IndusInd Bank shares surge 3% as lender rejects report on fundraising via QIP; all you need to know

Citing people with knowledge on the matter, The Economic Times has reported that IndusInd Bank was assessing investor interest for a possible sale of shares to qualified institutional investors (QIP).

The report added that the bank’s senior management has begun meeting potential investors to reassure them that it is taking all necessary steps to clean up its books following accounting discrepancies in forex derivatives, which had led to the exit of several senior executives.

However, IndusInd Bank denied the report. “We had denied the aforesaid news and wish to reiterate that any such news regarding capital raising are speculative and factually inaccurate. We categorically deny having any such discussions as reported in aforesaid media reports,” the lender said in a regulatory filing.

At 1:30 PM, shares of IndusInd Bank were trading at ₹852.10 apiece on the National Stock Exchange (NSE), rising 2.74%.

The private sector bank’s shares have risen over 12% in the past month and gained 11% in the last six months. Since the start of 2025, the stock has lost 12%. The lender currently has a market capitalisation of ₹66,412.33 crore.

Shares of the bank had touched their one-year high of ₹1,086.55 apiece on February 7, 2025, while their 52-week low of ₹606 was hit on March 12, 2025.

IndusInd Bank’s Q2 earnings

IndusInd Bank reported a net loss of ₹437 crore in its consolidated net profit for the quarter ended September 30, 2025 (Q2 FY26), as compared to a net profit of ₹1,331 crore in the same quarter of the previous fiscal year.  

The bank had reported a net profit of ₹604 crore in the previous quarter (Q1 FY26).

Its net interest income (NII) for Q2 FY26 dropped 17.5% year-on-year (YoY) to ₹4,409 crore as against ₹5,347 crore in the corresponding quarter of FY25. For Q2 FY6, the net interest margin (NIM) stood at 3.32% as compared to 4.08% for Q2 FY25.

As of September 30, 2025, the lender’s gross NPA stood at 3.60% of gross advances, slightly lower than the 3.64% recorded on June 30, 2025. Net NPA also improved to 1.04% of net advances, down from 1.12% at the end of the previous quarter.