IndusInd bank’s Q1FY27 PAT up 47% on lower provisions
IndusInd Bank Ltd reported a 46.5% year-on-year increase in standalone net profit to ₹1,002.5 crore for Q1 FY27, driven by reduced provisions and costs. The bank's net interest income rose 7.2% to ₹4,684.72 crore, with a slight improvement in net interest margin to 3.52%. This performance indicates the bank's effective management of bad loans, as provisions for such loans fell by 23%.