IndusInd Bank reports Q2 FY26 net loss of ₹437 crores

IndusInd Bank Limited announced a quarterly net loss of ₹437 crores for Q2 FY26, a significant downturn compared to a net profit of ₹1,331 crores in Q2 FY25. For the half year ended September 30, 2025, the bank reported a net profit of ₹167 crores, down from ₹3,502 crores in the corresponding previous half year. Net Interest Income (NII) for Q2 FY26 stood at ₹4,409 crores, decreasing from ₹5,347 crores in Q2 FY25, with NIM at 3.32%.

The bank’s asset quality metrics show gross NPA at 3.60% and net NPA at 1.04% as of September 30, 2025, an improvement from June 30, 2025. The provision coverage ratio improved to 71.81%, and capital adequacy ratio (CRAR) was 17.10%. Deposits were ₹3,89,600 crores, and advances were ₹3,25,881 crores as of September 30, 2025.

CEO Rajiv Anand noted that the bank consolidated its balance sheet by reducing wholesale deposits and being cautious on microfinance disbursements. This led to accelerated write-offs and increased provisions, resulting in the Q2 loss but strengthening the balance sheet for future profitability.