Provisioning led to dent in Q4: Romesh Sobti, IndusInd Bank
  • WebDesk BTVI
  • May 22 2019

Romesh Sobti, MD & CEO, IndusInd Bank, while declaring the bank’s Q4 earnings, puts speculations about its merger with Bharat Financial Inclusion to rest saying the merger is on track. Sobti said the underlining growth, such as topline growth, remained strong despite fall in net profit. He added one-off provisioning led to the dent in Q4 earnings, and that the bank has written-off about Rs 1,000 crore in this quarter.