IndusInd Bank shares decline nearly 2% after Q2 business update; check details

The decline in the share price comes after the bank published its business update for the September quarter on Friday, October 4.

IndusInd’s net advances declined to ₹3.27 lakh crore in the September quarter, down 8% compared with ₹3.57 lakh crore in the same period a year earlier. Advances were also down 2% on a quarter-on-quarter basis, marking the third straight quarterly fall in the bank’s loan book.

Deposits fell to ₹3.89 lakh crore, a 5% decline from ₹4.12 lakh crore a year ago. Sequentially, deposits were lower by 2% on a QoQ basis. The bank’s CASA ratio fell to 30.8% from 35.9% in the corresponding quarter last year.

Retail and small business deposits dipped slightly to about ₹1.84 lakh crore, down from nearly ₹1.85 lakh crore in the June quarter.

On August 4, IndusInd Bank, in a regulatory filing, announced that its board, with the approval of the Reserve Bank of India (RBI), had approved the appointment of Rajiv Anand as an ‘Additional Director’ in the category of Managing Director and CEO, as well as a Key Managerial Personnel of the bank, for a period of three years.

The appointment was effective from August 25, 2025, to August 24, 2028. Anand assumed charge at a time when the bank was grappling with several challenges arising from alleged irregularities by the top management in recognising bad loans and trading reverses.

IndusInd bank Q1 results

IndusInd Bank reported a 68.21% year-on-year (YoY) decline in its standalone net profit to ₹684.25 crore in the first quarter of the 2025-26 financial year (Q1FY26). In the corresponding period a year ago, its net profit stood at ₹2,152.16 crore. The bank had reported a net loss of ₹2,236 crore in the previous quarter (Q4 FY25).

Its net interest income (NII) stood at ₹4,640 crore in the June FY26 quarter, falling 14.20% YoY from ₹5,408 crore in Q1FY25. Its net interest margin (NIM) contracted to 3.46% from the 4.25% it had reported in the year-ago period.

The bank's asset quality declined both YoY and sequentially. In Q1FY26, its gross non-performing asset (GNPA) was at 3.64%, compared to 2.02% in the same period last fiscal year and 3.13% in Q4FY25. Its net NPA increased to 1.12%, as against 0.20% YoY and 0.95% on a quarter-on-quarter (QoQ) basis.

IndusInd bank share price

Over the last five trading sessions, IndusInd shares gained 3.81%. On the contrary, the stock declined 1.10% in the last month. However, the scrip zoomed 9.85% over the past six months. The stock dropped 23.41% on a year-to-date basis.

The stock touched its 52-week high of ₹1,412.70 on October 3, 2024 and its 52-week low of ₹606 on March 12, 2025. The company’s market capitalisation stands at ₹58,407.33 crore as recorded on October 6.