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IndusInd Bank says 'legacy issue behind us'; profit falls 68%
The New Indian Express Bengaluru
|July 29, 2025
INDUSIND BANK, which had reported an internal accounting error of more than ₹2,340 crore in the past quarter, on Monday posted a whopping 68% decline in standalone net profit year-on-year to ₹684 crore as provisions zoomed.
The Hindujas-promoted bank's provisions zoomed 68% and income steeply declined. On a consolidated basis, net profit fell 72% YoY to ₹604 crore, as per the company's statement released on Monday. Despite all-round poor show, brokerages said the numbers are much better than they had pencilled in given bad set of numbers it had reported in the previous quarter. The management led by non-executive chairman Sunil Mehta and interim executive committee led by Soumitra Sen and Anil Rao, told a
यह कहानी The New Indian Express Bengaluru के July 29, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
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