IndusInd Bank shares rose 1.14% on May 22, 2025, despite weak markets, after posting a record ₹2,329 crore loss in Q4FY25 due to a balance sheet clean-up.
Indian equity benchmark indices were trading in the red as of 10:40 AM on May 22, 2025, with the Nifty down by 0.82% and the Sensex lower by 0.85%. The Nifty Bank index also slipped, down by 0.50%.
Amidst this broad market weakness, one banking stock managed to buck the trend—IndusInd Bank. The share price of IndusInd Bank was trading 1.14% higher at the same time.
The shares of IndusInd Bank opened lower on May 22 at ₹750 and dropped to an intraday low of ₹725 on the NSE—marking its lowest level in a month. The initial sell-off was a reaction to the bank's record quarterly loss reported post-market hours on Wednesday.
For the quarter ended March 31, 2025 (Q4FY25), IndusInd Bank reported a loss of ₹2,329 crore, its worst financial performance for Q4. The loss resulted from the bank’s interim management taking decisive steps to clean up its balance sheet and disclose the full impact of historical accounting lapses. Management stated that the move was aimed at starting FY26 on a clean slate.
In a key development, the Board of IndusInd Bank has initiated the process of identifying potential candidates for the position of CEO. The Reserve Bank of India (RBI) has directed the bank to submit its proposal for the new CEO’s appointment by June 30, 2025.
The bank’s Board has indicated that it is at an advanced stage in the selection process and is confident of submitting its recommendations well ahead of the RBI’s deadline. This initiative is expected to bring greater leadership clarity and management stability to the institution.
Although the share price of IndusInd Bank recovered from the day’s low, the stock has witnessed a decline of 25.7% over the past three months. On a year-to-date (YTD) basis, the stock is down by 19.3%, reflecting broader concerns over leadership transition and financial transparency.
Disclaimer: The article is for informational purposes only and not investment advice.
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