IndusInd Bank share price today: Sharekhan maintained a Buy rating with a revised price target of Rs 1340
IndusInd Bank share price today: IndusInd Bank has a strong asset quality position (with front-loaded provisions) that has led to an improved balance sheet. Healthy capitalisation places it well to capture growth in FY22E and FY23E. A sequential improvement by IndusInd Bank in collection efficiency (CE) (overall vehicles CE is at 96.9%, while for MFIs it is at 94.4%) augurs well.
IndusInd Bank has strengthened its balance sheet by improving provision coverage ratio to 87% as of December 2020: Reuters