IndusInd Bank Ltd(INDUSINDBK)

NSE: INDUSINDBKBSE: 532187

₹ 844+1.08%refreshed 26 Oct, 10:30 am ISTMarket cap: ₹ 65,760 crWebsite: www.indusind.comUpdated: 24 Oct 2026

About

IndusInd Bank is India's fifth-largest private sector bank, serving more than 42 million customers through 9,535 touchpoints as of FY26. It holds a 35-year leadership in vehicle finance and ~46% market share in retail customer liabilities among IBUs at IFSC GIFT City. Its loan book stood at ₹3,63,104 cr in Q2 FY27.^[1][2]

Business segments

Retail Banking contributed 62.9% of segment revenue in FY26, Corporate/Wholesale Banking 18.9% and Treasury Operations 18.2%.^[3]

Loan book composition

Total loans were ₹3,63,104 cr in Q2 FY27, up 11% YoY and 11% QoQ; average loans rose 9% QoQ.^[2]
Consumer Banking book was ₹76,341 cr in Q2 FY27 (21% of loans), up 38% YoY and 36% QoQ, including ₹16,564 cr of advances linked to retail FCNR(B) deposits.^[2]
Commercial Banking, Mid Market and Others reached ₹56,947 cr in Q2 FY27 (16% of loans), up 12% YoY and 13% QoQ.^[2]
Home loans rose 39% YoY to ₹7,733 cr in Q2 FY27; personal loans fell 7% YoY and credit cards 15% YoY.^[2]
Vehicle Finance loan book reached Rs.99,876 cr in FY26; Consumer Finance Division handled ~3 million loans totalling Rs.1,02,715 cr, covering HCVs, LCVs, autos, two-wheelers, tractors, and construction equipment.^[1]
SME loan book reached Rs.44,347 cr in FY26.^[1]
Micro loan book (BFIL-originated) stood at Rs.16,305 cr in Q1 FY27, down 3% QoQ and 26% YoY, with ~52 lakh active borrowers across 3,427 branches in 23 states.^[4]

Key operating metrics

NIM was 3.23% in Q2 FY27 vs 3.57% in Q1 FY27.^[2]
GNPA fell to 2.73% in Q2 FY27 from 3.25% QoQ; NNPA to 0.83% from 0.95%; PCR was 70% vs 71%.^[2]
Gross slippages were ₹1,460 cr and credit cost 1.40% in Q2 FY27, vs credit cost of 1.74% in Q1 FY27.^[2][4]
CRAR was 16.59% in Q2 FY27, down 51 bps YoY, with Tier 1 at 15.55%.^[2]
RoA improved to 0.87% in Q2 FY27 from 0.78%; RoE was 7.37% vs 6.26% QoQ.^[2]
Other income was ₹2,248 cr in Q2 FY27, up 36% YoY and 26% QoQ, while opex fell 2% YoY.^[2]

Deposits and liabilities

Deposits grew 10% YoY and 3% QoQ in Q2 FY27; cost of deposits was 5.96% vs 5.95% in Q1 FY27.^[2][4]
Retail deposit share was 49.0% in Q2 FY27 vs 49.5% in Q1 FY27.^[2]
In Q4 FY26 all incremental deposits were retail in nature, with net retail deposit additions of Rs.6,800 cr.^[5]

Distribution and reach

Total touchpoints stood at 9,535 at end-FY26: 3,136 branches and banking outlets, 3,427 BFIL branches, 102 Vehicle Finance marketing outlets, and 2,870 ATMs.^[1]
Branch network by geography in FY26: South 27%, North 22%, East 20%, West 18%, Central 13%; by settlement: Metro 28%, Urban 25%, Semi-Urban 23%, Rural 24%.^[1]
Specialist infrastructure in FY26 includes 129 MSME branches, 19 PIONEER branches, 753 rural branches, 713 semi-urban branches, and 6 currency chests.^[1]
International presence: IBU at GIFT City with balance sheet of $2.66 bn (FY26, provisional), representative offices in Dubai and Abu Dhabi, and 198 NRI-focused branches.^[1]
85,000+ active Bharat Money Stores provide doorstep banking in remote areas as of FY26.^[1]

Products and digital platforms

INDIE mobile banking platform has 4.8 million registered users (MAU rate 58%) as of FY26 and 6.6 million+ installs; digitally acquired assets book grew 19% YoY in FY26.^[1]
INDIE for Business serves 2.3 lakh MSME clients; as of Q2 FY26 MAU grew 122% QoQ.^[6]
PIONEER (HNI/UHNI wealth) customer base grew 31% in FY26; PIONEER Private (UHNI) customer base doubled in FY26.^[1]
Digital gateway hosts over 500 APIs for fintech partners as of FY26; AI platforms serve 15,000+ monthly users with 50+ ML models live as of Q1 FY27.^[1]

Market position

Vehicle Finance has held leadership across vehicle categories for over 35 years; market share is ~7.5% with a target to recover to 9%.^[1]
IBU at GIFT City held ~46% market share in retail customer liabilities among IBUs at IFSC GIFT City as of December 31, 2025.^[1]
Supply Chain Finance won 8 'Best Supply Chain Solution' awards at the Asset Triple A Treasurise Awards 2025, the 7th consecutive year of recognition.^[1]

Strategy and targets

Management targets normalized RoA of 1% at exit FY27, with 60% of improvement from PPOP growth and 40% from credit cost reduction.^[4]
ECL transition one-time impact guided at 1 - 1.5% of loan book, effective April 2027; no equity raise planned for at least one year as of Q1 FY27.^[4]
Rural mix target: ~7% micro loans, ~3 - 4% Bharat Superstores, and ~3 - 4% other rural products (micro-LAP, affordable housing) as share of total book.^[4]
Vehicle branch co-locations to expand from ~300 to ~600 over 6 - 9 months from Q4 FY26; deposits from vehicle customers grew 35% in FY26.^[5]
12,000+ employees trained on AI as of Q1 FY27; carbon neutrality in own operations targeted by 2032.^[4]

Market Cap

₹65,760 Cr

High / Low

₹1,078 / 750

Stock P/E

49.2

Price / Book

1.0

Book Value

₹834

EPS

₹11.4

No. of Shares

77.91 Cr

ROE

1.4%

Sales

₹46,251 Cr

Net Profit

₹889 Cr

Promoter holding

15.8%

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IndusInd Bank Ltd(INDUSINDBK)

About

Business segments

Loan book composition

Key operating metrics

Deposits and liabilities

Distribution and reach

Products and digital platforms

Market position

Strategy and targets

Signal history

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