IndusInd Has Robust Net Worth and Balance Sheet: Chairman

Sunil Mehta, the chairman of the bank, said the Board and the Management acknowledge that the lapses happened have been unfortunate for an institution like our Bank.

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"However, the Board along with the management have shown a strong resolve to address all the identified issues in a timely and comprehensive manner. The Bank has a robust Net Worth and balance sheet even after absorbing impact from all the past anomalies", Mehta emphasised.

Moreover, the bank said the board is at an advanced stage in the selection process of a new chief executive officer (CEO), and is confident that recommendations will be submitted to the Reserve Bank of India well ahead of the June 30 timeline. Till a new CEO is appointed, the bank is being run by a committee of executives.

Despite the sharp Q4 loss, the bank reported a net profit of ₹2,575 crore for FY25, down 71 per cent year-on-year (YoY). The lender's net interest income (NII) was down 43 per cent YoY in Q4FY25 at ₹3,048 crore while other income was down 72 per cent YoY at ₹709 crore. Net interest margin (NIM) of the lender stood at 2.28 per cent, down 168 basis points (bps) sequentially, and 201 bps Y-o-Y. One bp equals 0.01 per cent.