Company: IndusInd Bank Ltd. Category: IPO Notes

Proftability of the bank was subdued (PAT +5% yoy and 7% qoq) during the quarter due to higher NPL provisioning while operatng proft growth was healthy (27% yoy).
Jan. 10, 2019, 11:49 a.m.
Author : LKP Research | Publisher:

IndusInd Bank (IBL) reported its 3QFY19 results with the key takeaways being: (1) IBL took provision cover to IL&FS parent exposure to 30% and expects a cumulative provision requirement of 40-50% on this exposure to IL&FS parent.
Jan. 10, 2019, 11:34 a.m.

We assess the performance as largely mixed with a negative bias. While the headline number on margins were fairly flat (3.8% QoQ) we sense competitive pressure on the retail core spreads.
Jan. 10, 2019, 11:34 a.m.

It made additional contingency provisioning to the tune of Rs2.6bn towards exposure to IL&FS Holdco (exposure at Rs20bn), taking the total provisioning on this account to 30%.
Jan. 10, 2019, 11:33 a.m.

Bank creates another Rs2.5bn of contingent provisions over and above Rs3.5bn held from earlier quarter on IL&FS. SA deposits growth was slower (18% YoY / -2.1% QoQ) and saw decline on absolute basis sequentially.
Jan. 9, 2019, 11:35 a.m.

Research Report on Tech Stars: Escorts Limited & IndusInd Bank Limited.
Nov. 19, 2018, 11:34 a.m.

IndusInd Bank (IBL) reported its 2QFY19 results with the key takeaways being: (1) IBL made nonmandatory contingent provision worth Rs2.75bn on exposure to IL&FS Group.
Oct. 16, 2018, 11:29 a.m.

IndusInd Bank continued to deliver a healthy performance on operational metrics in 2QFY19 led by strong growth in loan book and best-in-class C/I Ratio.
Oct. 15, 2018, 11:25 a.m.

IIB’s earnings of Rs9.2bn (PLe: Rs10.8bn) were below expectations which grew 5% YoY as bank created contingency provisions of Rs2.75bn on infra account (IL&FS).
Oct. 15, 2018, 11:06 a.m.

The bank reported a stable and healthy performance but not without a few loose ends. Loan growth was healthy and well diversified at 3.9%/29.4% QoQ/YoY (Including for ~R80.0 bn of corporate loans sell-down during the quarter the reading on growth would have been even stronger).
July 11, 2018, 11:02 a.m.