BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
IndusInd Bank Ltd. has demonstrated a healthy traction in operating performance over the past few quarters as it successfully braved the storm in late FY20 and FY21. It reported a loan growth of ~18% in Q1 FY23 (versus average of 8% over FY20-22).
Improving business activity and a recovery in its core commercial vehicle and micro finance institution segments will aid overall portfolio growth and further ease credit cost.
We expect 18% loan compound annual growth rate over FY22-24.
IndusInd Bank is strengthening its liability franchise, with an increased focus on garnering retail deposits. The same has clocked 39% CAGR over FY20-22, while the mix, as per liquidity coverage ratio disclosures, rose by ~1,000 basis points to 41%.
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