BQ Blue'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 BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
IndusInd Bank Ltd. reported a stable Q4 FY21, with an in line performance.
On the business front, deposits grew 7% QoQ, while loan growth is seeing a revival.
On the asset quality front, gross non-performing asset ratio improved sequentially and stood at 2.67%/0.69%, with provision coverage ratio ~75%.
In addition to this, the bank holds a Covid-19 related provision buffer at 75 basis points of loans.
Restructured book stood at 2% of loans (slightly higher than the guided 1.8%), largely from the vehicle portfolio.
With the rise in Covid-19 cases and a recent lockdown in a few Indian states, we remain watchful as micro finance institution and commercial vehicle are the most impacted segments.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint 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 BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
