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Mumbai: Private sector lender IndusInd Bank has reported a sharp decline in its business performance for the second quarter of financial year 2025-26 (Q2 FY26), with both advances and deposits falling year-on-year (YoY) and sequentially (QoQ).

The bank’s net advances stood at Rs 3.27 lakh crore, down 8 per cent compared with the same period previous fiscal and 2 per cent lower than the previous quarter (Q1 FY26), according to its stock exchanges filing.

Net deposits also fell to Rs 3.89 lakh crore — reflecting a 5 per cent decline YoY and a 2 per cent drop quarter-on-quarter, the lender added in its filing.

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