India's IndusInd Bank reported a fall in third-quarter profit on Friday, as it set aside more funds for potential loan losses amid a deterioration in asset quality. The private lender posted a net profit of 14.

Private sector lender IndusInd Bank reported a 39 per cent year-on-year (Y-o-Y) decline in net profit to Rs 1,402 crore in the quarter ended December (Q3FY25) due to a significant jump in provisions and contingencies following higher slippages during the quarter, especially from the microfinance portfolio.

Shares of IndusInd Bank ended in the green ahead of the results. The stock closed at ₹992.15 on the BSE, up nearly 4%.

India's IndusInd Bank reported a slightly sharper than expected drop in third-quarter profit on Friday, as it set aside more funds to cover bad loans and as asset quality deteriorated due to stress in microfinance loans.

IndusInd Bank reported a 39% year-on-year decline in standalone net profit, totaling ₹1401.28 crore for Q3 FY25 on January 31.

IndusInd Bank reports 39% y-o-y fall in net profit, higher provisions, and expenses; cautious on microfinance segment.