Preview: India's IndusInd Bank steady ahead of third-quarter results

Indusind Bank

23/01/2026 07:38

** Shares of IndusInd Bank INBK.NS edge up 0.1% at 903.7 rupees ahead of Q3 results later in the day

** Antique Stock Broking expects NII to decline by 16% Y/Y and NIM to increase by 4 bps Q/Q

** Elara Securities expects steady NIMs to help cushion NII

** Systematix sees slippages decreasing sequentially as microfinance segment recovers, aiding sequential drop in provisions

** In Q2, INBK posted net loss of 4.45 billion rupees ($48.6 million)

** As of December-end, bank's advances fell 2.2% Q/Q, while deposits rose 1.1% Q/Q

** Separately, INBK on Friday said Chairman Sunil Mehta would step down at the end of his term on January 30; named former SBI MD Arijit Basu as his successor

** Analysts, on average, have "sell" rating on INBK mean PT at 780.72 rupees

** INBK fell 10% in 2025

($1 = 91.6550 Indian rupees)

(Reporting by Vijay Malkar and Nandan Mandayam)

((VijayDattaram.Malkar@thomsonreuters.com;))