IndusInd Bank reported a loss of ₹2,328 crore in the March quarter, marking its first quarterly loss in 20 years. The bank's shares fell nearly 2% to ₹766.80 following the news.
business May 22 2025
Author: Ajay Joseph Image Credits:ChatGPT
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IndusInd Bank's Earnings Decline
The bank's Net Interest Income decreased by 43% to ₹3,048 crore. Non-Performing Assets also increased, with gross NPA rising from 2.25% to 3.13% and net NPA from 0.68% to 0.95%.
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IndusInd Bank: Incorrect Entry Increased Losses
An internal investigation revealed that ₹172 crore in earnings related to the microfinance business was incorrectly added to interest income and later removed.
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IndusInd Bank: Suspicion of Employee Involvement in Fraud
The bank's board suspects employee involvement in the discrepancy. Regulators and investigative agencies have been informed, and action is being prepared against those responsible.
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IndusInd Bank Share Price Update
IndusInd Bank shares closed at ₹766.80 on Wednesday, May 21, with a decline of 1.98%. The stock remains in focus on Thursday.
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IndusInd Bank Share Price Target
ICICI Securities downgraded IndusInd Bank's rating to 'SELL', predicting a further 17% decline in the stock and lowering the target price from ₹720 to ₹650.
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IndusInd Bank Share: Brokerage Warning
ICICI Securities advises against investing in the stock. While the long-term outlook may improve, the short term is risky.
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Disclaimer
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