IndusInd Bank Q4 Review - In-Line Performance; Business Momentum Reviving Steadily: Motilal Oswal
IndusInd Bank Ltd. pamphlets are arranged for a photograph in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

IndusInd Bank Q4 Review - In-Line Performance; Business Momentum Reviving Steadily: Motilal Oswal

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Motilal Oswal Report

IndusInd Bank Ltd. reported a stable Q4 FY21, with an in line performance.

On the business front, deposits grew 7% QoQ, while loan growth is seeing a revival.

On the asset quality front, gross non-performing asset ratio improved sequentially and stood at 2.67%/0.69%, with provision coverage ratio ~75%.

In addition to this, the bank holds a Covid-19 related provision buffer at 75 basis points of loans.

Restructured book stood at 2% of loans (slightly higher than the guided 1.8%), largely from the vehicle portfolio.

With the rise in Covid-19 cases and a recent lockdown in a few Indian states, we remain watchful as micro finance institution and commercial vehicle are the most impacted segments.

Click on the attachment to read the full report:

Motilal Oswal IndusInd Bank Q4FY21 Result Review.pdf

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