New Delhi, Nov. 21 -- Private-sector lender IndusInd Bank Ltd is going through a rough phase. In this calendar year so far, the stock is down 14%, massively lagging the Nifty Bank index, which is up about 16%. Its ranking in the index has also slipped-from the top five in the last quarter to eighth place in terms of weightage as of 31 October.

For those unaware, IndusInd's journey started going downhill following its Q4FY25 results, when it reported a loss for the first time in 19 years. In the past, the bank chased faster growth by lending to segments such as microfinance loans, commercial vehicle financing and lower-rated corporate credit, which most banks approached cautiously. Together, these formed a meaningful chunk of IndusInd's l...