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.