IndusInd Bank Ltd.

NSE: INDUSINDBK | BSE: 532187 | ISIN: INE095A01012 | Industry: Banks
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IndusInd Bank Ltd.
28 Jul 2021
712.75
-3.78%
IDBI Capital
IndusInd's asset quality remain stable as GNPA slightly inched up to 2.88% vs 2.67% QoQ (2.53% YoY) led by lower slippages; slippage ratio (annualized) stood at 5.2% vs 7.2% QoQ. Restructured book increased to 2.7% vs 2% QoQ which comprises of 55% Vehicle, 14% non-vehicle and rest from corporate book. Bank reported collection efficiency at 96% for June month; however due to lockdown in specific states it was lower in April and May month. Deposit reported strong growth of 26% YoY; advances growth improved to 6% YoY vs 3%YoY (FY21). Management guided for credit growth of 16-18% CAGR in next 2 years which is the key monitorable along with CV cycle uptick expected in H2FY22. NII grew by 8% YoY (up 1% QoQ) while NIMs declined QoQ. Non-interest income...
IndusInd Bank Ltd. is trading at high day volume of 5.8M.
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