IndusInd Bank Share Price: Valuation, asset quality, earnings, provisioning and upgrade | All Explained
Management aims to recognize its asset quality pressures by accelerating credit cost in FY21 and start FY22 on a clean note. Antique Broking thinks that IndusInd Banks Covid related credit cost impact could be in the range of 3.5- 4% of loans, of which bank has covered 0.8% in first half of FY21 and are building 1.8% further in second half of FY21, paving way for much normalized credit cost in FY22.
Antique Broking downgrades FY21 earnings by 19% but upgrades FY22/23 estimates by 14-15% and retains Hold with revised Target Price of Rs 925 (Rs 670 earlier): Reuters