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IndusInd loss at ₹2,329 cr; CEO pick in advance stage
The New Indian Express Jeypore
|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.
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