IndusInd Bank reports ₹437 crore net loss for Q2 FY26
IndusInd Bank just reported a net loss of ₹437 crore for Q2 FY26, flipping from a ₹1,331 crore profit last year.
The main reasons? Higher provisioning costs and accelerated write-offs in its microfinance loans.
Both net interest income and fee income also took a hit this quarter.
Deposits and advances shrank compared to last year
The bank's deposits and advances shrank compared to last year, with deposits at ₹3.89 lakh crore and advances at ₹3.25 lakh crore.
Still, there was a small win: bad loans (NPAs) actually improved a bit compared to the previous quarter, with the provisioning coverage ratio rose to nearly 72%.
Capital adequacy ratio climbed
Even after the loss, IndusInd's capital adequacy ratio climbed, and its liquidity coverage stayed strong.
So while profits are down, the bank remains financially solid.
Bank leaders called the bigger provisions 'prudent'
Bank leaders called the bigger provisions "prudent."