(Reuters) -Shares of India's IndusInd Bank tumbled 15% on Friday, set for their worst day in over four years after the lender warned it would miss its full-year loan growth target, becoming the latest lender to flag the stress in microfinance loans.

IndusInd Bank's stock fell nearly 19% on Friday, marking its largest decline in over four years, following disappointing earnings for the July–September quarter (Q2) of FY25

The sharp decline followed bank's Q2FY25 financial results, which revealed a 40 per cent year-on-year drop in net profit to Rs 1,325.5 crore

IndusInd Bank’s shares plummeted nearly 19 per cent on Friday—the worst fall in over four years—following weak earnings in the July–September quarter (Q2) of FY25, as higher provisions due to slippages in the microfinance portfolio dragged the bank’s net profit down 40 per cent year-on-year (Y-o-Y).

IndusInd Bank Stocks Today, Indusind Bank Share Price Live Today 25024: IndusInd shares in focus. The private sector lender IndusInd Bank on Thursday reported a sharp 40 per cent year-on-year (y-o-y) and 39 per cent quarter-on-quarter (q-o-q) fall in its Q2FY25 consolidated net profit at ₹ 1,

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India's IndusInd bank reported an unexpected drop in second-quarter profit on Thursday due to stress in microfinance loans, which led to higher provisions, lower asset quality and narrow lending margins.