IndusInd Bank Profits Jump 72 Percent in First Quarter

IndusInd Bank reported a consolidated profit after tax of Rs 1,037.05 crore for the April-June 2026 quarter, representing a 72 percent increase. Standalone net profit rose 47 percent to Rs 1,003 crore, while net interest income increased slightly to Rs 4,685 crore. Gross non-performing assets improved to 3.25 percent.

MD and CEO Rajiv Anand characterized the quarter as an inflection point, noting that the lender has completed a recalibration of its earnings and balance sheet. This process follows accounting discrepancies and fraud allegations in FY2025 that resulted in the resignation of former leadership, including former MD and CEO Sumant Kathpalia.

For FY2027, the bank plans to accelerate growth across wholesale, rural, SME, and retail banking. Anand announced a strategy to develop an AI-powered bank by embedding artificial intelligence into risk management and credit decisioning. Additionally, the bank intends to maintain a 3.6 percent market share in foreign currency non-resident (FCNR) (B) deposits through a special Reserve Bank of India window.