Money & Banking
IndusInd Bank Q4 Results Highlights: Reports ₹2,329 cr loss; FY25 net profit down 71%
IndusInd Bank Q4 Results Live Updates: IndusInd Bank reported a consolidated net loss of ₹2,328.9 crore for Q4 FY25, reversing from a net profit of ₹2,349.15 crore in Q4 FY24. The sharp decline is attributed to higher provisioning (₹2,522 crore) and reduced interest income (down 13% YoY). For FY25, net profit plunged 71% to ₹2,576 crore, with annual provisions soaring to ₹7,136 crore. The bank has been rocked by accounting lapses, fraud in its microfinance and derivatives portfolios, and ₹595 crore in unsubstantiated assets, leading to a forensic probe and top-level resignations, including CEO Sumant Kathpalia and Deputy CEO Arun Khurana. External auditor PwC flagged a ₹1,979 crore impact from these lapses. The bank’s board suspects internal fraud and has escalated matters to regulators and investigative agencies. A Committee of Executives has been appointed to manage operations temporarily. Shares closed 1.39% lower at ₹771.10 on BSE following the announcement.
