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 operating performance, while higher other income drove an earnings beat.
Provisions moderated QoQ, despite the bank making additional standard provisions of Rs 9.8 billion.
Loan growth picked up sharply, led by corporate and micro finance institution/credit cards, while the vehicle book remains muted. Retail disbursements have crossed pre-Covid-19 levels across most segments.
IndusInd Bank's deposit trends continue to remain strong, led by retail term deposits.
Fresh slippages stood at Rs 26.6 billion (annualised at 5% of loans), led by MFI (Rs 10.7 billion), vehicle finance (Rs 5.9 billion), and other retail segments, while recoveries and upgrades remain strong, supporting asset quality ratios.
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