IndusInd Bank Q4 Review - Asset Quality Improved; Restructured Book At 2.0%: IDBI Capital
The IndusInd Bank logo is displayed on a savings account opening form booklet at a bank branch in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

IndusInd Bank Q4 Review - Asset Quality Improved; Restructured Book At 2.0%: 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 improved with gross non-performing asset at 2.67% versus 2.93% QoQ (2.45% YoY) as recoveries/upgrades were higher; while slippage ratio (annualized) increased to 7.2% versus 5.0% QoQ.

Restructured book stood at 2% (versus earlier guided at 1.8%) which comprises of 65% vehicle, 17% non-vehicle and rest from corporate book.

Bank reported collection efficiency at 98% for March quarter versus 97% QoQ; however due to lockdown in specific states it declined by 1% in April month.

Deposit reported strong growth of 27% YoY while advances grew by 3%YoY.

Net interest income grew by 9% YoY (up 4% QoQ) while net interest margins remain stable QoQ.

Click on the attachment to read the full report:

IDBI Capital IndusInd Bank Q4FY21 Result Review .pdf

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