IndusInd Bank Ltd.

NSE: INDUSINDBK | BSE: 532187 | ISIN: INE095A01012 | Industry: Banks
| Risky Value

logo
IndusInd Bank Ltd.
12 Oct 2017
713.70
-3.65%
Motilal Oswal
IndusInd Bank's (IIB) 2QFY18 PAT grew 25% YoY (in-line) to INR8.8b. Strong loan growth of 24% YoY (+26% YoY in corporate loans) and a steady NIM of 4% helped keep NII growth steady at 25% YoY. Robust NII, coupled with steady fee income growth of 22% YoY, enabled the bank to deliver impressive core PPoP growth of 28% YoY. Opex continues to trail total income growth, as IIB sees improving productivity at its branches. Both corporate (+26% YoY) and consumer (+22% YoY) loans exhibited healthy growth. Vehicle loan growth recovered to 17% YoY, and was well supported by...
IndusInd Bank Ltd. is trading below all available SMAs
More from IndusInd Bank Ltd.
Recommended