IndusInd Bank’s standalone net profit fell 88.5% to ₹161 crore in the quarter-ended December 2025, as against ₹1401 crore in the same period last year.
The bank’s net interest income (NII) reduced 13% to ₹4562 crore in the reporting quarter, as against ₹5228 crore in the year ago period. The net interest margin dipped to 3.5% in the reporting quarter from 3.9% in the year ago period. The gross Non-Performing Assets(NPA) as a share of total advances increased to 3.6% in the reporting quarter, as against 2.2% in the year ago period. The net NPA too increased to 1.04% in the recently concluded quarter from 0.68% in the year ago period.
The bank stated in its notes to accounts that it was taking measures to rectify the accounting errors that were found in the March quarter of fiscal 2025. The bank had incurred ₹1,959.98 on discrepancies in accounting derivative trades, accounting of interest and fee income totalling to ₹846.40 crores pertaining to MFI portfolio and manual entries posted in the ‘Other Assets’ and ‘Other Liabilities’ amounting to ₹595.00 crores.
The bank said that it had formed a Project Management Group to look into the “to provide oversight and to ensure that necessary steps…are taken” to strengthen governance and had made good progress in the process. The bank also informed the appointment of a new Chairperson, Arijit Basu, for a tenure of three years after the former Chairman, Sunil Mehta, stepped down.
