INDUSLND BANK Q2 RESULTS

IndusInd Bank Shares Drop 19% as Microfinance Slippages Impact Profit

IndusInd Bank's stock fell nearly 19% on Friday, marking its largest decline in over four years, following disappointing earnings for the July–September quarter (Q2) of FY25. The bank's net profit plummeted 40% year-on-year due to higher provisions resulting from slippages in its microfinance portfolio. This decline wiped out ₹18,500 crore...