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.
Motilal Oswal Report
IndusInd Bank Ltd. reported an in line earnings performance. However, credit cost in Q1 FY22 stood elevated on account of higher slippages in the retail portfolio.
Net interest income growth remained muted due to moderation in loan growth.
Net interest margin declined by 7 basis point q-o-q to 4.06% due to excess liquidity.
Deposit trends continue to remain strong, led by retail deposits.
IndusInd Bank's fresh slippages stood at Rs 27.6 billion (annualised 5.2% of loans), predominantly led by retail (Rs 23.4 billion), with higher slippages in the micro finance institution/vehicle segment.
This was largely due to the hampering of collections over April-May 2021.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR