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.
Motilal Oswal Report
The Reserve Bank of India approved the re-appointment of Mr. Sumant Kathpalia as the Managing Director and Chief Executive Officer of IndusInd Bank Ltd. for a period of two years, effective March 24, 2023, after his current term ends on March 23, 2023.
There was uncertainty around his extension and all sorts of conjectures were made with respect to the tenure that will get approved by the central bank.
We note that there had been instances in the past where despite a shorter term approval, the MD and CEOs of other banks had been able to secure a three- year regular term during subsequent renewals.
IndusInd Bank's stock price has been under pressure not only due to the macro uncertainty but also because of the clarity around the extension. We thus believe the RBI approval will now shift the focus to the fundamental performance of the bank.
IndusInd Bank has been demonstrating a healthy improvement in operating performance fueled by a pick-up in loan growth, strengthening liability franchise and improving asset quality.
We estimate IndusInd Bank to deliver 20% loan compound annual growth rate over FY23-25.
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.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
