Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
IndusInd profit slumps 90%
Financial Express Bengaluru
|January 24, 2026
INDUSIND BANK ON Friday reported a 90% year-on-year decline in its December quarternet profit to $127.98 crore.
Analysts had expected the bank to book a profit of $272 crore,according to Bloomberg.
Total income stood at %13,080 crore, down 13.7% from the previous year. The bank reported an additional impact of 228.96 crore under ‘employees cost’ as a results of the New Labour Code.
The net interest income decreased 13% YoY to $4,562 crore. The net interest margin (NIM) inched up to 3.52%, compared to 3.32% in the previous quarter.
This story is from the January 24, 2026 edition of Financial Express Bengaluru.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Bengaluru
Financial Express Bengaluru
Dying alone Is China's latest tech obsession
THIS TIME LAST year, the hottest Chinese tech product was DeepSeek’s market-moving artificial intelligence model.
3 mins
January 24, 2026
Financial Express Bengaluru
ICCT20 World Cup: Scotland likely to replace Bangladesh
A DESPERATE BANGLADESH Cricket Board (BCB) has written to the Dispute Resolution Committee (DRC) of ICC requesting it to overturn the governing body’s decision to hold the national men’s team’s T20 World Cup games in India but its appeal won’t be heard as it is outside the remit of the subcommittee.
1 mins
January 24, 2026
Financial Express Bengaluru
EU to suspend trade package against US
THE EUROPEAN COMMISSION said on Friday it would propose suspending for another six months an EU package of retaliatory trade measures against the US worth 93 billion euros
1 min
January 24, 2026
Financial Express Bengaluru
Report gains or losses from F&O trading as business income in ITR
YOU CAN SET OFF LOSSES AGAINST INCOME FROM ANY HEAD OTHER THAN SALARIES
2 mins
January 24, 2026
Financial Express Bengaluru
Online brokers diversify on muted demat additions
AFTER EXPERIENCING
2 mins
January 24, 2026
Financial Express Bengaluru
Forex reserves jump $14 bn to $701 bn on Fx swap, gold rally
FOREIGN EXCHANGE RESERVES rose to $701.36 billion as of January 16, compared with $687.19 billion a week earlier, the Reserve Bank of India (RBI) said on Friday.
1 min
January 24, 2026
Financial Express Bengaluru
Packs a real punch
TURBO-PETROL: FROM SEDATE TO SPIRITED
1 min
January 24, 2026
Financial Express Bengaluru
Govt plays down new EU tariff order
'MOVE WILL IMPACT 2.66% OF EXPORTS ADDITIONALLY'
1 mins
January 24, 2026
Financial Express Bengaluru
Vinfast aims to be in India's top-3 in 10 years
WAY TOO OPTIMISTIC, UNACHIEVABLE: ANALYSTS
2 mins
January 24, 2026
Financial Express Bengaluru
‘Retail AUM may touch ₹1 lakh cr by March’
Jairam Sridharan, managing director and CEO of Piramal Finance, tells Kshipra Petkar in an interview that the company is targeting a sharp expansion in retail AUM, improved profitability and deeper product diversification.
1 mins
January 24, 2026
Listen
Translate
Change font size