IndusInd
IndusInd Bank Share Price: Set to outperform! Here is what Sharekhan predicts
Mon, Nov 30, 2020
Deposit growth momentum is accelerating too and the bank which saw a troubled Q4 FY2020, saw healthy growth of 8% qoq in Q2 FY21. While Retail term deposits have grown by over Rs 8000 cr, helped by digital acquisition which is 2x now and physical acquisition is 80% of pre-Covid levels. Sharekhan believes that the improving collections efficiency (CE) is an encouraging trend and the stable CASA share at 40% is positive. Asset-quality performance improved, as GNPA and NNPA ratio declined on a sequential basis to 2.21%/0.52% in Q2 FY2021.
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IndusInd Bank Q2 YoY net profit up by 52% to Rs 1401 crore
Thu, Oct 10, 2019
Private lender IndusInd Bank Ltd on Thursday announced a 50% jump in its September-quarter net profit from a year ago due to higher net interest and other income. Net Profit for the quarter is Rs. 1,401 crores as against Rs. 920 crores in the corresponding quarter of the previous year, showing a growth of 52%.
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