Money making magnet IndusInd Bank share poised to give 20 per cent return in January
Management expects up to a Rs 10bn hair-cut on the total exposure to IL&FS. However, given the bank’s negligible stressed pipeline on the corporate side (barring IL&FS) and low risk on its vehicle-finance portfolio, we expect its asset quality to improve from "first quarter of next fiscal year."
On IL&FS crisis having its tall on the strip, Chaudhary of Anandrathi says, "The bank’s exposure to the IL&FS group is expected to slip into NPA, leading to deterioration in its asset quality next quarter. PTI