Anand said the bank had resumed growth in its wholesale loan book while maintaining stability across its SME and retail portfolios. Deposit mobilisation also continued to strengthen, allowing the lender to improve growth without compromising portfolio quality.
“Growth momentum has been achieved without compromising portfolio quality,” Anand said, adding that annualised slippages had improved both year-on-year and sequentially. The microfinance (MFI) portfolio had also seen a material improvement in asset quality, resulting in what he described as “structurally stronger credit outcomes”.
Looking ahead, the bank plans to deepen the use of artificial intelligence across customer service and other operational areas to improve efficiency and customer experience.
No immediate need to raise capital
Anand said the bank remains focused on achieving a 1% return on assets (RoA), describing the June quarter as an important milestone in its turnaround journey. Strategic actions taken over the past year had considerably strengthened the bank’s earnings profile, leaving it well positioned to deliver steady performance and create long-term stakeholder value.
On capital, Anand ruled out any immediate fundraising despite having shareholder approval in place.
“There is no need for us to raise capital at this point of time. We have an enabling resolution only; there is no requirement to raise capital at this time,” he said.
Commenting on the Reserve Bank of India‘s FCNR deposit window, Anand said it was too early to estimate how much liquidity would ultimately enter the banking system, as it would depend on how the central bank chose to deploy the inflows. He added that IndusInd expected to receive FCNR deposits broadly in line with its market share.
Also Read: IndusInd Bank Q1 profit jumps 47% as bad loans improve, provisions fall; beats estimates
The comments came after IndusInd Bank reported a 46.5% year-on-year rise in first-quarter net profit to ₹1,002.5 crore, comfortably beating CNBC-TV18’s estimate of ₹725 crore. Net interest income rose 1% to ₹4,685 crore, while net interest margin improved to 3.57%.
Asset quality also strengthened, with gross NPAs easing to 3.25% from 3.43% in the previous quarter and net NPAs declining to 0.95%. Lower provisions further supported profitability during the quarter.
