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.
IDBI Capital Report
IndusInd Bank Ltd.’s micro finance institution portfolio which was key concern area reported improvement in credit growth (up 5% YoY) along with better asset quality (gross non-performing asset 2.9% versus 3.4% QoQ).
Further, credit growth remains strong at 18% YoY; deposit growth improved to 15% YoY versus 13% YoY (Q1 FY23). Management guided for credit growth of 20% for FY23.
Asset quality improved as GNPA stood at 2.11% versus 2.35% QoQ led by lower slippages.
Restructured book declined to 1.5% versus 2.1% QoQ. Net interest income grew by 18% YoY (up 4.3% QoQ); net interest margins improved by 17 bps YoY.
Profit after tax grew by 60% YoY due to decline in provisions (down 33% YoY). IndusInd Bank's maintains overall provision of Rs 26.5 billion as standard contingent provisions.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR