Indusind Bank Limited has informed the Exchange about Shareholders meeting
INDUSINDBK · price
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IndusInd Bank has sent shareholders the notice for its 31st Annual General Meeting, scheduled for August 29, 2025 at 2:00 PM at Hotel Sheraton Grand in Pune, along with the Integrated Annual Report for FY 2024-25. The bank reported revenue of ₹26,716 crore, profit after tax of ₹2,576 crore, total balance sheet of ₹5,54,018 crore, deposits of ₹4,11,078 crore, and advances of ₹3,45,019 crore for the year. Capital adequacy ratio stood at 16.24%, with gross bad loans at 3.13% and net bad loans at 0.95%. The bank described FY25 as a 'year of reckoning' due to a derivative-related disclosure issue that triggered governance reforms under an RBI-supervised Committee of Executives. New MD & CEO Rajiv Anand is set to take charge on August 25, 2025, replacing Sumant Kathpalia who left in April 2025, while the bank continues to scale back unsecured retail lending and grow secured retail and vehicle finance.
Shareholders should attend the AGM and review the annual report for full details on the governance issues, financial performance, and the new CEO's strategic direction. The leadership transition and continued focus on governance reforms are positive signals, though the modest 1% loan growth and stress in microfinance may limit near-term upside.