Indusind Bank has reported better than expected numbers in 2QFY21, as it gross slippages declined at 3.9bn v/s 15.4bn in 1QFY21. The bank has reported provision expenses 19.6bn v/s 22.6bn in the previous quarter. The bank has made additional COVID provision of 9.55bn with addition to 11.9bn made in the previous two quarters. The total COVID provisioning stood at 21.55bn. The total contingent provision (excluding PCR) stood at 1.7% of loan book. Total loan loss provisions (cumulative, COVID and contingent) stood 130% of GNPLs and 3% of book. The bank's collection efficiencies have improved significantly (~95% as on Oct-20) and one of the best among large private banks. The capital infusion (post money CET 1: 14.5%) would provide further cushion....