# Indusind Bank (INDUSINDBK) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/indusindbk

## Current market snapshot

- Exchange: BSE
- Country: India
- Price: ₹910.25
- Change: -0.13%
- As of: 2026-11-06
- 1D return: -0.13%
- 5D return: +8.62%
- 1M return: +5.35%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

On 6 November 2026, INDUSINDBK closed at ₹910.25 after a high-participation day marked by a downward weekly gap and elevated volume (3.09x ratio). The daily trend is established (ADX 35.18) with price holding above the 20-period EMA, 50-period EMA, and 20-period SMA, while remaining below the 200-period and 50-period SMAs. This creates a mixed signal: bullish short-term positioning against a longer-term structural resistance. Weekly momentum remains under pressure with a bearish Supertrend and price below key moving averages, whereas monthly indicators show a bullish bias. Price sits near the upper end of its 20-day range (+82.0%) but around the middle of its 52-week range (+48.8%). Volatility is elevated at 36.4% annualized, with a current drawdown of -15.6%. Immediate support lies at ₹901.72 (pivot), with resistance at ₹928.08.

- Trend Conflict: Daily structure is bullish (price above 20/50 EMAs; ADX 35.18), but weekly structure is bearish (Supertrend down; price below 20/50 SMAs), indicating short-term strength within a longer-term downtrend.
- Participation & Anomalies: High volume (3.09x ratio) on 6 Nov accompanied a downward gap, suggesting active distribution or profit-taking despite the stock closing near the previous day's level (-0.1%).
- Key Levels: Support at ₹901.72 (pivot, -0.94%) and ₹885.08 (low, -2.76%); Resistance at ₹928.08 (high, +1.96%) and ₹944.72 (high, +3.79%).
- Risk Profile: Annualized volatility stands at 36.4% with ATR at 2.93%; the stock is currently -15.6% from its available high, though it has gained +9.0% over the last 10 days.

- Bullish Engulfing Reversal
- Morning Star
- Harami

### News Context

IndusInd Bank reported portfolio growth in the second quarter of FY27, contrasting with declines at peers like Bandhan Bank and CreditAccess Grameen. This divergence occurred against a backdrop of rural stress driven by El Nino-induced droughts, inflation, and fuel costs, which raised concerns about borrower repayment capacity across the microfinance sector. On the operational front, the bank implemented fee changes effective November 1, 2026, introducing Rs 25 charges for declined POS and ATM transactions due to insufficient funds for specified savings account variants, replacing previously free services. Broader market commentary from Jefferies noted a narrowing valuation premium for Indian banks over global peers, citing strong asset quality and consistent performance, though it highlighted potential cost increases from ECL-based provisioning and wage settlements.

- Q2 FY27 Portfolio Growth: IndusInd Bank achieved growth in its microfinance portfolio, diverging from peers like Bandhan Bank and CreditAccess Grameen that reported declines amid rural stress factors including droughts and inflation.
- Fee Structure Update (Nov 1, 2026): The bank introduced Rs 25 charges for declined POS and ATM transactions due to insufficient funds for certain savings accounts, ending the previous waiver for these specific failures.
- Sector Valuation Context: Jefferies observed a narrowing valuation premium for Indian banks versus global peers, attributing this to strong asset quality and consistent performance, while noting upcoming provisioning and wage settlement costs as potential headwinds.

- [Microfinance lenders tread cautiously amid rural stress](https://economictimes.indiatimes.com/markets/stocks/news/microfinance-lenders-tread-cautiously-amid-rural-stress/articleshow/135590415.cms)
- [SBI, ICICI, HDFC Bank, IIB, KMB shares: Valuation premium over global peers narrowed; targets](https://www.businesstoday.in/markets/stocks/story/sbi-icici-hdfc-bank-iib-kmb-shares-valuation-premium-over-global-peers-narrowed-targets-565320-2026-11-03)
- [5 key money rule changes from tomorrow, 1 November 2026: What pensioners, taxpayers and bank customers should know | Mint](https://www.livemint.com/money/personal-finance/5-key-money-rule-changes-from-tomorrow-1-november-2026-what-pensioners-taxpayers-and-bank-customers-should-know-11793431283609.html)
- [Money changes from November 1, 2026: Revised PNB credit card charges, increased Indusind Bank fees and ITR deadline; know key changes - The Economic Times](https://economictimes.indiatimes.com/wealth/invest/money-changes-from-november-1-2026-revised-pnb-credit-card-charges-increased-indusind-bank-fees-and-itr-deadline-know-key-changes/articleshow/135371890.cms)

### What Changed

On November 6, 2026, IndusInd Bank announced a strategic enhancement to its outward remittance services through a partnership with J.P. Morgan Payments. By integrating the Xpedite solution, the bank has expanded its currency coverage to 123 currencies and enabled direct settlement in beneficiaries' local currencies. This service is currently accessible at bank branches, with plans to extend availability to online and mobile banking platforms.

In the broader microfinance sector during the second quarter of FY27, lenders faced headwinds from rural stress driven by El Nino-induced droughts, inflation, and fuel costs. While peers like Bandhan Bank and CreditAccess Grameen reported portfolio declines, IndusInd Bank recorded growth in this segment. This divergence highlights varying resilience or risk management approaches within the sector, amidst inconsistent data reporting from credit information companies despite improved collection discipline.

- November 6, 2026: Partnership with J.P. Morgan Payments expands outward remittance coverage to 123 currencies with direct local-currency settlement; initially available at branches, with digital rollout pending.
- Q2 FY27 Microfinance Performance: IndusInd Bank achieved portfolio growth, contrasting with declines at Bandhan Bank and CreditAccess Grameen amid rural stress from droughts and inflation.
- Sector Context: Uneven trajectory reflects concerns over rural borrowers' repayment capacity; sector growth estimates vary due to inconsistencies in data from credit information companies.

- [Microfinance lenders tread cautiously amid rural stress](https://economictimes.indiatimes.com/markets/stocks/news/microfinance-lenders-tread-cautiously-amid-rural-stress/articleshow/135590415.cms)
- [IndusInd Bank Limited has informed the Exchange regarding a press release dated November 06, 2026, titled "IndusInd Bank leverages J.P. Morgan Payments to enhance outward remittance experience by expanding coverage to 123 currencies". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/INDUSINDBK3_06112026103758_FinalUploadsigned1.pdf)

### Official Filings

IndusInd Bank reported unaudited consolidated financial results for Q2 FY2027 (ended September 30, 2026), approved by the Board on October 23, 2026. The bank posted a net profit of ₹1,242 crores, marking a significant turnaround from a net loss of ₹437 crores in Q2 FY26 and a 51% sequential increase from Q1 FY27's normalized profit of ₹824 crores. Total assets grew 10% year-on-year to ₹5,80,148 crores, with the loan book expanding 11% YoY to ₹3,63,104 crores. Asset quality improved, as Gross NPA declined to 2.73% from 3.25% quarter-on-quarter, and Net NPA fell to 0.83% from 0.95%. Capital adequacy remained robust at a Tier 1 CRAR of 15.55%. Concurrently, the Board appointed Ms. Priyanka Sinha as an Additional Non-Executive Independent Director for a four-year term, subject to shareholder approval. On November 6, 2026, the bank announced a partnership with J.P. Morgan Payments to expand outward remittance services to 123 currencies.

- Q2 FY27 Net Profit: ₹1,242 crores, reversing a ₹437 crore loss in Q2 FY26 and rising 51% sequentially from Q1 FY27.
- Asset Quality & Growth: Gross NPA improved to 2.73% (from 3.25% QoQ); Loan Book grew 11% YoY to ₹3,63,104 crores; Tier 1 CRAR stands at 15.55%.
- Governance Change: Ms. Priyanka Sinha appointed as Additional Non-Executive Independent Director effective October 23, 2026, for a 48-month term pending shareholder approval.
- Service Expansion: Partnership with J.P. Morgan Payments launched on November 6, 2026, enabling direct settlement in 123 currencies for outward remittances.

- [IndusInd Bank Limited has informed the Exchange regarding a press release dated November 06, 2026, titled "IndusInd Bank leverages J.P. Morgan Payments to enhance outward remittance experience by expanding coverage to 123 currencies". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/INDUSINDBK3_06112026103758_FinalUploadsigned1.pdf)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/INDUSINDBK4_29102026172956_FinalUpload.pdf)
- [INDUSIND BANK LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1656_WebXMLFile_20261027_172250984.xml)
- [ndusind Bank Limited has informed the Exchange about Grant of Stock Options under the Employee Stock Option Scheme of the Bank |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/INDUSINDBK3_27102026201229_SE_Grant_of_Option27102026.pdf)
- [Indusind Bank Limited has informed the Exchange about Newspaper clippings pertaining to the Unaudited Consolidated and Standalone Financial Results for the quarter and half year ended September 30, 2026 |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/INDUSINDBK3_24102026114939_SEDisclosure_NewspaperAdv24102026.pdf)
- [IndusInd Bank Limited has submitted to the Exchange, the Unaudited Consolidated and Standalone Financial Results for the quarter and half year ended September 30, 2026 |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/INDUSINDBK3_23102026155243_Financialresultsfinalsigned.pdf)
- [Indusind Bank Limited has informed the Exchange regarding Change in Director(s) of the company. |SUBJECT: Change in Director(s)](https://nsearchives.nseindia.com/corporate/INDUSINDBK4_23102026160420_Finalsigned.pdf)
- [Indusind Bank Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/INDUSINDBK4_23102026161027_Investor_Presentationmergedfinalsigned.pdf)
- [Indusind Bank Limited has informed the Exchange regarding a press release dated October 23, 2026, titled "INDUSIND BANK LIMITED ANNOUNCES FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/INDUSINDBK4_23102026162409_finaluploadPRsigned.pdf)
- [INDUSIND BANK LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_1656_WebXMLFile_20261023_172405678.xml)

### Fundamentals

IndusInd Bank’s Q2 FY2026-27 results (Sep 2026) show a clear operational recovery, with Net Profit rising to ₹1,242 crore from ₹1,037 crore in Q1. Revenue increased sequentially by 7% to ₹14,044 crore, driven by higher Interest Earned (₹11,796 crore), though this was offset by a rise in Interest Expended to ₹7,227 crore. The Financing Margin improved significantly to -5.0% from -19.0% in the prior year quarter, indicating better pricing discipline or asset mix. Asset quality remains stable, with Gross NPA percentage holding at 0.03% and Net NPA at 0.01%, while absolute Gross NPAs decreased to ₹10,106 crore.

However, longer-term trends present caution. Return on Equity (ROE) has deteriorated sharply to 1.0% for Mar 2026, down from 15.0% in Mar 2024. Compounded profit growth over three years is negative (-51%), although TTM profit growth shows a sharp 495% rebound. Cash flow from operating activities turned positive in Mar 2026 (₹993 crore) but declined significantly from ₹18,278 crore in Mar 2025. Borrowings rose to ₹53,781 crore in Sep 2026, up from ₹42,789 crore in Mar 2026, while deposits also grew to ₹428,832 crore. Institutional ownership shifted, with DIIs increasing their stake to 41.28% while FIIs reduced theirs to 30.47%.

- Q2 FY2026-27 Net Profit rose to ₹1,242 crore (EPS: ₹15.94), supported by a sequential revenue increase to ₹14,044 crore and an improved financing margin of -5.0%.
- Asset quality metrics are stable; Gross NPA % remains at 0.03% and Net NPA at 0.01%, with absolute Gross NPAs decreasing to ₹10,106 crore.
- Long-term profitability pressure persists: ROE fell to 1.0% in Mar 2026 from 15.0% in Mar 2024, and 3-year compounded profit growth is -51%.
- Liquidity dynamics shifted: Borrowings increased to ₹53,781 crore in Sep 2026, while Operating Cash Flow dropped to ₹993 crore in Mar 2026 from ₹18,278 crore the prior year.

### Bear Case

IndusInd Bank faces near-term operational and market headwinds that warrant caution. On the operational front, the bank is increasing costs for retail customers effective November 1, 2026, by introducing Rs 25 charges for declined POS and ATM transactions due to insufficient funds, a shift from previously free services. This fee revision may impact customer sentiment or volume in specific account variants. Concurrently, the broader microfinance sector, in which IndusInd operates, is navigating rural stress driven by El Nino-induced droughts, inflation, and fuel costs, leading to uneven growth trajectories and concerns over borrower repayment capacity despite improved collection discipline. From a technical perspective, the stock exhibits significant volatility with an annualized volatility of +36.4% and has suffered a maximum drawdown of -41.0%. While the daily trend remains bullish, the weekly trend has turned bearish, and the stock is currently trading within a range bounded by support at ₹885.08 and resistance at ₹928.08, reflecting a period of consolidation after a -10.4% decline over the past three months.

- Effective November 1, 2026, IndusInd Bank introduces Rs 25 fees for declined POS and ATM transactions due to insufficient funds, reversing previous free-service policies for specified accounts.
- Microfinance portfolio growth is under pressure from rural stress factors including El Nino-induced droughts and high input costs, creating uncertainty around asset quality and repayment capacity.
- Technical indicators show a divergence: while the daily supertrend is bullish, the weekly supertrend has flipped to bearish, signaling short-to-medium term momentum weakness.
- The stock maintains high risk metrics, including a current drawdown of -15.6%, a maximum historical drawdown of -41.0%, and annualized volatility of +36.4%.

- [Microfinance lenders tread cautiously amid rural stress](https://economictimes.indiatimes.com/markets/stocks/news/microfinance-lenders-tread-cautiously-amid-rural-stress/articleshow/135590415.cms)
- [SBI, ICICI, HDFC Bank, IIB, KMB shares: Valuation premium over global peers narrowed; targets](https://www.businesstoday.in/markets/stocks/story/sbi-icici-hdfc-bank-iib-kmb-shares-valuation-premium-over-global-peers-narrowed-targets-565320-2026-11-03)
- [5 key money rule changes from tomorrow, 1 November 2026: What pensioners, taxpayers and bank customers should know | Mint](https://www.livemint.com/money/personal-finance/5-key-money-rule-changes-from-tomorrow-1-november-2026-what-pensioners-taxpayers-and-bank-customers-should-know-11793431283609.html)
- [Money changes from November 1, 2026: Revised PNB credit card charges, increased Indusind Bank fees and ITR deadline; know key changes - The Economic Times](https://economictimes.indiatimes.com/wealth/invest/money-changes-from-november-1-2026-revised-pnb-credit-card-charges-increased-indusind-bank-fees-and-itr-deadline-know-key-changes/articleshow/135371890.cms)
- [IndusInd Bank Limited has informed the Exchange regarding a press release dated November 06, 2026, titled "IndusInd Bank leverages J.P. Morgan Payments to enhance outward remittance experience by expanding coverage to 123 currencies". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/INDUSINDBK3_06112026103758_FinalUploadsigned1.pdf)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/INDUSINDBK4_29102026172956_FinalUpload.pdf)
- [INDUSIND BANK LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1656_WebXMLFile_20261027_172250984.xml)
- [ndusind Bank Limited has informed the Exchange about Grant of Stock Options under the Employee Stock Option Scheme of the Bank |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/INDUSINDBK3_27102026201229_SE_Grant_of_Option27102026.pdf)
- [Indusind Bank Limited has informed the Exchange about Newspaper clippings pertaining to the Unaudited Consolidated and Standalone Financial Results for the quarter and half year ended September 30, 2026 |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/INDUSINDBK3_24102026114939_SEDisclosure_NewspaperAdv24102026.pdf)
- [IndusInd Bank Limited has submitted to the Exchange, the Unaudited Consolidated and Standalone Financial Results for the quarter and half year ended September 30, 2026 |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/INDUSINDBK3_23102026155243_Financialresultsfinalsigned.pdf)

### FAQs

**What new fees are being introduced for IndusInd Bank savings account customers?**

Effective November 1, 2026, IndusInd Bank will charge Rs 25 for declined POS and ATM transactions due to insufficient funds. This fee applies to specified account variants where such transactions were previously free.

**How is IndusInd Bank expanding its cross-border payment capabilities?**

As of November 6, 2026, the bank has partnered with J.P. Morgan Payments to expand outward remittance coverage to 123 currencies. The service enables direct settlement in beneficiaries' local currencies and is currently available at branches, with online and mobile banking access coming soon.

**What recent developments have occurred regarding the bank's capital structure?**

On October 29, 2026, IndusInd Bank paid Rs 227.08 crores in interest on Tier 2 Bonds with an issue size of Rs 2,800.00 crores (ISIN INE095A08090). Additionally, on October 27, 2026, the bank granted 55,106 stock options to one employee under its ESOP scheme at a grant price of Rs 904.80 per share.

**How does IndusInd Bank's performance compare to peers in the microfinance sector?**

During Q2 FY27, IndusInd Bank reported growth in its microfinance portfolio, contrasting with declines reported by Bandhan Bank and CreditAccess Grameen. This divergence reflects sector-wide caution regarding rural borrowers' repayment capacity amid El Nino-induced droughts and inflationary pressures.

**What are the current technical trading levels for IndusInd Bank shares?**

As of November 6, 2026, the stock closed at ₹910.25. Immediate support is noted at ₹901.72, while resistance levels exist at ₹928.08 and ₹944.72. The daily trend shows a bullish super-trend direction, whereas the weekly trend indicates a bearish super-trend direction.

- [Microfinance lenders tread cautiously amid rural stress](https://economictimes.indiatimes.com/markets/stocks/news/microfinance-lenders-tread-cautiously-amid-rural-stress/articleshow/135590415.cms)
- [SBI, ICICI, HDFC Bank, IIB, KMB shares: Valuation premium over global peers narrowed; targets](https://www.businesstoday.in/markets/stocks/story/sbi-icici-hdfc-bank-iib-kmb-shares-valuation-premium-over-global-peers-narrowed-targets-565320-2026-11-03)
- [5 key money rule changes from tomorrow, 1 November 2026: What pensioners, taxpayers and bank customers should know | Mint](https://www.livemint.com/money/personal-finance/5-key-money-rule-changes-from-tomorrow-1-november-2026-what-pensioners-taxpayers-and-bank-customers-should-know-11793431283609.html)
- [Money changes from November 1, 2026: Revised PNB credit card charges, increased Indusind Bank fees and ITR deadline; know key changes - The Economic Times](https://economictimes.indiatimes.com/wealth/invest/money-changes-from-november-1-2026-revised-pnb-credit-card-charges-increased-indusind-bank-fees-and-itr-deadline-know-key-changes/articleshow/135371890.cms)
- [IndusInd Bank Limited has informed the Exchange regarding a press release dated November 06, 2026, titled "IndusInd Bank leverages J.P. Morgan Payments to enhance outward remittance experience by expanding coverage to 123 currencies". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/INDUSINDBK3_06112026103758_FinalUploadsigned1.pdf)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/INDUSINDBK4_29102026172956_FinalUpload.pdf)
- [INDUSIND BANK LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1656_WebXMLFile_20261027_172250984.xml)
- [ndusind Bank Limited has informed the Exchange about Grant of Stock Options under the Employee Stock Option Scheme of the Bank |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/INDUSINDBK3_27102026201229_SE_Grant_of_Option27102026.pdf)
- [Indusind Bank Limited has informed the Exchange about Newspaper clippings pertaining to the Unaudited Consolidated and Standalone Financial Results for the quarter and half year ended September 30, 2026 |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/INDUSINDBK3_24102026114939_SEDisclosure_NewspaperAdv24102026.pdf)
- [IndusInd Bank Limited has submitted to the Exchange, the Unaudited Consolidated and Standalone Financial Results for the quarter and half year ended September 30, 2026 |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/INDUSINDBK3_23102026155243_Financialresultsfinalsigned.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹901.72
- Risk regime: Price Risk Requires Attention

### Support levels
- 776.55
- 771.9203125
- 765.7

### Resistance levels
- 965.375
- 987.425
- 1032.3

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.13% |
| return_10 | +9.01% |
| return_1m | +0.46% |
| return_1y | +15.78% |
| return_20 | +5.35% |
| return_3m | -10.43% |
| return_5 | +8.62% |
| return_6m | -3.86% |
| return_since_start | -6.10% |
| return_ytd | +2.25% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -40.96% |
| annualized_volatility | +36.38% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Indusind Bank Limited FY2026-27 Q2: Profit rises 20% sequentially

Indusind Bank reported consolidated profit after tax of ₹1,242 crore for Q2 FY2026-27, up 19.7% from Q1. Higher other income and lower provisions supported the increase, while pre-provision operating profit rose 3.6%; gross and net NPA ratios also declined sequentially.

## Other income and lower provisions supported profit growth

Profit before tax increased 18.9% to ₹1,652 crore from ₹1,389 crore in Q1 FY2026-27. Other income rose 25.8% to ₹2,248 crore, while provisions other than tax and contingencies fell 11.7% to ₹1,223 crore. Tax expense increased to ₹410 crore from ₹352 crore. Basic EPS was ₹15.94, compared with ₹13.31 in Q1.

## Pre-provision operating profit grew more slowly than income

Income increased 7.2% sequentially to ₹14,044 crore. Interest earned rose 4.3% to ₹11,796 crore, while interest expended increased 9.1% to ₹7,227 crore. Operating expenses rose 6.6% to ₹3,943 crore: employee costs were ₹1,803 crore, up slightly from ₹1,792 crore, and other operating expenses increased to ₹2,140 crore from ₹1,906 crore. Operating profit before provisions and contingencies grew 3.6% to ₹2,874 crore from ₹2,773 crore.

## Asset-quality measures improved

At 30 September 2026, gross NPAs stood at ₹10,106 crore, down from ₹10,849 crore at 30 June, while net NPAs were ₹3,012 crore versus ₹3,101 crore. The gross NPA ratio eased to 2.73% from 3.25%, and the net NPA ratio to 0.83% from 0.95%. Provisions also declined sequentially, contributing to the higher pre-tax profit.

## Advances, deposits and capital

At 30 September 2026, advances were ₹3,63,104 crore and deposits were ₹4,28,832 crore; borrowings stood at ₹53,781 crore. The CET1 ratio was 15.55%, compared with 16.10% at 30 June 2026.

## Management commentary

Management said the quarter showed strengthened growth, improved profitability and encouraging asset-quality trends. It also pointed to increasing traction across retail businesses and a more granular, resilient funding profile. Management reported a Q2 FY2026-27 net interest margin of 3.23%, yield on assets of 8.35%, cost of funds of 5.11%, average liquidity coverage ratio of 127% and provision coverage ratio of 70.19%.

## Key Takeaway

Sequential profit growth was supported by sharply higher other income and lower provisions, alongside improving NPA measures. However, pre-provision operating profit grew more slowly than income, and the CET1 ratio declined from the prior quarter—important contrasts as investors assess the quarter’s earnings and capital position.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +15.82%
- FII holding: +29.17%
- DII holding: +41.86%
- Mutual fund holding: +30.26%
- Retail holding: +6.49%
- Promoter pledged: +0.00%

### Major reported shareholders

- Indusind International Holdings Limited — +10.53% (Bodies Corporate)
- Icici Prudential Multi-Asset Fund — +5.54%
- Indusind Limited — +5.29% (Bodies Corporate)
- Life Insurance Corporation Of India — +5.11%
- The Bank Of New York — +4.64%
- Kotak Mahindra Trustee Co Ltd A/C Kotak Multicap Fund — +4.47%
- Hdfc Mutual Fund - Hdfc Mid-Cap Fund — +4.28%
- Mirae Asset Large & Midcap Fund — +3.75%
- Government Of Singapore — +3.05%
- Government Pension Fund Global — +2.39%

## Official filings

- 2026-11-06 — Press Release: IndusInd Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/INDUSINDBK3_06112026103758_FinalUploadsigned1.pdf)
- 2026-10-29 — Generic Announcement: Indusind Bank Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/INDUSINDBK4_29102026172956_FinalUpload.pdf)
- 2026-10-27 — Generic Announcement: IndusInd Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1656_WebXMLFile_20261027_172250984.xml)
- 2026-10-27 — Generic Announcement: IndusInd Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/INDUSINDBK3_27102026201229_SE_Grant_of_Option27102026.pdf)
- 2026-10-24 — Generic Announcement: IndusInd Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/INDUSINDBK3_24102026114939_SEDisclosure_NewspaperAdv24102026.pdf)
- 2026-10-23 — Generic Announcement: IndusInd Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/INDUSINDBK3_23102026155243_Financialresultsfinalsigned.pdf)
- 2026-10-23 — Generic Announcement: IndusInd Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/INDUSINDBK4_23102026160420_Finalsigned.pdf)
- 2026-10-23 — Earnings Presentation: IndusInd Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/INDUSINDBK4_23102026161027_Investor_Presentationmergedfinalsigned.pdf)
- 2026-10-23 — Press Release: IndusInd Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/INDUSINDBK4_23102026162409_finaluploadPRsigned.pdf)
- 2026-10-23 — Generic Announcement: IndusInd Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_1656_WebXMLFile_20261023_172405678.xml)
- 2026-10-23 — Financial Results Filing: Indusind Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_BANKING_1744877_23102026062324_WEB.xml)
- 2026-10-23 — Financial Results Filing: Indusind Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_BANKING_1744879_23102026062344_WEB.xml)
- 2026-10-23 — Generic Announcement: IndusInd Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/INDUSINDBK1_23102026201355_AudioRecordingsofEarningsCallsigned.pdf)
- 2026-10-23 — Generic Announcement: IndusInd Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/INDUSINDBK1_23102026202833_SEdisclosure_ListofSMP23102026signed.pdf)
- 2026-10-23 — Generic Announcement: IndusInd Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1656_WebXMLFile_20261023_203704184.xml)
- 2026-10-23 — Generic Announcement: IndusInd Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_1656_WebXMLFile_20261023_205811524.xml)
- 2026-10-22 — Generic Announcement: IndusInd Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/INDUSINDBK3_22102026135934_FinalUpload.pdf)
- 2026-10-13 — Generic Announcement: IndusInd Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/INDUSINDBK3_13102026180408_Earningscallintimation_Q2FY27_SIGNED.pdf)
- 2026-10-13 — Generic Announcement: IndusInd Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1656_WebXMLFile_20261013_184810410.xml)
- 2026-10-08 — Generic Announcement: IndusInd Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/INDUSINDBK4_08102026160930_SEIntimation-SpecialWindowforRelodgementsigned.pdf)
- 2026-10-07 — Generic Announcement: IndusInd Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/INDUSINDBK1_07102026194507_Reg_74_5_asonseptember_30_2026_Signed.pdf)
- 2026-10-05 — Generic Announcement: IndusInd Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/INDUSINDBK3_05102026201747_SE_Key_NumbersQ2FY2027.pdf)
- 2026-10-01 — Generic Announcement: Indusind Bank Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/INDUSINDBK1_01102026181313_SEHalfYearlyDisclosuresigned.pdf)
- 2026-09-30 — Board Meeting Notice: IndusInd Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/INDUSINDBK4_30092026195139_PriorIntimationsigned1.pdf)
- 2026-09-30 — Generic Announcement: IndusInd Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_1656_WebXMLFile_20260930_200148476.xml)

## News and market events

- 2026-11-06 — Economic Times: **IndusInd Bank customers can now send money abroad in 123 currencies through J.P. Morgan tie-up - The Economic Times** — IndusInd Bank has partnered with J.P. Morgan Payments to expand its outward remittance services, enabling customers to transfer money in 123 currencies through direct local-currency settlements via the Xpedite solution. The service is currently available at IndusInd Bank branches, with plans to extend access to online and mobile banking channels for 24/7 usage. This collaboration aims to simplify international transactions by reducing intermediary currency conversions and leveraging J.P. Morgan's global network for faster processing. — [Source](https://economictimes.indiatimes.com/nri/latest-updates/indusind-bank-customers-can-now-send-money-abroad-in-123-currencies-through-j-p-morgan-tie-up/articleshow/135604788.cms)
- 2026-11-06 — The Hindu: **IndusInd Bank ties up with JP Morgan Payments to offer remittances in 123 currencies** — IndusInd Bank has partnered with J.P. Morgan Payments to expand its outward remittance services to 123 currencies, utilizing the Xpedite solution to allow direct transfers in beneficiaries' local currencies without intermediary conversions. This initiative, currently available at branches with a planned rollout to digital channels, aims to streamline cross-border payments for the bank's 42 million customers, particularly those engaged in NRI banking and international transactions. — [Source](https://www.thehindubusinessline.com/money-and-banking/indusind-bank-ties-up-with-jp-morgan-payments-to-offer-remittances-in-123-currencies/article71673366.ece)
- 2026-11-06 — Economic Times: **Microfinance lenders tread cautiously amid rural stress** — Microfinance lenders exercised caution during the second quarter of FY27, with Bandhan Bank and CreditAccess Grameen reporting portfolio declines while IndusInd Bank and L&T Finance saw growth. This uneven trajectory reflects concerns over rural borrowers' repayment capacity amid El Nino-induced droughts, inflation, and fuel costs. Sector growth estimates varied between credit information companies, highlighting inconsistencies in data despite improved collection discipline. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/microfinance-lenders-tread-cautiously-amid-rural-stress/articleshow/135590415.cms)
- 2026-11-03 — BUSINESSTODAY: **SBI, ICICI, HDFC Bank, IIB, KMB shares: Valuation premium over global peers narrowed; targets** — Jefferies identified a narrowing valuation premium for Indian banks over global peers, citing strong asset quality and consistent performance from ICICI Bank and SBI in FY26. The investment bank highlighted diverging retail deposit franchises and a shift toward tech investments, while forecasting 16% sector-wide deposit growth for FY27 supported by FCNR-B inflows. Jefferies also noted that upcoming ECL-based provisioning and wage settlements may increase costs, though an expected repo rate hike could offset these pressures. — [Source](https://www.businesstoday.in/markets/stocks/story/sbi-icici-hdfc-bank-iib-kmb-shares-valuation-premium-over-global-peers-narrowed-targets-565320-2026-11-03)
- 2026-10-31 — Mint: **5 key money rule changes from tomorrow, 1 November 2026: What pensioners, taxpayers and bank customers should know | Mint** — The government has notified changes to certain provisions of the Central Goods and Services Tax Act, 2017, effective 1 November 2026, covering post-supply discounts, credit notes, and GST refunds. These amendments include revised conditions for excluding eligible post-sale discounts from taxable value and require reversal of attributable input tax credit. — [Source](https://www.livemint.com/money/personal-finance/5-key-money-rule-changes-from-tomorrow-1-november-2026-what-pensioners-taxpayers-and-bank-customers-should-know-11793431283609.html)
- 2026-10-31 — Economic Times: **Money changes from November 1, 2026: Revised PNB credit card charges, increased Indusind Bank fees and ITR deadline; know key changes - The Economic Times** — IndusInd Bank will charge for certain failed savings-account transactions from November 1, 2026, for specified account variants. Declined POS and ATM transactions due to insufficient funds will each incur a Rs 25 charge, where the article says they were previously free. — [Source](https://economictimes.indiatimes.com/wealth/invest/money-changes-from-november-1-2026-revised-pnb-credit-card-charges-increased-indusind-bank-fees-and-itr-deadline-know-key-changes/articleshow/135371890.cms)
- 2026-10-27 — MONEYCONTROL: **IndusInd Bank profit beats estimates as asset-quality repair gathers pace** — IndusInd Bank profit beats estimates as asset-quality repair gathers pace Follow Us On: Stocks: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Others Trending Topics more Sensex Today Jio IPO Allotment Jio IPO Listing Date Israel Elections 2026 live Microsoft Buyout news Gyanesh Kumar Benjamin Netanyahu Noel Tata Ather Share Price Anthropic IPO News more Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups Markets more Home Currencies Commodities Pre-Market IPO Global Market US Markets Bonds Silver MCX Price Gold MCX Price Personal Finance m — [Source](https://www.moneycontrol.com/news/business/stocks/indusind-bank-profit-beats-estimates-as-asset-quality-repair-gathers-pace-14061338.html)
- 2026-10-26 — MONEYCONTROL: **Neutral IndusInd Bank; target of Rs 1050: Motilal Oswal** — Neutral IndusInd Bank; target of Rs 1050: Motilal Oswal Follow Us On: Stocks: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Others Trending Topics more Sensex Today Jio IPO Allotment Jamia Protest UP Polls 2027 Rahul Gandhi Infosys Share Price Aamir Khan Small Cap Stocks Cyclone Arnab Dhanush News more Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups Markets more Home Currencies Commodities Pre-Market IPO Global Market US Markets Bonds Silver MCX Price Gold MCX Price Personal Finance more Home Loans up to 50 Lakhs Credit Cards Lifetime — [Source](https://www.moneycontrol.com/news/business/neutral-indusind-bank-target-of-rs-1050-motilal-oswal-14060510.html)
- 2026-10-26 — Mint: **Mind-boggling Monday at Indian stock markets: Sensex, Nifty mirror life’s ups and downs — October 26 trade details** — The Nifty 50 opened lower at 22,524, and the sell-off accelerated at the opening bell, dragging the index towards 22,387 before it staged a sharp recovery. Supported by gains in financial stocks, the index closed 0.68% higher at 22,735. The Sensex also ended the session 0.66% higher at 73,606. — [Source](https://www.livemint.com/market/stock-market-news/mindboggling-monday-at-indian-stock-markets-sensex-nifty-mirror-life-s-ups-and-downs-october-26-trade-details-11793005870431.html)
- 2026-10-26 — Mint: **IndusInd Bank shares jump over 2% after Q2 results. Should you buy, sell or hold? Brokerages weigh in; target price | Stock Market News** — IndusInd Bank shares gained after the lender reported a quarterly profit of ₹1,242 crore, stronger advances and lower bad loans. Margin pressure from FCNR(B) deposits tempered the outlook, leaving brokerages divided, with price targets ranging from ₹950 to ₹1,200. — [Source](https://www.livemint.com/market/stock-market-news/indusind-bank-shares-rise-over-2-after-q2-results-should-you-buy-sell-or-hold-brokerages-weigh-in-check-target-price-11792997282785.html)
- 2026-10-26 — MONEYCONTROL: **Buy IndusInd Bank; target of Rs 1100: Prabhudas Lilladher** — Buy IndusInd Bank; target of Rs 1100: Prabhudas Lilladher Follow Us On: Stocks: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Others Trending Topics more Sensex Today Jio IPO Allotment Jamia Protest UP Polls 2027 Rahul Gandhi Infosys Share Price Aamir Khan Small Cap Stocks Cyclone Arnab Dhanush News more Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups Markets more Home Currencies Commodities Pre-Market IPO Global Market US Markets Bonds Silver MCX Price Gold MCX Price Personal Finance more Home Loans up to 50 Lakhs Credit Cards Lifetim — [Source](https://www.moneycontrol.com/news/business/earnings/buy-indusind-bank-target-of-rs-1100-prabhudas-lilladher-14060034.html)
- 2026-10-26 — MONEYCONTROL: **Buy IndusInd Bank; target of Rs 1050: Emkay Global Financial** — Buy IndusInd Bank; target of Rs 1050: Emkay Global Financial Follow Us On: Stocks: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Others Trending Topics more Sensex Today Jio IPO Allotment Jamia Protest UP Polls 2027 Rahul Gandhi Infosys Share Price Aamir Khan Small Cap Stocks Cyclone Arnab Dhanush News more Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups Markets more Home Currencies Commodities Pre-Market IPO Global Market US Markets Bonds Silver MCX Price Gold MCX Price Personal Finance more Home Loans up to 50 Lakhs Credit Cards Life — [Source](https://www.moneycontrol.com/news/business/earnings/buy-indusind-bank-target-of-rs-1050-emkay-global-financial-14059899.html)
- 2026-10-26 — MONEYCONTROL: **IndusInd Bank shares rise 2% after lender swings back to profit in Q2; check target prices** — IndusInd Bank shares rise 2% after lender swings back to profit in Q2; check target prices Follow Us On: Stocks: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Others Trending Topics more Sensex Today Jio IPO Allotment Jamia Protest UP Polls 2027 Rahul Gandhi Infosys Share Price Aamir Khan Small Cap Stocks Cyclone Arnab Dhanush News more Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups Markets more Home Currencies Commodities Pre-Market IPO Global Market US Markets Bonds Silver MCX Price Gold MCX Price Personal Finance more Home Loans up — [Source](https://www.moneycontrol.com/news/business/markets/indusind-bank-shares-rise-2-after-lender-swings-back-to-profit-in-q2-check-target-prices-14059859.html)
- 2026-10-26 — Economic Times: **IndusInd Bank shares rise 2% after Q2 results. Why Jefferies cut target price despite lender swinging to profit** — IndusInd Bank announced a net profit of Rs 1,176 crore for the quarter ending September 2027. The bank's asset quality improved with gross non-performing assets declining to 2.73% from 3.6% a year earlier. Jefferies adjusted its target price for the bank's shares down to Rs 1,130 due to changing credit cost expectations. Motilal Oswal maintained a neutral stance with a target price of Rs 1,050, indicating a positive outlook. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/indusind-bank-shares-in-focus-after-q2-results-why-jefferies-cut-target-despite-lender-swinging-to-profit/articleshow/135202240.cms)
- 2026-10-26 — MONEYCONTROL: **IndusInd Bank Q2 FY27: Steady work in progress** — [Source](https://www.moneycontrol.com/news/business/moneycontrol-research/indusind-bank-q2-fy27-steady-work-in-progress-14059783.html)
- 2026-10-26 — BUSINESSTODAY: **GIFT Nifty up 33 points; Infosys, Kotak Bank, TMCV, IndusInd Bank, Vedanta among top stocks in focus** — Indian equity markets are set for a positive but cautious start to the new week on Friday amid mixed global sentiments and elevated crude oil prices. — [Source](https://www.businesstoday.in/markets/trending-stocks/story/gift-nifty-up-33-points-infosys-kotak-bank-tmcv-indusind-bank-vedanta-among-top-stocks-in-focus-563529-2026-10-26)
- 2026-10-26 — CNBC-TV18: **Q2 Results LIVE Updates: Infosys, Kotak Bank react to earnings; Tata Consumer, Paytm report today** — Q2 Results LIVE Updates: Tata Consumer Products, APL Apollo Tubes, Dalmia Bharat, ITC Hotels, Bank of Maharashtra, Mankind Pharma, Paytm, Nazara Tech, Kfin Tech, REC, Sona BLW, Indian Overseas Bank, Aegis Logistics, Aditya Birla Real Estate, are among the companies reporting their earnings today. Watch for all the LIVE updates. — [Source](https://www.cnbctv18.com/market/q2-results-live-updates-infosys-tata-consumer-kotak-au-sfb-paytm-rec-sona-blw-idfc-iob-bank-of-mah-aegis-abrel-torrent-sona-kfin-share-price-liveblog-20018894.htm)
- 2026-10-26 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty aims to protect lower levels amidst higher oil, expiries, results deluge** — Sensex Today | Stock Market LIVE Updates: Crude oil prices remain higher, the Fed announces its interest rate decision this week, geopolitical tensions remain elevated, there are nearly 250 companies reporting numbers this week, and both the Nifty and the Sensex will also be having their monthly expiries during the course of this week. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-nifty-50-sensex-today-oil-banks-it-midcaps-smallcaps-infosys-kotak-idfc-boi-tata-motors-bpcl-share-price-liveblog-20018878.htm)
- 2026-10-25 — Mint: **Bank Nifty tumbles nearly 3%, slips below 55k: More selling pressure ahead for banking stocks? Check key levels to watch** — Indian equities fell sharply during a four-session week as surging crude prices amid the West Asia crisis erased nearly ₹21 lakh crore in investor wealth. The Sensex dropped 2.15% and Nifty 50 2.36%, while Bank Nifty lost 2.79%, with analysts warning of continued technical weakness. — [Source](https://www.livemint.com/market/stock-market-news/bank-nifty-tumbles-nearly-3-slips-below-55k-more-selling-pressure-ahead-for-banking-stocks-check-key-levels-to-watch-11792920838777.html)
- 2026-10-24 — Economic Times: **IndusInd Bank posts Rs 1,242 crore net profit on lower provisions** — IndusInd Bank reported an impressive consolidated net profit of ₹1,242 crore for the September quarter, marking a robust recovery from the previous year's loss of ₹437 crore. This turnaround stems from decreased provisions and heightened fee income, alongside encouraging trends in asset quality, evidenced by reduced non-performing asset ratios. The bank's financial outlook showcases a significant improvement in both growth and profitability. — [Source](https://economictimes.indiatimes.com/markets/stocks/earnings/indusind-bank-posts-rs-1242-crore-net-profit-on-lower-provisions/articleshow/135160532.cms)
- 2026-10-23 — The Hindu: **IndusInd Bank posts profit of ₹1,242 crores in Q2; asset quality improvement and interest income drives growth** — IndusInd Bank posts Q2 FY27 profit of ₹1,242 crore driven by higher NII, improved asset quality, and steady loan growth. — [Source](https://www.thehindu.com/business/indusind-bank-posts-profit-of-rs-1242-crores-in-q2-asset-quality-improvement-and-interest-income-drives-growth/article71616469.ece)
- 2026-10-23 — MONEYCONTROL: **IndusInd Bank expects margins to recover by Q4, cuts CD book by Rs 10,000 crore** — IndusInd Bank expects margins to recover by Q4, cuts CD book by Rs 10,000 crore Follow Us On: Stocks: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Others Trending Topics more Sensex Today Jio IPO Tonbo Imaging share price UP Elections iPhone Duo Elon Musk Annamalai Piyush Goyal Donald Trump Sonam Wangchuk News more Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups Markets more Home Currencies Commodities Pre-Market IPO Global Market US Markets Bonds Silver MCX Price Gold MCX Price Personal Finance more Home Loans up to 50 Lakhs Credit C — [Source](https://www.moneycontrol.com/news/business/banks/indusind-bank-expects-margins-to-recover-by-q4-cuts-cd-book-by-rs-10-000-crore-14058816.html)
- 2026-10-23 — The Hindu: **IndusInd Bank PAT at ₹1,176 crore as provisions dip and other incomes increase** — IndusInd Bank posts ₹1,176 crore Q2 profit as provisions fall, NII up, other income soars, deposits and advances rise. — [Source](https://www.thehindubusinessline.com/money-and-banking/indusind-bank-pat-at-1176-crore-as-provisions-dip-and-other-incomes-increase/article71616620.ece)
- 2026-10-23 — FREEPRESSJOURNAL.IN: **FPJ Quick Take At 5 PM: 'Tiger Shroff Firing Case Accused Allegedly Recce'd Celebrity Neighbourhoods To Jio IPO Crosses 1 Crore Applications'; Your Daily Evening Guide To Headlines** — Delivering fast, unbiased reporting on Mumbai, national politics, global affairs, market trends, entertainment and lifestyle so you can understand the stories that made your day so far — [Source](https://www.freepressjournal.in/india/fpj-quick-take-at-5-pm-tiger-shroff-firing-case-accused-allegedly-recced-celebrity-neighbourhoods-to-jio-ipo-crosses-1-crore-applications-your-daily-evening-guide-to-headlines-23-october-2026)
- 2026-10-23 — BUSINESSTODAY: **IndusInd Bank Q2 profit at Rs 1,242 crore; NII up 4% YoY** — IndusInd Bank Ltd on Friday reported a net profit of Rs 1,242 crore for the second quarter of FY27, compared with a net loss of Rs 437 crore in the corresponding quarter of the previous financial year. — [Source](https://www.businesstoday.in/markets/stocks/story/indusind-bank-q2-profit-at-rs-1242-crore-nii-up-4-yoy-563338-2026-10-23)

## Business profile

**Strategic vision:** Private sector bank offering retail, corporate, and micro-banking services.

### Business segments
- **Retail Banking & Vehicle Finance:** Provides personal banking accounts, deposits, credit cards, and specialized financing for commercial vehicles, utility vehicles, motorcycles, and passenger cars.
- **Corporate and Commercial Banking:** Offers corporate lending, working capital finance, trade services, cash management, and structured finance to corporate groups.
- **Bharat Financial Inclusion Limited (BFIL):** The dedicated microfinance and rural banking arm, operating through a joint-liability group lending model to support rural micro-enterprises.

### Competitive strengths
- Integrated rural micro-banking with commercial lending and retail vehicle finance.
- Utilizes a wholly owned subsidiary (BFIL) as a rural distribution engine and business correspondent network.
- Leverages BFIL customer data for cross-selling higher-value retail asset products.
- Aligns depository funding from retail and rural networks to fund lending portfolios.

## Related stocks

- [Axis Bank Limited (Financial Services)](https://faxioms.com/stocks/axisbank) — +3.35%
- [HDFC Bank Limited (Financial Services)](https://faxioms.com/stocks/hdfcbank) — +3.72%
- [ICICI Bank Limited (Financial Services)](https://faxioms.com/stocks/icicibank) — +4.75%
- [Kotak Mahindra Bank Limited (Financial Services)](https://faxioms.com/stocks/kotakbank) — +2.78%
- [State Bank of India (Financial Services)](https://faxioms.com/stocks/sbin) — +1.20%

## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/indusindbk
Markdown representation: https://faxioms.com/stocks/indusindbk?render=md