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.
Dolat Capital Report
IndusInd Bank Ltd.’s operating metrics continued to strengthen with largely stable net interest income despite impact of interest reversal (down by 4 basis points to 4.12%), healthy sequential growth in fee lines (31% QoQ), and contained opex.
Gross non-performing assets increased by 67 basis points QoQ to 2.97% on a pro-forma basis.
Pro-forma slippages at 4.7% for the quarter and 3% for nine months FY21 were within expectations, with 30% of it from unsecured retail (personal loan/credit card/business loan), 20% each from vehicle and micro finance institution portfolios, and 15% each from secured retail and corporate books.
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