IndusInd Bank, backed by the Hinduja Group, reported a net profit of ₹594 crore for the quarter ending March 2026, a significant recovery from a loss of ₹2,329 crore in the same quarter last year. This turnaround was driven by a 43% increase in net interest income, which rose to ₹4,371 crore from ₹3,048 crore a year earlier. The bank's net interest margin improved to 3.39%, up from 2.25%. Despite a 11% decline in total advances to ₹3.12 lakh crore, the bank managed to contain gross slippages at ₹1,825 crore, significantly lower than ₹5,014 crore in the previous year. Provisions also saw a notable decrease of 41% to ₹1,482 crore. However, the gross non-performing asset (NPA) ratio increased to 3.43% from 3.13% a year ago, indicating a slight weakening in asset quality. The bank's capital adequacy improved marginally, with a capital to risk-weighted assets ratio (CRAR) of 17.48%. IndusInd Bank aims to transition into a growth phase starting FY27, focusing on prudent risk management and sustainable growth.