Weak quarter; steering through near-term challenges

Company
28 Oct 2024
5 Min read 
  • Detailed financials and valuations for IndusInd Bank, including estimates for FY24, FY25E, and FY26E.
  •  Weak quarter with higher provisions, lower other income, and NIM contraction to 4.08%.
  •  Estimated 13% loan growth due to cautious view on unsecured growth.
  •  Earnings estimates cut, leading to RoA/RoE of 1.6%/13.6% by FY26.
  •  Key near-term events to monitor: asset quality progression and RBI approval for MD and CEO.
  •  Financial data includes asset quality, yield and cost ratios, and capitalization ratios.
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