decline in loans for a fourth straight quarter, reflecting continued pressure on the private lender's growth.

Loans dropped 2.2% quarter-on-quarter in the October–December period, while deposits rose 1.1%, it said.

On a year-on-year basis, loans fell 13.1%, while deposits dropped 3.8%.

This is in contrast to other major lenders like HDFC Bank HDBK.NS and Kotak Mahindra Bank KTKM.NS, which have reported double digit year-on-year loan growth for the December quarter, signalling a rebound in credit demand in the world's fastest-growing major economy.

IndusInd Bank has been under pressure since disclosing a $230 million hit in the year ended March 31, 2025 due to misaccounting in internal derivative trades, which raised concerns over governance and led to the resignations of the then CEO Sumant Kathpalia and deputy chief Arun Khurana.

Veteran banker Rajiv Anand took the helm at IndusInd in August after receiving regulatory approval from the Reserve Bank of India.

IndusInd shares, which had fallen sharply post the misaccounting disclosure, have largely recovered. However, loan and deposit growth has remained under pressure.

The lender's current account and savings account (CASA) ratio – a key measure of low-cost deposit base and operational efficiency – declined to 30.3% from 30.7% in the previous quarter and 34.9% a year earlier.

(Reporting by Nishit Navin; Editing by Shailesh Kuber)

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** India's Indusind Bank INBK.NS set to be the only stock on Nifty Bank index .NSEBANK to log a loss in 2025

** INBK down nearly 10% YTD vs ~17% rise in NSEBANK

** Management changes, accounting lapses and suspected employee fraud have weighed on the stock this year; INBK hit its lowest level in 2025 after former CEO's shorter tenure extension in March

** Analysts avg rating on the stock is "sell", the only one in the Nifty Bank index; median PT is 750 rupees - data compiled by LSEG

** INBK last up 3.1% at 867.65 rupees on Wednesday

(Reporting by Meenakshi Maidas in Bengaluru)

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Changes sourcing in paragraphs 1-3

Dec 16 (Reuters) - India's central bank has approved HDFC Bank's HDBK.NS subsidiaries to acquire up to a 9.5% stake in smaller peer IndusInd Bank INBK.NS, the country's largest private sector lender by market value said late on Monday.

The approval is valid for a year from the Reserve Bank of India's letter dated December 15, HDFC Bank said in a statement.

The bank's group entities, such as HDFC Mutual Fund, HDFC Life Insurance, HDFC Pension Fund, and others, received the approval to buy an "aggregate holding" of up to 9.5% of the paid-up share capital or voting rights in IndusInd Bank, it added.

IndusInd reported its largest-ever quarterly loss in the three months to March 31, following a $230 million hit to its accounts, amid governance and accounting failures that prompted the departure of former CEO Sumant Kathpalia and Deputy CEO Arun Khurana earlier this year.

The bank's board has faced criticism from investors over shortfalls in oversight and delays in disclosing the accounting lapses in its derivative portfolio, which led to a hit to the bank's accounts.

Earlier this year, private sector lender IndusInd said it would raise up to $3.47 billion and allow promoters to nominate two board directors.

(Reporting by Gursimran Kaur in Bengaluru; Editing by Rashmi Aich)

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** Shares of IndusInd Bank INBK.NS climb as much as 3.1% to 873 rupees, top gainer among banking stocks .NSEBANK

** Looking for strategic partner, Ashok Hinduja, chair of INBK's controlling shareholder IIHL, tells the Economic Times in an interview

** INBK says there is "no discussion of this nature underway with anyone in the bank"

** INBK is the only "sell" rated stock on the 12-member Nifty Bank .NSEBANK index - data compiled by LSEG

** Shares down ~10% YTD, only stock in the red on the bank index

(Reporting by Nandan Mandayam in Bengaluru)

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Nov 21 (Reuters) - Indusind Bank INBK.NS:

• CLARIFIES ON REPORT "INDUSIND BANK MULLS QIP ROUTE TO RAISE CONFIDENCE CAPITAL"

• DENIES CAPITAL RAISING NEWS

Source text: ID:nnAZN4QWCEP

Further company coverage: INBK.NS

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By Bharath Rajeswaran and Nishit Navin

BENGALURU, Oct 9 (Reuters) - Indian banks are poised to report subdued earnings for the September quarter, weighed down by tepid loan demand across retail and corporate segments and margin contraction due to rate cuts by the central bank, analysts said.

The Reserve Bank of India has lowered its interest rate by 100 basis points this year to revive consumption and investment amid a slowing economy. Rate cuts tend to squeeze banks' margins in the short term, as lenders reduce loan rates faster than they adjust deposit rates.

Analysts forecast private banks to post a year-on-year decline in profit in the September quarter, while net interest income (NII) may see only a marginal uptick.

Sector-wide profit is forecast to fall 7%-12% year-on-year in the quarter, with state-owned banks underperforming larger peers.

Jefferies estimates profits of large banks will fall 12% year-on-year, after posting an 8% growth in the year-ago quarter and a marginal 2% growth in the June quarter.

The brokerage forecasts 5% drop in profit for private lenders and a 20% decline for public sector banks. It expects loan growth at roughly 11% and a flat NII.

Axis Bank AXBK.NS will kick off the banking sector earnings on October 15, followed by Federal Bank FED.NS, ICICI Bank ICBK.NS, IDFC Bank IDFB.NS, IndusInd Bank INBK.NS later in the week.

"Asset quality trends are likely to remain stable due to controlled slippages and robust provision coverage ratios," said Nitin Aggarwal of Motilal Oswal.

Nomura added that stress in unsecured retail and microfinance portfolios remains elevated but delinquency trends are improving, although a gradual profit recovery is likely from the second half of fiscal 2026.

Loan growth is expected to remain muted at around 10% in the September quarter, with corporate and big-ticket retail demand still soft.

Rising bond yields are also likely to weigh on treasury income. "With bond yields rising, treasury gains will not cushion earnings in the September quarter," Axis Securities said.

Analysts expect a recovery from the second half of fiscal year 2026, driven by stronger consumption, government tax relief, and faster growth in unsecured credit.

"We expect the September quarter to mark a turning point, with earnings momentum improving from the December quarter onwards as margin pressure eases and asset quality trends strengthen," said Ankit Bihani, analyst at Nomura.

With the RBI keeping rates unchanged in recent meetings, banks' margins are expected to get some relief from the ongoing quarter as borrowing costs fall and deposit rates adjust.

Banks .NSEBANK, private lenders .NIFPVTBNK and state-owned banks .NIFTYPSU have gained 10.1%, 10.6% and 15% year-to-date, outperforming the Nifty 50's .NSEI 6% rise.

(Reporting by Nishit Navin and Bharath Rajeswaran; Editing by Eileen Soreng)

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** Shares of IndusInd Bank Ltd INBK.NS climb 4.8% this week, set for their best weekly show since mid-April

** Private sector lender rose in all four sessions this week

** Morgan Stanley upgraded INBK to "equal-weight" on Monday, citing inexpensive valuations

** INBK also tracking gains in other bank stocks on RBI's latest lending reforms

** INBK third-biggest gainer this week among 10 stocks on Nifty Private Bank .NIFPVTBNK index, which is up 2.4%

** Analysts, however, rate stock "hold" on average; median PT is 750 rupees - data compiled by LSEG

** On Friday, INBK up 0.4% vs 0.5% rise in private bank index

** Stock trims YTD losses to 22%, but remains biggest loser on the index so far this year

(Reporting by Nandan Mandayam in Bengaluru)

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Sept 22 (Reuters) - Indusind Bank Ltd INBK.NS:

• INDUSIND BANK LTD - APPOINTS VIRAL DAMANIA AS CFO

• INDUSIND BANK LTD - SANTOSH KUMAR TO CONTINUE AS DEPUTY CFO

Source text: ID:nBSE6BnL4N

Further company coverage: INBK.NS

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Sept 3 (Reuters) -

• INDUSIND BANK LTD.’S NEW CHIEF IS MOVING QUICKLY TO REDUCE RISKS ON ITS LOAN BOOK- BLOOMBERG NEWS

Source text: https://tinyurl.com/2n8398r2

Further company coverage: INBK.NS

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Aug 25 (Reuters) - Veteran banker Rajiv Anand has taken charge as IndusInd Bank's INBK.NS chief executive and managing director, the beleaguered bank said in an exchange filing on Monday.

Anand, whose appointment was announced earlier this month, was previously the deputy managing director at private lender Axis Bank AXBK.NS and has held key management positions at leading global financial institutions.

IndusInd Bank took a $230 million hit in the year ended March 31 due to years of misaccounting of internal derivative trades, prompting the resignations of CEO Sumant Kathpalia and deputy Arun Khurana in April.

(Reporting by Nandan Mandayam in Bengaluru; Editing by Janane Venkatraman)

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Aug 22 (Reuters) - India's National Stock Exchange (NSE) said on Friday it will add hospital-chain operator Max Healthcare MAXE.NS and Indigo-parent InterGlobe Aviation INGL.NS to its benchmark Nifty 50 index .NSEI effective September 30.

IndusInd Bank INBK.NS and Hero MotoCorp HROM.NS will be removed from the index as part of the NSE's semi-annual rebalancing, the exchange said.

(Reporting by Hritam Mukherjee and Urvi Dugar in Bengaluru; Editing by Leroy Leo)

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Aug 21 (Reuters) - Indusind Bank Ltd INBK.NS:

• SIGNS MOU WITH NSIC FOR MSME CREDIT ACCESS

Source text: ID:nBSE2P0QLD

Further company coverage: INBK.NS

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