Provisions of IndusInd Bank rose to Rs 2,522 crore from Rs 950 crore a year ago.
Market experts Ashwin Parekh and Ashutosh Mishra weigh in on IndusInd Bank's future after governance issues and poor financial results.
Parekh emphasizes on the need for rebuilding IndusInd Bank's culture and addressing fraud issues, while Mishra suggests investors to hold and wait for clarity on new leadership.
IndusInd Bank reported a net loss of Rs 2,329 crore in the fourth quarter, dealing with accounting discrepancies and management changes.