IndusInd Bank Ltd.

NSE: INDUSINDBK | BSE: 532187 | ISIN: INE095A01012 | Industry: Banks
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IndusInd Bank Ltd.
15 Jan 2018
744.40
1.22%

IndusInd Bank

Dolat Capital
NII, in-line, albeit lower than loan growth (25% YoY) grew 20% YoY (at ` 18,948mn during Q3FY18 led by accelerating retail loan growth (24% YoY). Subsequently, NIM remained stable at 4% in Q3FY18. Advances during Q3FY18 grew 25% YoY at ` 1,285bn led by robust disbursement in Vehicle Finance at 34% YoY and Commercial Vehicle at 39% YoY. The bank continues to focus on non-vehicle loans (current share 18%; targeted share 20% by FY20). Other income grew 17% YoY at ` 11,868mn for the quarter driven by...
IndusInd Bank Ltd. is trading at high day volume of 8.2M.
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