IndusInd Bank Q1 Review - Navigating Well; Undemanding Valuations: Prabhudas Lilladher

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. .Prabhudas Lilladher Report.IndusInd Bank Ltd.’s earnings of Rs 9.75 billion (our estimate: Rs 9.97 billion) was largely in-line with net interest income growth of 8% y-o-y in line with loan growth, better fees and and a relatively elevated but flat provisions. Slippages of Rs 27.6 billion (4.5% of loans) were high with bulk from retail but also saw decent recovery/upgrades given the collection efficiency improving in June/July 2021. Prospects of recovery/upgrades remain good but should not see before end of FY22 and slippages should be lower from H2 FY22 onwards.Highlight since the lockdown has been a strong comeback on deposits led from retail taking current account and savings account to 42% from 40% and growing by average 20% which has helped IndusInd Bank on funding cost with further room ahead. .Click on the attachment to read the full report:.DISCLAIMERThis 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.

IndusInd Bank Q1 Review - Navigating Well; Undemanding Valuations: Prabhudas Lilladher

IndusInd Bank Q1 Review - Navigating Well; Undemanding Valuations: Prabhudas Lilladher

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