Indian Bank Q1 Results Review - Multiplies Nearly 3.8 Times But Still Has Material Upside: Yes Securities

NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Yes Securities Report.Indian Bank's gross non-performing asset additions amounted to Rs 19.56 billion for Q1 FY25, translating to calculated annualized slippage ratio of 1.46% for the quarter. Gross NPA additions had amounted to Rs 12.68 billion during Q4 FY24. Recoveries in Q1 were Rs 12.9 billion and the management has guided for total recoveries of Rs 70 billion in FY25 including AUC recovery of Rs 20 billion. Provisions were Rs 12.6 billion, up by 0.9% QoQ but down by - 27.7% YoY, translating to calculated annualised credit cost of 97 bps. The management has stated that the credit cost at 71 bps (assume specific) is marginally down sequentially and they expect it to decline further from current levels..The whole bank net interest margin was at 3.44%, flat QoQ but down -12 bps YoY. The cost of deposits in Q1 was at 5.05%, up by 4 bps QoQ and 45 bps YoY and the management expects it to further inch up by 3-5 bps. The share of MCLR linked loans is 61% of the total advances and hence the management expects that the NIMs would be stable around current levels..Click on the attachment to read the full report:.South Indian Bank Q1 Review - Decent Quarter, Earnings To Gradually Improve; Retaining A Buy: Anand Rathi.DISCLAIMERThis report is authored by an external party. NDTV Profit 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 NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Indian Bank Q1 Results Review - Multiplies Nearly 3.8 Times But Still Has Material Upside: Yes Securities

Bank's profitability continues to improve supported by declining credit cost, stable margins and reasonable growth, says the brokerage.

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Indian Bank Q1 Results Review - Multiplies Nearly 3.8 Times But Still Has Material Upside: Yes Securities

Bank's profitability continues to improve supported by declining credit cost, stable margins and reasonable growth, says the brokerage.

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