BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
IDBI Capital Report
IndusInd Bank Ltd.’s deposit growth continues, it reported 8% QoQ increase versus 5% QoQ (Q1 FY21) led by higher interest rates on term deposits.
However, management guided for decline in deposit rates from Q3 FY21 which needs to be watch out for impact on deposit franchise.
Bank reported collection efficiency at 94.7% for September month and improved to 95.6% as on date.
Net interest income grew by 13% YoY led by improvement in margins; however non-interest income declined by 10% YoY (up 2% QoQ) due to lower retail disbursements.
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