IndusInd Bank Beats Profit Estimates
IndusInd Bank reported a net profit of 11.76 billion rupees for the second quarter, beating analyst estimates on healthy loan growth and improving asset quality. The private lender saw its gross non-performing asset ratio improve to 2.73% as advances and deposits both returned to double-digit growth.
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IndusInd Bank posted a net profit of 11.76 billion rupees ($123.9 million) for the quarter ending September, beating analyst estimates of 9.65 billion rupees. The result follows a loss of 4.45 billion rupees in the same period last year, driven by stronger loan growth across India. The earnings rebound highlights the bank's recovery from accounting discrepancies in its derivatives portfolio that surfaced in March 2025.
