ICICI Bank, India's second-largest private lender, reported a bigger-than-expected second-quarter profit on Saturday, helped by healthy loan growth and core lending income, even as lending margins shrunk.

Shares of IndusInd bank cracked by 15 per cent, hitting the lower circuit after reporting poor Q2 results. On Thursday, October 24, the private sector lender IndusInd Bank announced its results for the quarter ended September 2024 reporting a 39% YoY drop in its net profit that stood at Rs 1,

India's Yes Bank reported a bigger-than-expected rise in net profit for the July-September quarter on Saturday, helped by an increase in core lending income and a drop in provisions.

IndusInd Bank shares fell 15% to ₹1,088, a 52-week low, after disappointing Q2 results. Analysts lowered target prices, with Motilal Oswal at ₹1,500 and Nuvama at ₹1,290, citing weak earnings and deteriorating asset quality.

India's IndusInd bank reported an unexpected drop in second-quarter profit on Thursday due to stress in microfinance loans, which led to higher provisions, lower asset quality and narrow lending margins.

Shares of India's IndusInd Bank slid 10% in early trade on Friday, a day after the private lender said it would not meet its full-year loan growth forecast after an unexpected drop in second-quarter profit due to stress in microfinance loans.