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27-Jul-2024

IndusInd Bank

Weak performance

'Indusind Bank has reported marginal 1% growth in net profit at Rs 2152.16 crore for the quarter ended June 2024 (Q1FY2025). The bank has posted 11% growth in net interest income (NII), while the core fee income of the bank improved 15% in Q1FY2025. The Net Interest Margin (NIM) of the bank declined marginally to 4.25% in Q1FY2025 compared to 4.29% in the corresponding quarter of previous year.

On business front, the bank as has posted 15% growth in business with 15% surge in loan book. The asset quality of the bank was impacted due to increase in fresh slippages of loans in Q1FY2025. Bank has witnessed increase in the credit to deposit ratio to 87.3% at end June 2024 from 86.8% at end June 2023. CASA deposits ratio of the bank has declined to 36.7% at end June 2024 from 39.9% at end June 2023.

Asset quality impacted by high slippages: The bank has witnessed some pressure from high slippages of loans o...



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