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IndusInd Bank Q4 Results Review: Systematix Maintains 'Hold' On Rock Bottom Valuations

Peak of credit costs, clarity on sustainable net interest margins and management succession remain key monitorables for IndusInd Bank, says the brokerage.

<div class="paragraphs"><p>IndusInd Bank's deposit growth was muted at 0.4% QoQ, 6.8% YoY impacted by the temporary dip due to derivatives accounting disclosure on Mar’10.</p><p>(Photo: Vijay Sartape/NDTV Profit)</p></div>
IndusInd Bank's deposit growth was muted at 0.4% QoQ, 6.8% YoY impacted by the temporary dip due to derivatives accounting disclosure on Mar’10.

(Photo: Vijay Sartape/NDTV Profit)

IndusInd Bank disclosed P&L impact of Rs 49 billion, nearly half of that were disclosed prior to the results in Mar and April 2025 which comprised of Rs 19.6 billion due to discrepancies in derivatives book and Rs 4.22 billion due to incorrect interest and fee income recognition.
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