India's IndusInd Bank slips after co posts sequential decline in loans

Indusind Bank

06/01/2026 04:18

** Shares of IndusInd Bank Ltd INBK.NS ease 0.7% to 894.05 rupees

** Co on Monday reported a sequential decline in loans for a fourth straight quarter, reflecting persistent slack in its growth trajectory

** Jefferies says the bank will consolidate in FY26 and expects improvement in FY27 as a new team takes charge under new CEO; Valuations are attractive for turnaround play

** Nomura says IndusInd Bank is going through a substantial overhaul in terms of processes, senior management, and strategy; Awaits further details on the outlook for the bank's margins and credit costs in Q3FY26 results

** 36 analysts rate the stock "hold" on average; median PT is 750 rupees -- data compiled by LSEG

** Stocks fell ~10% in 2025

 (Reporting by Brijesh Patel in Bengaluru)

 ((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))