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.
Yes Securities Report
IndusInd Bank Ltd.'s gross slippages amounted to Rs 22.50 billion (annualised slippage ratio of 3.6%) and recoveries and upgrades amounted to Rs 6.04 billion.
Net interest margin at 4.21% inched up 1 basis points QoQ aided by a slightly higher rise in yield on assets compared with that for cost of funds.
IndusInd Bank's advances grew 3.7%/17.7% QoQ/YoY driven sequentially by mid and small corporates and few retail segments.
Total opex rose 4.0%/20.1% QoQ/YoY, employee expenses rose 0.3%/8.6% QoQ/YoY and other expenses rose 5.3%/24.5% QoQ/YoY.
Core fee income rose 8.6%/47.1% QoQ/YoY driven sequentially by general banking fees.
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