IndusInd Bank Q3- Material Rise In Cost Of Deposits Indicative Of Wholesale Deposit Dependence: Yes Securities

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 relatively conservative guidance is likely a tacit acknowledgement that liability retailisation is still work-in-progress. Share of liquidity coverage ratio retail deposits is still 42.4%, which is materially lower than key private sector peers. Cost of deposits jumped 37 basis points QoQ in a sign of things to come, with management conceding there could be a similar rise in Q4. What saved the day from net interest margin was a 151 bps rise in loan-to-deposit ratio to 83.9%, a non-structural factor aiding margin.There were some elevated slippages in the commercial vehicle book due to some duties being rolled back in the state of Orissa. Microfinance non-performing loans have also moved up due to stress in the Eastern region and there would be another quarter of some pain before things stabilise. The outstanding contingent provisions amounted to Rs 21.92 billion, with IndusInd Bank having utilised Rs 11.36 billion of contingent provisions so far. Outstanding loan-related provisions were 130% of gross non-performing asset..Click on the attachment to read the full report:.IndusInd Bank Q3 Results: Net Profit Jumps 58%, NII Rises 18.5%.More Research Reports On IndusInd Bank's Q3 FY23 Results Review.Earnings Progression On Track; Re-Rating To Continue: Motilal OswalStable Asset Quality; Restructured Portfolio Moderated To 1.25%: Dolat CapitalRobust Credit Growth; Net Interest Magins Improved: IDBI Capital.DISCLAIMERThis 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.

IndusInd Bank Q3- Material Rise In Cost Of Deposits Indicative Of Wholesale Deposit Dependence: Yes Securities

What saved the day from NIM was a 151 bps rise in loan-to-deposit ratio to 83.9%, a non-structural factor aiding margin.

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