IndusInd Bank Q3 earnings: Here’s what to expect
Private lender IndusInd Bank is all set to report its third quarter earnings on Friday. Street is working with the lowest NII growth. The bank saw a strong deposit momentum this time around when deposits grew by 5 percent quarter-on-quarter (QoQ).
Private lender IndusInd Bank is all set to report its third quarter earnings on Friday. Street is working with the lowest NII growth. The bank saw a strong deposit momentum this time around when deposits grew by 5 percent quarter-on-quarter (QoQ).
The low-cost deposit ratio also improved on a sequential basis, however, the net advances were bit tepid, only 0.1 percent year-on-year (YoY) and a little over 3 percent sequentially.
Provisions could remain elevated given the fact that they have exposure to the MFI sector as well as personal loan and unsecured business.
Net interest margin could be under pressure on a YoY basis. Watch out for commentary with respect to credit cost, loan growth and restructuring.
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(Edited by : Bivekananda Biswas)
First Published: Jan 28, 2021 5:09 PM IST
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