Modest quarter; guides a robust growth outlook

Company
29 Jul 2024
5 Min read 
  • IndusInd Bank's financials and valuations show mixed quarter performance.
  •  NIM remained stable at 4.25%, with a stable outlook.
  •  Asset quality ratios deteriorated slightly due to increased slippages in consumer finance.
  •  The bank expects 18-22% loan growth and 110-130bp credit cost for FY25.
  •  Overall slippages are expected to remain in control, maintaining stable asset quality.
  •  Financial data includes GNPA, NNPA, slippage, and credit cost ratios.
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