IndusInd Bank - Well Positioned In Core Domains, Liability Profile Supportive: Nirmal Bang

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. .Nirmal Bang Report.IndusInd Bank Ltd. remains attractive despite the run-up in the stock post Q1 FY23 earnings. The bank is well positioned to benefit from the upcycle in some of its key domains (micro-loans and commercial vehicles). New retail-centric initiatives outside these segments are also showing healthy results, such as in non-micro finance institution unsecured lending and home loans. Overall loan compound annual growth rate is expected at 16% over FY22-25E. Faster growth in high-margin retail products is expected to support the management’s net interest margin guidance of 4.15-4.25% despite the relatively lower external benchmark lending rate-linkage. IndusInd Bank has improved its liability profile, with retail deposits now accounting for 41% compared to 31% in FY20. The bank has planned a few more initiatives which are expected to support further retailisation of the liability profile. Overall, we think that IndusInd Bank’s asset-side construct is supportive of its strategy to offer higher deposit rates. .Click on the attachment to read the full report:.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 - Well Positioned In Core Domains, Liability Profile Supportive: Nirmal Bang

IndusInd Bank - Well Positioned In Core Domains, Liability Profile Supportive: Nirmal Bang

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