Indusind Bank , a major player in the Indian banking sector, is expected to report a significant drop in its quarterly profit for Q2, according to recent brokerage estimates. The bank is also addressing concerns about past accounting irregularities, as revealed in a recent clarification to the stock exchanges.

Projected Q2 Performance

IndusInd Bank's Q2 results are anticipated to show a substantial decline in profitability:

The bank faces multiple challenges, including:

• Weak treasury income
• Elevated provisions from microfinance and commercial vehicle segments
• Margin compression
• Sluggish loan growth
• Rising deposit costs

Key Areas of Concern

Operating Profitability

Expected to weaken due to lower treasury income and higher expenses.

Loan and Deposit Growth

Projected to remain tepid, with some brokerages anticipating declines.

Asset Quality

Continued stress in microfinance and retail portfolios is likely to keep credit costs elevated.

Management Commentary

Market participants will be keenly watching for commentary from the new CEO regarding:

1. The bank's growth strategy
2. Asset quality trends

Clarification on Past Accounting Irregularities

In a recent filing with the stock exchanges, IndusInd Bank addressed news reports about a "fresh probe" into accounting irregularities:

• The bank clarified that the ₹255 crore accounting discrepancy mentioned in recent news reports is not part of any new investigation.
• These findings were part of an investigation report submitted by an independent external agency to the bank in April 2025.
• The bank has already made necessary disclosures and reflected the impact of these accounting discrepancies in its audited financial statements for FY 2024-25, released on May 21, 2025.

IndusInd Bank emphasized its commitment to transparency, stating that it has complied with all disclosure obligations under SEBI regulations and will continue to do so.

As the bank navigates through these challenges, investors and analysts will be closely monitoring its Q2 results and future guidance to assess its financial health and growth prospects.

IndusInd Bank has recently issued a clarification regarding news reports that suggested the bank was facing a fresh probe. The bank has firmly stated that these reports are not connected to any new investigation and emphasized its compliance with all required disclosures.

Key Points of Clarification

• No New Investigation: IndusInd Bank has confirmed that there is no new investigation being conducted.
• Accounting Irregularity: The bank addressed a Rs 255.00 crore accounting irregularity mentioned in news reports.
• Previous Findings: This irregularity was part of an investigation report submitted by an independent external agency in April 2022.
• Financial Statement Reflection: The impact of these accounting discrepancies has been appropriately reflected in the bank's audited financial statements for FY 2021-22, disclosed on May 21, 2022.

Disclosure Compliance

IndusInd Bank has reiterated its commitment to transparency and regulatory compliance. The bank stated that it has made all necessary disclosures regarding the mentioned accounting irregularities and will continue to comply with its obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Official Statement

In its official statement to the stock exchanges, IndusInd Bank clarified:

"We would like to clarify that the accounting irregularity of INR 255 Crores as mentioned in the news report is not part of any new investigation being conducted by the Bank and that these findings were part of the investigation report submitted by the independent external agency to the Bank in April 2022."

The bank's prompt clarification aims to address any concerns that may have arisen from the recent news reports and to maintain transparency with its stakeholders. IndusInd Bank continues to operate under the scrutiny of regulatory bodies and remains committed to upholding high standards of corporate governance and financial reporting.

Investors and stakeholders are advised to refer to official communications from the bank and regulatory filings for accurate and up-to-date information regarding IndusInd Bank's financial position and operations.