IndusInd Bank (IIB)’s Q1 net profit declined 68% to ₹684.25 crore from ₹2,152.16 crore in the year-earlier period as lending growth slowed.
Loans declined 3.1% to ₹3,33,694 crore in the reporting quarter compared with the previous quarter. Deposits too reduced 3% to ₹3,97,144 crore on a quarter-on-quarter basis. As an effect of decline in loans and deposits, the net interest income (NII) reduced 14% YoY to ₹4,640 crore. The net interest margin fell 79 basis points to 3.46% in the reporting quarter as against the year-ago period.
Net non-profitable assets (NPA) increased 52 basis points to 1.12% in the quarter ended June 2025. Provisions and contingencies increased 65% to ₹1,737.78 crore in the reporting quarter as against ₹1,049.8 crore in the year-ago period.
Published – July 28, 2025 09:23 pm IST