In-line earnings; asset quality remains stable

Company
26 Apr 2024
5 Min read 
  • IndusInd Bank's 4QFY24 performance in line with expectations.
  •  Healthy loan growth at 18.4% YoY to INR3.4t.
  •  Fresh slippages decreased by ~19% QoQ to INR14.3b.
  •  Stable GNPA/NNPA ratios at 1.92%/0.57%.
  •  Utilized INR3b of contingent provisions, holds INR10b contingency buffer.
  •  Estimated ~21% earnings CAGR over FY24-26.
Login / Open Demat Account to read the report

Never Miss Out on Hot Market Updates

Get exclusive market news delivered to your inbox - on priority