Earnings in line; growth outlook remains healthy

Company
19 Jan 2024
5 Min read 
  • IndusInd Bank's 3QFY24 performance was in line with expectations.
  •  Loan growth was strong, driven by both corporate and consumer finance.
  •  Fresh slippages increased, mainly in the corporate book.
  •  GNPA/NNPA ratios remained stable with the help of ARC sale.
  •  The bank expects the C/I ratio to stabilize in the next two years.
  •  IndusInd Bank is projected to deliver strong earnings growth and profitability in the future.
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