IndusInd Bank Q1 Review - Mixed Quarter, Earnings Outlook Remains Strong: Anand Rathi
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Anand Rathi Report
Indusind Bank Ltd.’s Q1 FY22 asset quality deteriorated on account of higher slippages from the retail book.
Key positives from the results were-
collection efficiency: 96% in June 2021 (improved in July );
strong retail deposit growth;
sturdy balance sheet with 72% coverage and Rs 20.5 billion provision buffer; (1% of loans) and
strong liquidity and capitalisation.
With credit growth expected to pick up from the next quarter and normalising credit costs, IndusInd Bank's earnings would improve.
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