MUMBAI: IndusInd Bank swung back to profit in the December quarter, reversing a September-quarter loss, but earnings stayed sharply lower year-on-year as the lender shrank its balance sheet and absorbed higher provisions. It posted a net profit of Rs 128 crore for Q3 FY26, against a Rs 437 crore loss in Q2. A year earlier,…
Mumbai: Reserve Bank of India has approved HDFC Bank to acquire and hold an aggregate stake of up to 9.5% in IndusInd Bank, within the regulatory framework governing significant shareholding in banks. The approval, dated Dec 15, 2025, was disclosed by IndusInd Bank in a regulatory filing on Tuesday.HDFC Bank clarified that it does not…
MUMBAI: The Reserve Bank of India has approved HDFC Bank to acquire and hold an aggregate stake of up to 9.5% in IndusInd Bank, within the regulatory framework governing significant shareholding in banks. The approval, dated Dec 15, 2025, has been disclosed by IndusInd Bank in a regulatory filing on Tuesday.According to sources the approval…
MUMBAI: Two months after taking charge amid a management reshuffle following a derivative loss that took a toll on valuations, IndusInd Bank MD & CEO Rajiv Anand has outlined plans to restore system-level growth by FY27, targeting a 1% RoA within 12–18 months, led by commercial vehicle financing and new ventures in wealth management, acquisition…
MUMBAI: IndusInd Bank reported a net loss of Rs 437 crore for the quarter ended September 30, 2025 (Q2 FY26), compared with a net profit of Rs 1,331 crore a year earlier, as a steep rise in provisions and a decline in core income weighed on profitability.Net interest income fell 18% year-on-year to Rs. 4,409…