The markets were disappointed because IndusInd Bank reported a sharp rise in provisions for bad loans despite a 33% growth in profits. Markets were hoping that the worst case scenario would have played out for the banks but that does not appear to be so. The stock had corrected sharply after Yes Bank and IndusInd Bank had showed huge divergences between the RBI mandated NPA disclosure and the ones disclosed by banks in their annual reports. That is when the exposure of IndusInd Bank to vulnerable groups like Jet Airways and others became visible. Markets were largely disappointed that the bank had yet not put those asset problems behind.