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