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IndusInd profit slumps 90%
Financial Express Chennai
|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 Chennai.
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