Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
IndusInd loss at ₹2,329 cr; CEO pick in advance stage
The New Indian Express Villupuram
|May 22, 2025
CRISIS-hit IndusInd Bank has reported a net loss of ₹2,329 crore in the fourth quarter due to a 2.65 times rise in provisions to account for the derivative losses identified by the RBI.
In a statement, the bank said it has accounted for and reflected the impact (of the losses) while finalising results for the quarter/12-month ended March 31, 2025. Its financials now reflect full and fair representation of all the concerns brought to its attention, the bank said.
Though it has reported losses in Q4, for the full year of FY25, net profit stood at ₹2,575 crore. Net interest income (NII) for FY25 stood at ₹19,031 crore against ₹20,616 crore in FY24.
This story is from the May 22, 2025 edition of The New Indian Express Villupuram.
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 The New Indian Express Villupuram
The New Indian Express Villupuram
The Loner Who Walks the World
In the delicate dance of light and shadow, artist Shibu Natesan captures the world not through a lens, but through his brush
2 mins
October 26, 2025
The New Indian Express Villupuram
C’GARH PLANS TO MAKE INTEGRATED CAPITAL REGION LINKING 4 CITIES
THE BJP-ruled Chhattisgarh government will venture into the major development plan next month, creating the State Capital Region (SCR) after Governor Ramen Deka approved a bill passed during the last monsoon session in the Assembly.
1 min
October 26, 2025
The New Indian Express Villupuram
Six Aces for Higher Education’s Swadeshi Six-pack
Prime Minister Modi’s patriotic appeal for Swadeshi Bharat for Viksit Bharat is a wake-up call for those dreaming elsewhere and living in Bharat. Modi’s “Garv Se Kaho Yeh Swadeshi Hai” is a proud roar of a tiger economy that is experiencing the second coming of its first leadership position in the global comity of nations. The re-imagination of India towards Viksit Bharat @ 2047 is a multidimensional policy prescription that cuts across all socioeconomic growth sectors like public infrastructure, defence, manufacturing, healthcare, education, Agriculture, etc. With active public and private participation in various economic spheres spurring growth, the push for alternate models of engagement with social sectors like education and healthcare cannot come at a time more appropriate than now. The National Education Policy (NEP 2020) is a steaming appetiser already served for a healthy main course that is yet to be served in full. The various reforms by way of regulations and guidelines initiated
2 mins
October 26, 2025
The New Indian Express Villupuram
The Silent Speakeasy Syndrome
Behind ordinary doors, there might be an extraordinary mystery—and a drink—but only if you know where and how to look
2 mins
October 26, 2025
The New Indian Express Villupuram
Bagging the Right Investment
Luxury handbags have quietly transformed from coveted fashion statements into full-blown investment assets
3 mins
October 26, 2025
The New Indian Express Villupuram
13 foreign nationals among 20 held as cops raid Gujarat rave party
POLICE raided a farmhouse on the outskirts of Ahmedabad city and arrested 20 people, including 13 African nationals, for allegedly consuming liquor during a late-night party.
1 mins
October 26, 2025
The New Indian Express Villupuram
Decision to invest in Adani Group companies taken independently: LIC
LIFE Insurance Corporation of India (LIC) on Saturday denied all allegations of infusing money into the Adani Group, as reported by The Washington Post.
1 min
October 26, 2025
The New Indian Express Villupuram
The Three Lights on the Path
Reflection, realisation, and resolve—the timeless trinity through which humanity has always found its way from chaos to clarity
4 mins
October 26, 2025
The New Indian Express Villupuram
Vimal, Pradosh slam tons for TN vs Nagaland
TAMIL Nadu are in the driver’s seat against Nagaland as they posted 399/2 after Stumps at Day 1 at the BCCI CoE in Bengaluru on Saturday. Tons by R Vimal Khumar (189) and Pradosh Ranjan Paul (156 batting) were the highlights of the day.
2 mins
October 26, 2025
The New Indian Express Villupuram
1 held for Maha doctor rape, cop on run
Accused sent to police custody till October 28
1 mins
October 26, 2025
Listen
Translate
Change font size