More Stories

Informist, Friday, Apr. 24, 2026

--IndusInd Bk: There is further scope for credit cost improvement 
--IndusInd Bk: Derivatives issue behind us, fully accounted for 
--IndusInd Bk: Well positioned to deliver sustainable value over medium term 
--IndusInd Bk: Investing in dedicated AI centre of excellence 
--IndusInd Bk: Asset quality continues to be healthy 
--IndusInd Bk: Focused on secured retail sements in Q4 
--CONTEXT: Comments by IndusInd Bank mgmt at media call post Q4 earnings 
--IndusInd Bk: Retail deposit mobilisation remains a core priority

NEW DELHI – IndusInd Bank will continue to focus on raising retail deposits after reporting robust earnings in the March quarter, Managing Director and Chief Executive Officer Rajiv Anand said Friday. "Retail deposits mobilisation remains a core priority, and during the quarter we saw net retail deposit additions of approximately INR 68 billion, with incremental deposits coming in from retail customers," he said at a post-earnings media conference call.

Anand said increasing deposits reflect improving customer confidence and deeper engagement across the branch and digital channels. Retail deposits, as per the liquidity coverage ratio, stand at INR 1.83 trillion as of Mar. 31, 2026, against INR 1.87 trillion as on March 31, 2025, the bank said in a press release.

Speaking on the asset side of the bank's balance sheet, Anand said in Jan-Mar the bank adopted a selective approach to growth, "focusing on well-secured retail segments, vehicle finance, and small and medium enterprises lending, while continuing to rationalise parts of our wholesale portfolio to improve portfolio quality."

IndusInd Bank Friday reported a net profit of INR 5.33 billion for the March quarter against a loss in the year-ago period. The private-sector lender had reported a rare quarterly loss of INR 22.36 billion in the March quarter last year, following discrepancies in its derivatives accounting and microfinance loan portfolio. Anand said the derivatives issue is fully accounted for and disclosed to regulators, stock exchanges, and key stakeholders. "So that is behind us, the process of rebuilding is what we have been going through over the last six months or so," he said. "With strong leadership, comfortable liquidity and capital adequacy, we believe the bank is well positioned to deliver sustainable value over the medium to long term."

Anand said that although the bank reduced its credit cost during Jan-Mar, there was still scope for further improvement. "What we have seen this quarter is a broad-space improvement in credit costs and I do believe that there is further scope... tighter underwriting on one hand and growth coming back on the other should improve credit costs in percentage terms," he said. The bank's credit cost was at 1.89% in Jan-Mar, down from 2.62% in the December quarter and 2.86% a year ago. 

Anand said the bank's asset quality remains healthy, as slippages in the Jan-Mar quarter fell nearly one-third from the year-ago quarter to INR 18.25 billion. The gross non-performing asset ratio declined to 3.43% as of Mar. 31 from 3.56% as of Dec. 31, but remained above 3.13% a year earlier. The net NPA ratio also improved sequentially to 1.00% at the end of March from 1.04% at the end of December, but deteriorated from 0.95% a year ago.

Anand said incorporating artificial intelligence is a core strategic priority for the bank. "We see meaningful potential across customer experience, employee productivity and engagement, risk management and financial crime prevention. To institutionalise this focus, we are investing in a dedicated artificial intelligence centre of excellence to drive Generative-AI adoption at scale," he said.

Friday, the bank's shares closed at INR 847.95 on the National Stock Exchange Friday, down 1.4% from the previous close. The bank released its March quarter earnings after market hours.  End

Reported by Sagar Sen and Krity Ambey

Edited by Saji George Titus

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

Informist Media Tel +91 (11) 4220-1000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2026. All rights reserved.