INDUSINDBK

Changes para 1 to update share movement; adds bank's clarification in para 3 and 4

By Bharath Rajeswaran

June 3 (Reuters) - Shares of IndusInd Bank INBK.NS pared losses on Wednesday after the private lender clarified that it has not received any communication from authorities regarding a fresh whistleblower complaint.

IndusInd Bank, fell 3.1% in intraday trade after a media report said a whistleblower had sought a probe into alleged insider trading, governance failures and shortcomings in forex and audit reviews at the Indian private lender.

The bank had not received any communication from any government or regulatory authority regarding the alleged whistleblower complaint cited in the report, it said in an exchange filing.

"All concerns raised in the news item have been duly examined in the past, and appropriate actions have been undertaken in accordance with the bank’s internal policies and applicable regulatory requirements," it added.

The stock pared some of the losses after the clarification, trading 1.6% lower as of 3:00 p.m. IST.

The lender's shares have fallen about 5% over the past 15 months versus a 10.5% rise in the bank index .NSEBANK and a 7% jump in the private bank index.

The whistleblower complaint, sent to the Prime Minister's Office and multiple regulators, including the Reserve Bank of India, as per the ET report, comes after IndusInd Bank's March 2025 disclosure of a 20 billion rupee ($209.1 million) derivatives accounting discrepancy.

It alleges manipulation of financial records, evergreening of microfinance loans, suppression of audit findings, and attempts by senior management and board members to conceal irregularities, but the Economic Times report did not specify when the alleged irregularities took place.

IndusInd Bank has undergone a series of top-level changes since its March 2025 disclosure, with veteran banker Rajiv Anand taking over as chief executive in August 2025 following the exits of former CEO Sumant Kathpalia and deputy CEO Arun Khurana.

($1 = 95.6400 Indian rupees)

(Reporting by Bharath Rajeswaran and Aleef Jahan in Bengaluru; Editing by Mrigank Dhaniwala and Sherry Jacob-Phillips)

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April 27 (Reuters) - ** Shares of IndusInd Bank INBK.NS jump about 4% to 882 rupees, highest level since March 11

** INBK top gainer on Nifty Bank .NSEBANK index

** Private lender reported a bigger-than-expected Q4 profit, helped by slower additions to bad loans and lower provisions

** Co posted Q4 profit of 5.33 billion rupees ($56.56 million), beating analysts' estimate of 3.89 billion rupees – LSEG-compiled data

** Provisions and contingencies drop 38.6% y/y to 14.84 billion rupees

** INBK rated "hold" on average by 36 analysts, mean PT: 870 rupees - data compiled by LSEG

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

($1 = 94.2375 Indian rupees)

(Reporting by Bipasha Dey in Bengaluru)

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Adds details on bad loans in paragraphs 5 and 6, shares in paragraph 13

April 24 (Reuters) - India's IndusInd Bank INBK.NS reported a bigger-than-expected fourth-quarter profit on Friday, as the pace of additions to bad loans slowed, with provisions also dropping.

The private lender posted a profit of 5.33 billion rupees ($56.55 million) for the quarter ended March 31, beating analysts' expectation of 3.89 billion rupees, per LSEG- compiled data.

In the year-ago quarter, the bank had reported its biggest-ever quarterly loss due to years of misaccounting of internal derivative trades.

Analysts said stress in segments such as microfinance, where IndusInd Bank grappled with high bad loans, would ease during the quarter, as the bank tightened lending, helping limit new bad loans and improving its asset quality.

Its gross slippages, or additions to bad loans, dropped 64% on-year and 29% sequentially to 18.25 billion rupees.

Slippages and recoveries across customer segments improved, the bank said in a statement.

IndusInd's provisions and contingencies declined 38.6% year-on-year and 29% from the previous quarter to 14.84 billion rupees.

Asset quality improved, with gross bad loans as a percentage of total loans dropping to 3.43% at the end of March from 3.56% three months earlier.

The bank came under scrutiny last year after disclosing a $230 million hit in the year ended March 2025 due to misaccounting of internal derivative trades, which raised concerns over governance and led to the resignations of former CEO Sumant Kathpalia and deputy chief Arun Khurana.

Veteran banker Rajiv Anand, who was appointed CEO in August, said in October that the lender planned to grow in segments that typically face less stress.

The bank's loan and deposit growth have remained under pressure over the last year. During the fourth quarter, IndusInd Bank's loans declined 8% year-on-year, the fourth straight decline, while deposits fell 3%.

Net interest income, the difference between interest earned on loans and paid on deposits, climbed 43% year-on-year to 43.71 billion rupees.

Shares of the company ended 1.4% lower ahead of results. They are down 1.9% so far in 2026 compared to a 5.9% drop in the Nifty Bank Index .NSEBANK

($1 = 94.2475 Indian rupees)

(Reporting by Nishit Navin; Editing by Harikrishnan Nair and Mrigank Dhaniwala)

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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) - IndusInd Bank Ltd INBK.NS:

• Q3 NET PROFIT 1.61 BILLION RUPEES

• Q3 INTEREST EARNED 113.73 BILLION RUPEES

• Q3 PROVISIONS AND CONTINGENCIES 20.89 BLN RUPEES

• Q3 PROVISIONS AND CONTINGENCIES 20.89 BLN RUPEES

• Q3 NET INTEREST INCOME 45.62 BLN RUPEES - REUTERS CALCULATION

Source text: [ID:]

Further company coverage: INBK.NS

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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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Jan 5 (Reuters) - Indusind Bank Ltd INBK.NS:

• ADVANCES DOWN 2.2% Q/Q AS OF DEC-END

• DEPOSITS UP 1.1% Q/Q AS OF DEC-END

Further company coverage: INBK.NS

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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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Dec 4 (Reuters) - Indusind Bank Ltd INBK.NS:

• INDUSIND BANK - CLARIFIES ON REPORT HINDUJAS LOOKING FOR STRATEGIC PARTNER IN INDUSIND BANK

• INDUSIND BANK - THERE IS NO DISCUSSION OF THIS NATURE UNDERWAY WITH ANYONE IN THE BANK

Source text: [ID:]

Further company coverage: INBK.NS

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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) - Indian lender IndusInd Bank INBK.NS said on Monday it has named Viral Damania as its chief financial officer.

(Reporting by Kashish Tandon in Bengaluru; Editing by Shilpi Majumdar)

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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) - Indusind Bank Ltd INBK.NS:

• RAJIV ANAND APPOINTED AS MANAGING DIRECTOR & CEO OF INDUSIND BANK

• RAJIV ANAND ASSUMES CHARGE AS CEO OF INDUSIND BANK

• COMMITTEE OF EXECUTIVES AND OVERSIGHT COMMITTEE DISSOLVED

Source text: ID:nBSE1DQQfV

Further company coverage: INBK.NS

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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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Aug 11 (Reuters) - Indusind Bank Ltd INBK.NS:

• INDUSIND BANK LTD - LAUNCHES 'INDUS STARTUP BANKING' PROGRAM

Source text: ID:nBSEbCLy1t

Further company coverage: INBK.NS

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Aug 5 (Reuters) - India's IndusInd Bank INBK.NS climbed 2.3% on Tuesday, a day after the lender named industry veteran Rajiv Anand as its chief executive for a three-year term.

The stock was the top gainer on the Nifty Bank .NSEBANK and Nifty Private Bank .NIFPVTBNK indexes, which were trading 0.1% lower each.

It also gained the most on the benchmark Nifty 50 .NSEI, which was trading flat.

(Reporting by Kashish Tandon in Bengaluru; Editing by Sonia Cheema)

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July 29 (Reuters) - ** India's IndusInd Bank INBK.NS swung to profit in Q1 on lower operational expenses, however, its asset quality worsened and provisions for bad loans rose

** Shares trading 1% higher at 809.50 rupees

CAUTION STILL WARRANTED

** Emkay Global ("reduce," PT: 700 rupees) says even though management believes asset quality will gradually improve as microfinance stress eases, caution is warranted amid rising stress in commercial vehicles portfolio across lenders and given potential risk of further cleanup by new management

** UBS ("sell," PT: 600 rupees) says INBK had another weak quarter, adding that they expect loan growth to remain subdued at 7% for the current fiscal

** JP Morgan ("underweight," PT: 550 rupees) says while INBK's profitability recovered from record loss in Q4, core trends suggest limited scope for sustained improvement in returns

** Investec ("sell," PT: 650 rupees) says INBK has a tough climb ahead on profitability, cuts FY26 and FY27 EPS estimates by 15% and 6%

(Reporting by Kashish Tandon in Bengaluru)

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July 28 (Reuters) - IndusInd Bank Ltd INBK.NS:

• Q1 NET PROFIT 6.84 BILLION RUPEES; IBES PROFIT EST. 6.27 BILLION RUPEES

• Q1 PROVISIONS AND CONTINGENCIES 17.38 BILLION RUPEES

• Q1 NET INTEREST INCOME 46.4 BILLION RUPEES - REUTERS CALCULATION

Further company coverage: INBK.NS

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July 25 (Reuters) - Indusind Bank Ltd INBK.NS:

• INDUSIND BANK LTD - CHRO ZUBIN MODY RESIGNS FROM INDUSIND BANK

Source text: ID:nBSE77mxJq

Further company coverage: INBK.NS

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