Indian private lender IndusInd Bank reported a net loss for the second quarter on Saturday, in its first earnings report since a new chief executive was appointed as the lender stepped up provisions for bad loans and continued to shrink its business.
The Mumbai-based bank posted a standalone net loss of 4.36 billion Indian rupees ($49.56 million) for the three months ended September, compared with a profit of 13.31 billion rupees a year earlier.
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Analysts had expected a profit of 6.3… [2430 chars]
Source: Reuters | Published: 2025-10-18T09:56:45Z
Credit: Reuters
