Mumbai, October 23, 2026: IndusInd Bank reported a consolidated net profit of ₹1,242 crore for the quarter ended September 30, 2026 (Q2 FY27), a turnaround from a net loss of ₹437 crore in the same period last year and a 51% increase over the normalized profit of ₹824 crore in Q1 FY27.
The bank’s net interest income (NII) for Q2 FY27 stood at ₹4,569 crore, up from ₹4,409 crore in Q2 FY26, while net revenue rose to ₹6,817 crore compared to ₹6,060 crore a year earlier. Fee and other income for the quarter was ₹2,248 crore, up from ₹1,651 crore in the previous year.
Asset quality and capital position
Gross non-performing asset (NPA) ratio improved to 2.73% as of September 30, 2026, from 3.60% a year earlier, while net NPA ratio declined to 0.83% from 1.04%. The provision coverage ratio was 70.19%, compared to 71.81% in Q2 FY26. The bank’s capital adequacy ratio (CRAR) under Basel III stood at 16.59%, down from 17.10% a year ago, with Tier 1 CRAR at 15.55%.
Deposits increased to ₹4,28,832 crore as of September 30, 2026, from ₹3,89,600 crore a year earlier. Advances grew to ₹3,63,104 crore from ₹3,25,881 crore. The bank’s net worth rose to ₹65,985 crore, compared to ₹62,524 crore in Q2 FY26. The liquidity coverage ratio (LCR) averaged 127% for Q2 FY27, down from 132% in the previous year.
Half-year performance and operational highlights
For the half year ended September 30, 2026, IndusInd Bank’s net profit was ₹2,279 crore, up from ₹167 crore in the corresponding period last year. Net interest income for the half year reached ₹9,254 crore, compared to ₹9,049 crore a year ago. Fee income for the half year was ₹4,034 crore, up from ₹3,808 crore. Operating expenses for the half year were ₹7,641 crore, down from ₹8,243 crore in the previous year. Pre-provision operating profit (PPOP) for the half year stood at ₹5,648 crore, compared to ₹4,615 crore a year earlier.
The bank’s balance sheet size as of September 30, 2026, was ₹5,80,148 crore, up from ₹5,27,490 crore a year ago. CASA deposits stood at ₹1,19,766 crore, comprising 27.93% of total deposits. Retail deposits, as per LCR definition, were ₹2,01,780 crore, compared to ₹1,80,475 crore a year earlier.
Network expansion and board appointment
As of September 30, 2026, IndusInd Bank operated 3,139 branches and banking outlets and 2,773 onsite and offsite ATMs, serving approximately 42 million clients. The bank’s board approved the appointment of Priyanka Sinha as Additional Director (Non-Executive Independent Director) for a four-year term from October 23, 2026, to October 22, 2030, subject to shareholder approval.
Management commentary and ratings
Rajiv Anand, Managing Director and CEO of IndusInd Bank, said the Q2 results reflected improved profitability, encouraging asset quality trends, and a more granular funding profile, citing progress in retail business traction and liability franchise improvement.
IndusInd Bank holds domestic ratings of CARE A1+ and CRISIL A1+ for certificates of deposit, CRISIL AA+ for infrastructure bonds and Tier 2 bonds, and IND AA+ for issuer and senior bonds. Internationally, Moody’s Investors Service rates its senior unsecured MTN programme at Ba1.
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