IndusInd Bank - Will Remain Proactive On Provisioning; Strengthening Liabilities: Nirmal Bang
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 - Will Remain Proactive On Provisioning; Strengthening Liabilities: Nirmal Bang

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.

Nirmal Bang Report

We recently hosted IndusInd Bank Ltd. at our virtual conference. Following are the key takeaways from the meeting.

  • Second half of April 2021 was affected due to resurgence in Covid-19 cases and resultant lockdowns. We may see some economic recovery June 2021 onwards, which should translate into better disbursal trends.

  • Maharashtra has seen some bit of improvement. North India is doing fine. South India and West India are expected to see some lag.

  • May 2021 disbursements were lower month-on-month. June-21 should see improvement. Overall, FY22 is expected to be better than FY21.

  • Bharat Money stores will be ramped up in the current and next year and will be increased to 100,000.

Click on the attachment to read the full report:

Nirmal Bang Indusind Bank-Company Update-14 June 2021.pdf

DISCLAIMER

This 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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.