ICICI Direct: IndusInd Bank Logs Tepid Business Growth In Q2, NPA To Be Watched
IndusInd Bank Ltd. pamphlets are arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

ICICI Direct: IndusInd Bank Logs Tepid Business Growth In Q2, NPA To Be Watched

Bookmark

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.

ICICI Direct Report

IndusInd Bank Ltd.’s overall asset quality performance was encouraging as gross non-performing asset and net non-performing asset ratio declined by 32 basis points and 34 basis points to 2.21% and 0.52%, respectively.

Even on a standstill asset classification, asset quality performance remained healthy as GNPA and NNPA were at 2.32% and 0.61%, respectively.

Application for restructuring is minimal at approximately 5 basis points of advances and is further expected to remain in low single digits at the end of December 2020.

Click on the attachment to read the full report:

ICICI Direct IndusInd Q2FY21 Result Update.pdf

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 brokerage 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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.