IndusInd Bank Q1 profit drops 72% to Rs 604 crore
MUMBAI: IndusInd Bank returned to profit in Q1FY25, although net profit fell sharply by 72.2% to Rs 604.1 crore from Rs 2,170.7 crore a year earlier. The decline was driven by higher provisions and a contraction in core lending profitability, even as other income more than tripled. The bank had reported a loss of Rs…