IndusInd Bank (INDUSINDBK) — Board Meeting

1 Board Meeting 🟡 Notable Neutral 📄 PDF

IndusInd Bank's Part-time Chairman Mr. Sunil Mehta will cease tenure on January 30, 2026, after completing his term. The Board approved appointment of Mr. Arijit Basu as the new Part-time Chairman and Non-Executive Independent Director for three years (January 31, 2026 to January 30, 2029), subject to shareholder approval. Basu brings extensive banking experience, including prior roles as MD & CEO of SBI Life Insurance and Chairman of HDB Financial Services, plus current independent directorships at Prudential Plc and other entities.

2 Board Meeting 🟡 Notable Neutral 📄 PDF

IndusInd Bank's Board approved Q3 FY2026 unaudited financial results on January 23, 2026. Nine-month net profit reached ₹4,904.41 crores on total income of ₹45,015.43 crores, with basic EPS of ₹62.98. Auditors issued unmodified conclusions despite prior accounting discrepancies totaling ₹3,301.38 crores (derivative trades, MFI portfolio adjustments, manual entries). The bank recognized a ₹228.96 crore employee cost impact from new Labour Code notification. Non-performing accounts stood at ₹1,483.69 crores, with ₹10,999.76 crores under project implementation across 238 accounts.

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About IndusInd Bank Limited (INDUSINDBK)

Financial Services · Banks · Listed on NSE

Market Cap: ₹69,060.4 Cr P/E: 77.7

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