On a sequential basis as well, loan growth remained muted, sliding 0.8% from the December quarter. The lender shared its fourth quarter provisional updates on Saturday evening.
The Deposits front showed a mixed bag; while total deposits declined 2.6% YoY to ₹4,00,178 crore, the bank registered a 1.6% QoQ growth, signalling a recovery in inflows during the final quarter. Importantly, Retail Deposits and small business holdings rose to ₹1,91,276 crore, up from ₹1,84,473 crore in the previous quarter.
The CASA Ratio, the key indicator of low-cost funding, stood at 31.3%. While this is a drop from the 32.8% recorded a year ago, it marks an improvement over the 30.2% seen in December 2025.
The lender reported a net profit of ₹128 crore in its third quarter (October-December) results, much higher than the CNBC-TV18 poll estimate of ₹42 crore. However, on a year on year (YoY) basis, profit fell 90% from ₹1,402 crore due to elevated provisioning.
Net interest income (NII) for the quarter came in at ₹4,561.7 crore, topping the Street’s forecast of ₹4,353 crore. But NII was 12.7% lower YoY compared to ₹5,228 crore in the year ago period.
Earlier in mid-February, brokerage firm Emkay Global had upgraded IndusInd Bank to ‘Buy’ from ‘Reduce’, raising its target price to ₹1,100 per share from ₹800, implying about 17% upside from the prevailing current market price.
Shares of IndusInd Bank settled at ₹779.20, down almost a percent, on Friday.
