IndusInd Bank Q3 Earnings Brief IndusInd Bank reported a sharp decline in profitability for the third quarter, with net profit plunging **91%** to **₹128 crore**. The steep fall is primarily attributed to deteriorating asset quality and a substantial increase in provisions. Despite the significant year-on-year drop, the bank has successfully returned to the black. This performance marks a recovery from the previous quarter, which saw a net loss driven by heavy provisioning for microloans and complications arising from derivative misreporting. The current quarter reflects ongoing challenges in loan book quality, necessitating continued financial caution through elevated provisioning coverage.