Dolat Capital: IndusInd Bank Q2 Review - Building On Credit Reserves
People stand outside a branch of IndusInd Bank Ltd., near the Bombay Stock Exchange in Mumbai, India. Photographer: Dhiraj Singh / Bloomberg

Dolat Capital: IndusInd Bank Q2 Review - Building On Credit Reserves

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.

Dolat Capital Report

IndusInd Bank Ltd. reported a healthy net interest income growth at 13% YoY despite muted loan growth at 2% YoY and net interest margin contraction.

Operating profits were up 18%, and benefited from a strong sequential comeback in fee lines (excluding IB fees).

Even including the non-performing assets under standstill, gross NPA ratio would have declined QoQ by 20 basis points to 2.3% led by higher recoveries/write-offs and limited slippages.

Click on the attachment to read the full report:

Dolat Capital Indusind Bank Q2FY21 Result Update.pdf

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