IndusInd Bank Q1 Review - Restructured Assets At 2.7%; Credit Growth Improved: IDBI Capital
IndusInd Bank hoading seen at its Peddar Road Branch in Mumbai, India. (Photo: BloombergQuint)

IndusInd Bank Q1 Review - Restructured Assets At 2.7%; Credit Growth Improved: IDBI Capital

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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.

IDBI Capital Report

IndusInd Bank Ltd.’s asset quality remain stable as gross non performing asset slightly inched up to 2.88% versus 2.67% q-o-q (2.53% y-o-y) led by lower slippages; slippage ratio (annualised) stood at 5.2% versus 7.2% q-o-q.

Restructured book increased to 2.7% versus 2% q-o-q which comprises of 55% vehicle, 14% non-vehicle and rest from corporate book.

IndusInd Bank reported collection efficiency at 96% for June month; however due to lockdown in specific states it was lower in April and May month.

Deposit reported strong growth of 26% y-o-y; advances growth improved to 6% y-o-y versus 3% y-o-y (FY21).

Click on the attachment to read the full report:

IDBI Capital IndusInd Bank Q1FY22 Result Update.pdf

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