India's IndusInd Bank reports net loss in first quarter after management change

Indusind Bank

18/10/2025 10:54

MUMBAI, Oct 18 (Reuters) - Indian private lender IndusInd Bank INBK.NS reported a net loss for the second quarter on Saturday, in its first earnings report since a new chief executive was appointed as the lender stepped up provisions for bad loans.

The Mumbai-based bank posted a standalone net loss of 4.36 billion Indian rupees ($49.56 million) for the three months ended September, compared with a profit of 13.31 billion rupees a year earlier.

Analysts had expected a profit of 6.37 billion rupees, according to data compiled by LSEG.

($1 = 87.9740 Indian rupees)

 (Reporting by Ashwin Manikandan and Ira Dugal; Editing by Ronojoy Mazumdar)

 ((Ashwin.Manikandan@thomsonreuters.com;))