IndusInd Bank Ltd. share price target

IIB's earnings of Rs3.0bn (PLe: Rs3.3bn) were in-line with expectation as bank made high provisions to improve its PCR to 63% from 53% sequentially, which was lagging behind peers. Slower earnings trajectory was also on back of Rs5.5-6.0bn of higher provisions for potential COVID impact & on stressed telecom sector. Overall PPOP performance was better with strong NII led by expansion in NIMs of 10bps sequentially, contrary to expectations, while opex control also helped. With IIB's diversified book it is vulnerable to weak macroeconomics and could see higher prolonged stress. In view with this,...

The management had recognised exposure of | 961 crore as fraud in Q3FY20, to be provided through P&L; account in four quarters. Consequently, the bank has recognised | 240 crore in Q3FY20, | 240 crore in Q4FY20. Remaining, | 480 crore is to be provided in next two quarters. The bank has provisioned | 75 crore for a stressed telecom exposure. To shore up provision coverage amid Covid-19 uncertainty, floating provision of | 260 crore was been created. The bank said advances in low single digit opted for moratorium. Such exposure was at ~| 460 crore while 5% has...

IndusInd Bank's (IIB) Q4FY20 PAT at Rs 3bn (16% YoY) was ahead of estimates due to an NII beat.

We continue to see stable asset quality, but situation remains fluid. We revised our estimates for FY20-22E and now value the stock at 0.8x FY22E BVPS, with a revised target price of Rs. 503 and continue to retain BUY as valuation looks attractive at current levels. Corona update and impact on industry Coronavirus pandemic continues to disrupt economy with number of infected people crossing +1.4mn globally (~90k deaths). India imposed a 21 day nation-wide lockdown (from 25th Mar) to contain the spread and could potentially extend it for few...

IndusInd Bank (IIB) hosted an analyst call to address the implications of Covid-19 on its portfolio.

NIM improved; Asset quality stable for now IndusInd Bank (IIB), a part of the Hinduja Group, provides loans for vehicles, property, etc. in its consumer finance division, while the corporate banking...

Q3FY20 GDP: Growth to recover in FY21. IIB: Leadership overhang recedes

As per a press release on the exchanges, IndusInd Bank (IIB) has received RBI approval to appoint Sumant Kathpalia as MD & CEO for three years beginning 24 March.

Indusind bank has emerged as one of the fastest growing banks in the banking sector in India.The products & services offered by the company includes personal banking offers a wide range of products & services like deposits,loans,investment,insurance,forex services ,demat servoces ,online services & wealth management services.NRI banking offers money transfer,investment products such as international deposits,mutual funds,online share trading etc.The bank also offers property solutions & insurance loans.Business banking caters to SMEs, retail,NRI & other...

IndusInd Bank has posted net profit to Rs 1300.20 crore for the quarter ended December 2019 (Q3FY2020), which has been impacted to higher credit cost and elevated fresh slippages of loans. The figures for Q3FY2020 and 9MFY2020 include the figures of Bharat Financial Inclusion on account of completion of merger. Stable asset quality: Bank has maintained stable asset quality in Q3FY2020. However, the...