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.