Indusind Bank Ltd has been in the news recently due to the positive development of the Economic Offences Wing

has been in the news recently due to the positive development of the Economic Offences Wing (EOW) of Mumbai Police finding no evidence of criminal conduct or fund siphoning by its former executives related to accounting discrepancies worth ₹1,950 crore and ₹258 crore. This clean chit has helped IndusInd Bank's stock to rally, gaining around 12% in three days and recovering about 21% from its September lows. Despite the rally, the bank reported a net loss of approximately ₹440 crore in the September quarter, driven by accelerated write-offs and higher provisioning in its microfinance book leading to elevated credit costs.