IndusInd Bank Ltd. News and Updates

Name: Latest research reports of IndusInd Bank Ltd. authored by Emkay and published by - Trendlyne research reports.
Item: IndusInd Bank Ltd.
Rating: 3
Author: Emkay

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IndusInd Bank Ltd.

15 Oct 2018, 12:00AM

882.15

0.13%

IIB reported a PAT of Rs9.2bn (up ~4.6% yoy), lower than our/consensus estimates, as it m...

Hold: IndusInd Bank Ltd.

Target

Emkay

IIB reported a PAT of Rs9.2bn (up ~4.6% yoy), lower than our/consensus estimates, as it made a contingent provision of Rs2.75bn for its ILFS exposure. Though the total exposure to the group is undisclosed, we assume the provision is ~25% of the exposure. Operational performance was healthy with advances growth of 32.4% yoy to Rs1631bn, while deposits grew ~18.9% yoy to Rs1682bn. NII remained in line at Rs22bn (21% yoy);...

IndusInd Bank Ltd. is trading above its 150 day SMA of 874.2

IndusInd Bank Ltd.

15 Oct 2018, 12:00AM

882.15

0.13%

IndusInd Bank

Buy: IndusInd Bank Ltd.

Target

Dolat Capital

Key positives were a robust loan growth 32% YoY, rationalizing costs and stable asset quality. The drags have been higher prudential provisions on exposure to IL&FS; and higher funding costs. Secularly robust loan growth driven by large and mid-corporates and consumer finance. Vehicles led the growth in consumer finance with a 28% YoY. Apart from LAP, all its product suites have shown appreciable traction. We expect the growth trajectory to continue. We believe the share of corporate is likely to continue to increase in line with opportunities...

IndusInd Bank Ltd. has lost -38.91% in the last 1 Year

IndusInd Bank Ltd.

15 Oct 2018, 12:00AM

882.15

0.13%

IndusInd Bank

Buy: IndusInd Bank Ltd.

Target

JM Financial

Operationally strong ; IL & FS exposure leads to PAT miss IndusInd Bank reported an operationally strong quarter in 2QFY19, with operating profit up 22% YoY (in-line with JMFe). However, IIB's PAT missed our estimates by 15%, largely driven by elevated provisions on account of exposures to the IL &FS; group (currently classified as standard). IIB made contingency provisions of INR 2.75 bn against the account (14% of PPoP), resulting in flattish PAT in 2QFY19 (+4.6% YoY). The exposure to the group, although not quantified by management, is on 2 counts a) At the SPV level to a completed and currently tolling tunnel project (AAA rated recently) and b) At the holdco level, where IIB has...

IndusInd Bank Ltd. has an average target of 881.60 from 12 brokers.

IndusInd Bank Ltd.

15 Oct 2018, 12:00AM

882.15

0.13%

Operationally on track; asset quality overhang remains

Buy: IndusInd Bank Ltd.

Target

Motilal Oswal

15 October 2018 IIBs PAT grew by a muted 5% YoY to INR9.2b in 2QFY19 due to contingent provision of INR2.8b (toward infra group). NII rose 21% YoY, while the NIM moderated 16bp YoY on account of higher funding cost. Total income grew by just 17% YoY due to muted income growth (+11% YoY) on account of weak treasury gains. Core fee increased 20% YoY, led by distribution income growth of 18%. Controlled opex growth of 11% YoY enabled 22% YoY growth in PPoP (30% YoY growth in core PPoP). Loan growth stood at 32% YoY, led by robust growth in the corporate segment. Consumer portfolio grew 29% YoY (+6% QoQ), led by strong traction in CV loans, equipment financing and credit card segments. Share of retail loans to total book stands at 39% (45% incl. IIB sold INR1b of loans to ARCs.

IndusInd Bank Ltd. has an average target of 881.60 from 12 brokers.

IndusInd Bank Ltd.

12 Oct 2018

882.15

0.13%

IndusInd launches credit cum debit card, but it may confuse customers

Business Today

A credit card cum debit card might seem like a strange idea, but IndusInd bank is offering its customers the benefit of both, in one card. The card looks like any other debit or credit card except the fact that there are two chips placed on either end of it.

IndusInd Bank Ltd. is trading above its 150 day SMA of 874.2

IndusInd Bank Ltd.

04 Oct 2018

882.15

0.13%

Venture debt firm Alteria makes second close of maiden fund at 625 crore

livemint

Alteria, started in October last year, secured commitments from anchor investors such as IndusInd Bank and Sidbi

IndusInd Bank Ltd. has lost -38.91% in the last 1 Year

IndusInd Bank Ltd.

02 Oct 2018

882.15

0.13%

Investors to gain more with Bharat Fin than IndusInd

Economic Times

As per the merger agreement both are scheduled to unite in the next three months.

IndusInd Bank Ltd. has an average target of 881.60 from 12 brokers.

IndusInd Bank Ltd.

26 Sep 2018

882.15

0.13%

IndusInd Bank gets regulatory clearance to buy IL&FS; Securities Services

Business Standard

The closure of the transaction was underway, subject to the fulfilment of all conditions precedent specified in the share-purchase agreement, the Mumbai-based bank said in its disclosure