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IndusInd loss at ₹2,329 cr; CEO pick in advance stage

The New Indian Express Vishakapatnam

|

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.

- DIPAK MONDAL @ New Delhi

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.

FLERE HISTORIER FRA The New Indian Express Vishakapatnam

The New Indian Express Vishakapatnam

The New Indian Express Vishakapatnam

Centre, State intensify efforts to get eight fishermen released from Bangladesh

FAMILIES of eight fishermen from Vizianagaram district, who were detained by Bangladesh authorities, are anxiously awaiting their safe return.

time to read

1 mins

October 24, 2025

The New Indian Express Vishakapatnam

'Abhay' for anonymity: How Maoists evade police action

ENGLISH playwright William Shakespeare wrote in Romeo and Juliet, \"What's in a name?\" For the outlawed CPI (Maoist), the answer is everything. Names, often assumed or symbolic, are a tool of survival, strategy, and connection with the communities in which they operate.

time to read

1 mins

October 24, 2025

The New Indian Express Vishakapatnam

Tejashwi is INDIA bloc's CM face, Sahani deputy

Announcement after Gehlot-Lalu meet; no word yet on seat-sharing

time to read

1 mins

October 24, 2025

The New Indian Express Vishakapatnam

U’khand village puts cap on wedding expenses

TO curb the rising expenses and the culture of showiness at social ceremonies, the residents of Kandhar village in Uttarakhand's tribal region of Jaunsar-Bawar have passed a social bylaw limiting the gold jewellery married women can wear at weddings and family functions.

time to read

1 mins

October 24, 2025

The New Indian Express Vishakapatnam

321kg gold smuggled through 7 main routes seized in 10 months, says DRI

THE Directorate of Revenue Intelligence (DRI) has uncovered an increasingly sophisticated gold smuggling operation spanning continents. Between January and October this year, DRI intercepted and seized around 321kg of smuggled gold, valued at ₹406.35 crore.

time to read

1 mins

October 24, 2025

The New Indian Express Vishakapatnam

Focus on rain loss mitigation: CM to officials

ANDHRA Pradesh continues to receive widespread moderate to heavy rainfall.

time to read

1 min

October 24, 2025

The New Indian Express Vishakapatnam

Investment opportunities aplenty in AP petrochemical & oil sectors: CM

ON the second day of his visit to the UAE, Chief Minister N Chandrababu Naidu met ADNOC global trading representative Ahmad Bin Thalith at Al Maryah Island of Abu Dhabi, and explained to him about the available investment opportunities in petrochemical, oil, LNG, gas processing, port logistics and green energy sectors in Andhra Pradesh.

time to read

1 min

October 24, 2025

The New Indian Express Vishakapatnam

The New Indian Express Vishakapatnam

More girls in govt-run CBSE schools, says secy

IT is crucial that society invest more in the education of the girl child, according to the Union Secretary of Education and Literacy, Sanjay Kumar.

time to read

2 mins

October 24, 2025

The New Indian Express Vishakapatnam

The New Indian Express Vishakapatnam

High on drugs, Indian-origin truck driver kills three in US crash; held

A 21-year-old Indian-origin truck driver, Jashanpreet Singh, who had reportedly entered the US illegally in 2022, has been arrested for causing a semi-truck crash in California's Ontario that snuffed out three lives and injured at least four other people on Tuesday.

time to read

1 mins

October 24, 2025

The New Indian Express Vishakapatnam

After several stumbles, India march into semis

Openers set the tone as Kaur and Co defeat White Ferns by 53 runs

time to read

6 mins

October 24, 2025

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