IndusInd Bank, headquartered in Mumbai, is optimistic about returning to industry-aligned growth by FY27 after a tumultuous year characterized by accounting discrepancies in its derivatives portfolio and issues in its microfinance sector. In the March quarter, the bank's loan book decreased by 8% year-on-year to ₹3.15 trillion, while deposits fell 3% to ₹3.99 trillion. However, a significant reduction in provisioning and improved asset quality enabled the bank to report a net profit of ₹594 crore, recovering from a loss of ₹2,329 crore in the same quarter last year. This turnaround follows a period of governance and risk-control changes, including leadership shifts. Managing Director Rajiv Anand stated that the bank is focusing on cautious growth, prioritizing risk-adjusted returns over rapid expansion, especially in light of geopolitical uncertainties affecting lending to small and medium enterprises. The microfinance portfolio saw a drastic decline of 42%, but collections have stabilized, allowing for gradual scaling of disbursements moving forward.