IndusInd Bank posts record Rs 2,329 cr Q4 loss amid deep cleanup, leadership crisis

Quick Summary:

IndusInd Bank reported a record net loss of Rs 2,329 crore for the March quarter due to governance failures and misreporting.

The bank faced increased NPAs, wrongly accounted derivative trades, and misclassified microfinance assets.

Following leadership resignations, a new CEO is being sought to restore ethical standards and rebuild trust.

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Article Details

Author / Journalist: TOI World Desk

Category: EconomyBusiness

Markets: India

Topics: IndusInd Bank capital adequacy ratio IndusInd Bank net loss IndusInd Bank forensic audit IndusInd Bank net interest income IndusInd Bank fraud accounting IndusInd Bank Q4 loss IndusInd Bank governance issues IndusInd Bank credit rating downgrade IndusInd Bank financial results FY25 IndusInd Bank leadership crisis

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-22 @ 00:52:05 (16 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 1045 words

Reading Time: 6 minutes read

Sentences: 46 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 28892192

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