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IndusInd Bank posted its worst-ever quarterly loss, but the stock held its nerve after an early dip.
The deets: the troubled private lender swung into deep red, reporting a massive ₹2,329 crore loss in Q4, its first big earnings update since internal audits and boardroom churn made headlines.
By the numbers:
- Net loss: ₹2,329 crore (vs profit of ₹2,349 crore last year)
- Net Interest Income (NII): ₹3,048.3 crore
The why: this quarter was less about banking and more about cleaning up a mess. IndusInd’s board flagged suspected fraud, possibly involving senior employees in accounting and financial reporting.
Zoom out: IndusInd isn’t the first Indian bank to face governance heat but the timing is rough. With the RBI tightening oversight and markets staying cautious, trust is everything. For now, investors will be watching how the bank handles investigations, rebuilds its top team, and restores credibility.
