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Dolat Capital Report
IndusInd Bank Ltd. reported a healthy net interest income growth at 13% YoY despite muted loan growth at 2% YoY and net interest margin contraction.
Operating profits were up 18%, and benefited from a strong sequential comeback in fee lines (excluding IB fees).
Even including the non-performing assets under standstill, gross NPA ratio would have declined QoQ by 20 basis points to 2.3% led by higher recoveries/write-offs and limited slippages.
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