IndusInd declines net due to increase in provisions and expects better in the fourth quarter

Mumbai: Hindujas-promoted lender IndusInd Bank on Friday reported a sharp 91% decline in third-quarter net profit to ₹128 crore as asset quality deteriorated and provisions rose. But the bank swung to a profit after posting a loss of ₹437 crore in the second quarter, after accelerated microloan disbursements and the lingering impact of prolonged misreporting […]