Microfinance provisions in Q2FY26 results in Rs 437 crore loss for IndusInd Bank
IndusInd Bank reported a significant net loss of Rs. 437 crore for Q2 FY26, a stark contrast to last year’s profit, due to increased provisions and a drop in core income. The bank accelerated write-offs in its microfinance portfolio as a strategic move to strengthen its balance sheet. Despite challenges, asset quality saw sequential improvement, and capital buffers remain robust.🕒 1 min read
IndusInd Bank reported a significant net loss of Rs. 437 crore for Q2 FY26, a stark contrast to last year’s profit, due to increased provisions and a drop in core income. The bank accelerated write-offs in its microfinance portfolio as a strategic move to strengthen its balance sheet. Despite challenges, asset quality saw sequential improvement, and capital buffers remain robust.
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