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Further, Crisil Ratings has reaffirmed its 'Crisil A1+’ rating on the short-term debt instruments of the bank.
Crisil Ratings stated that the revision in outlook factors in the gradual improvement in the earnings profile, stabilisation in the deposit franchise with increasing share of granular deposits, and the strategic shift in lending to relatively stable asset segments.
The bank reported profit of Rs 1,037 crore and return on assets (RoA) of 0.8% for the first quarter of fiscal 2027 (Rs 889 crore and 0.2%, respectively for fiscal 2026), driven by lower credit cost and better operating profit. Credit cost declined to around 1% for this period, from 1.5% for fiscal 2026.
Pre-provisioning profit (PPoP), as a percentage of average assets, has improved to 2.0% for the first quarter of fiscal 2027, as against 1.7% in fiscal 2026. Sustained improvement in profitability remains key monitorable.
With respect to the liability franchise, the bank has been reducing its reliance on high-cost deposits and focusing on more granular deposits. As a result, share of average retail deposits stood at 49.5% for the quarter ended June 30, 2026, as against 47.9% in the previous quarter.
This has also led to a drop in cost of deposits to 5.95%, from 6.07% for the previous quarter and 6.44% for the corresponding period of the previous fiscal. Sustained growth in retail deposits and improvement in the cost of deposits vis-à-vis peers remains monitorable for the bank.
On the assets side, the bank has adopted a balanced strategy and is focused on building a diversified loan portfolio across retail, SME and corporate loan segments. While it will leverage its strong presence in the vehicle finance and microfinance segments, it will also scale up secured asset classes, including home loans.
Further, the SME portfolio is likely to gradually build up and contribute 10–15% of the overall loan book over the medium term.
The ratings continue to reflect healthy capitalisation of the bank, with a high core equity ratio and adequate pre-provisioning profitability. However, these strengths are partially offset by the bank’s average asset quality and modest resource profile vis-à-vis peers.
IndusInd Bank is a new-generation private-sector bank. The bank has a pan-India presence, with around 6,560 branches and 2,853 automated teller machines (ATMs) as on 30 June 2026. It also has representative offices in Dubai, Abu Dhabi and London. It has four divisions: corporate and commercial banking, consumer banking, global markets group, and transaction banking.
The bank reported a 46.51% year-on-year (YoY) increase in standalone net profit to Rs 1,002.50 crore for the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 684.25 crore in the corresponding quarter last year. The lender's total income, however, declined 9.19% YoY to Rs 13,095.30 crore during the quarter.
The scrip shed 0.15% to currently trade at Rs 1010.40 on the BSE.
IndusInd Bank Ltd lost 2.03% today to trade at Rs 1011.05. The BSE BANKEX index is down 0.59% to quote at 64887.93. The index is down 1.97 % over last one month. Among the other constituents of the index, State Bank of India decreased 1.05% and AU Small Finance Bank Ltd lost 1.03% on the day. The BSE BANKEX index went up 5.29 % over last one year compared to the 3.36% fall in benchmark SENSEX.
IndusInd Bank Ltd has lost 1.57% over last one month compared to 1.97% fall in BSE BANKEX index and 0.33% drop in the SENSEX. On the BSE, 1629 shares were traded in the counter so far compared with average daily volumes of 3.91 lakh shares in the past one month. The stock hit a record high of Rs 1077.8 on 22 Jul 2026. The stock hit a 52-week low of Rs 710.85 on 26 Sep 2025.
The Bank stated that this lifetime-free card brings you Rs 21,495 every year, including Rs 18,000 in annual extra dining savings through payments on the EazyDiner app, a complimentary BookMyShow ‘Buy One Get One' movie ticket every month worth Rs 2,400 annually, and a three-month complimentary EazyDiner Prime membership worth Rs 1,095.
Shares of Kaynes Technology India are banned from F&O trading on 23 July 2026.
Earnings to Watch:
Infosys, Cipla, Motilal Oswal Financial Services, Meesho, Mphasis, Route Mobile, Vishal Mega Mart PVR Inox, Banaras Beads, Capital Small Finance Bank, Chennai Petroleum Corporation, Cipla, Coromandel International, Indiabulls and Indian Energy Exchange (IEX), Fractal Analytics will declare their results later today.
Stocks to Watch:
Shoppers Stop’s consolidated net loss narrowed to Rs 14.25 crore in Q1 FY27 comapred with Rs 15.74 crore in Q1 FY26. Revenue from operations jumped 11.22% YoY to Rs 1,291.41 crore in Q1 FY27.
IndusInd Bank reported a 46.51% year-on-year (YoY) increase in standalone net profit to Rs 1,002.50 crore for the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 684.25 crore in the corresponding quarter last year. The lender's total income, however, declined 9.19% YoY to Rs 13,095.30 crore during the quarter.
Hindustan Petroleum Corporation of India (HPCL) reported consolidated net loss of Rs 11,526.41 crore in Q1 FY27 compared with net profit of Rs 4,370.87 crore in Q1 FY26. Revenue from operations (excluding excise duty) jumped 26.93% YoY to Rs 1,39,889.86 crore in Q1 FY27.
Dr Reddy’s Laboratories’ consolidated net profit tumbled 68.72% to Rs 443.5 crore in Q1 FY27, compared with Rs 1,417.8 crore in Q1 FY26. Revenue from operations fell 5.56% YoY to Rs 8,070.5 crore in Q1 FY27.
Schaeffler India reported 13.47% jump in consolidated net profit to Rs 325.78 crore in Q1 FY27 compared with Rs 287.11 crore in Q1 FY26. Revenue from operations climbed 17.34% YoY to Rs 2,760.55 crore in Q1 FY27.
On a consolidated basis, net profit rose 71.68% to Rs 1,037.05 crore despite a 9.18% fall in total income to Rs 13,096.47 crore in Q1 FY27 over the year-ago period.
Net interest income (NII) increased marginally to Rs 4,685 crore in Q1 FY27 from Rs 4,640 crore in Q1 FY26. Net interest margin (NIM) stood at 3.57% in Q1 FY27 as compared to 3.46% in Q1 FY26.
Pre-provision operating profit (PPOP) rose 8.02% to Rs 2,773 crore from Rs 2,567 crore in the corresponding quarter last year.
As of 30 June 2026, total deposits increased 4.44% YoY to Rs 4,14,766 crore from Rs 3,97,144 crore. Advances, however, declined 2.22% to Rs 3,26,274 crore from Rs 3,33,694 crore a year earlier.
CASA deposits stood at Rs 1,22,060 crore, comprising current account deposits of Rs 34,620 crore and savings account deposits of Rs 87,440 crore. CASA deposits accounted for 29.43% of the bank's total deposits as of 30 June 2026.
The bank's asset quality improved during the quarter. Gross non-performing assets (GNPA) declined to 3.25% of gross advances as of 30 June 2026 from 3.43% as of 31 March 2026 and 3.64% a year earlier. Net non-performing assets (NNPA) also improved to 0.95%, compared with 1.00% at the end of March 2026 and 1.12% as of 30 June 2025.
The provision coverage ratio (PCR) stood at 71.42% as of 30 June 2026. Provisions and contingencies (excluding tax) fell to Rs 1,384 crore during the quarter from Rs 1,760 crore in the corresponding period of the previous year.
The bank further strengthened its capital position, with the Basel III capital adequacy ratio improving to 17.15% as of 30 June 2026 from 16.63% a year earlier. Tier-I capital adequacy ratio rose to 16.10% from 15.48%, while risk-weighted assets stood at Rs 4,06,618 crore, compared with Rs 4,09,810 crore as of 30 June 2025.
Rajiv Anand, the MD and CEO, IndusInd Bank said: “During Q1FY27, we continued to execute our strategic priorities with an emphasis on disciplined growth, balance sheet resilience and franchise quality. Supported by an experienced leadership team and sharper execution capabilities, we are advancing our growth agenda while maintaining prudent risk management.
We are building a diversified portfolio across retail, SME and rural businesses, including expanding the rural franchise beyond microfinance. At the same time, our investments in technology and AI-led capabilities are enhancing customer experience and overall productivity, strengthening our ability to deliver sustainable growth”
Meanwhile, the board approved a proposal to raise up to Rs 20,000 crore through the issuance of debt securities on a private placement basis or through any other permitted mode, subject to shareholders' approval and the requisite regulatory and statutory clearances.
The board also approved plans to raise up to Rs 10,000 crore through the issuance of equity instruments and/or convertible debt securities. The fundraising may be undertaken via American Depository Receipts (ADRs), Global Depository Receipts (GDRs), Qualified Institutional Placement (QIP), or other permissible routes, subject to shareholders' approval and necessary regulatory and statutory approvals.
IndusInd Bank offers a wide range of products and services for individuals and corporates, including microfinance, personal loans, personal and commercial vehicle loans, credit cards and SME loans. As of June 30, 2026, the Bank’s distribution network included 3,137 branches/ Banking outlets and 2,853 onsite and offsite ATMs, The client base stood at approximately 42 million as on June, 2026.
The scrip rose 0.53% to settle at Rs 1,069.90 on the BSE.
IndusInd Bank Ltd is up for a fifth straight session today. The stock is quoting at Rs 1057.7, up 2.41% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.27% on the day, quoting at 24172.8. The Sensex is at 77442.96, down 0.34%. IndusInd Bank Ltd has gained around 14.84% in last one month.
Meanwhile, Nifty Bank index of which IndusInd Bank Ltd is a constituent, has gained around 0.02% in last one month and is currently quoting at 57945, down 0.04% on the day. The volume in the stock stood at 28.22 lakh shares today, compared to the daily average of 23.05 lakh shares in last one month.
The benchmark July futures contract for the stock is quoting at Rs 1056.7, up 2.07% on the day. IndusInd Bank Ltd is up 25.44% in last one year as compared to a 3.54% slide in NIFTY and a 2.05% slide in the Nifty Bank index.
The PE of the stock is 86.22 based on TTM earnings ending March 26.
GAIL (India) Ltd, IndusInd Bank Ltd, Punjab National Bank, Apollo Hospitals Enterprise Ltd are among the other stocks to see a surge in volumes on BSE today, 20 July 2026.
JSW Steel Ltd witnessed volume of 4.56 lakh shares by 10:46 IST on BSE, a 7.82 times surge over two-week average daily volume of 58313 shares. The stock increased 1.68% to Rs.1,259.20. Volumes stood at 87591 shares in the last session.
GAIL (India) Ltd clocked volume of 15.69 lakh shares by 10:46 IST on BSE, a 6.33 times surge over two-week average daily volume of 2.48 lakh shares. The stock gained 0.53% to Rs.172.15. Volumes stood at 1.6 lakh shares in the last session.
IndusInd Bank Ltd clocked volume of 10.28 lakh shares by 10:46 IST on BSE, a 6.29 times surge over two-week average daily volume of 1.63 lakh shares. The stock lost 0.70% to Rs.1,020.00. Volumes stood at 98832 shares in the last session.
Punjab National Bank notched up volume of 45.36 lakh shares by 10:46 IST on BSE, a 5.41 fold spurt over two-week average daily volume of 8.39 lakh shares. The stock rose 4.11% to Rs.110.15. Volumes stood at 4.2 lakh shares in the last session.
Apollo Hospitals Enterprise Ltd clocked volume of 71002 shares by 10:46 IST on BSE, a 4.22 times surge over two-week average daily volume of 16821 shares. The stock gained 0.44% to Rs.8,860.00. Volumes stood at 14875 shares in the last session.