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saurabh mittal

19th Oct · SEBI-Registered Analyst

Indusind Bank Ltd reported a net loss of ₹437 crore for Q2 FY26

INDUSINDBK
reported a net loss of ₹437 crore for Q2 FY26, swinging into the red due to stress in its microfinance loan portfolio and accelerated provisions for bad loans. The loss follows an extraordinary quarter marked by a ₹1,940 crore write-off in the microfinance book and additional provisioning of ₹900 crore—steps taken under the new leadership of MD & CEO Rajiv Anand to clean up the balance sheet and address legacy issues.

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