IndusInd Bank Q1 NIM, asset quality seen stable; NII up 22%

Its net interest income (NII) is seen growing 21.75 percent at Rs 975.24 crore against Rs 801 crore year-on-year. NIMs may come in at 3.65 percent while provision may decrease to Rs 97.4 crore versus Rs 107.44 crore on sequential basis.

July 13, 2015 / 12:53 IST

26 Aug, 2025 12:21

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IndusInd Bank is likely to report stable loan growth, net interest margin (NIM) and asset quality in April-June quarter which will be announced today. According to a CNBC-TV18 poll, the bank may report net profit at Rs 514.44 crore, up 22.19 percent compared to Rs 421 crore in corresponding quarter last fiscal.

Its net interest income (NII) is seen growing 21.75 percent at Rs 975.24 crore against Rs 801 crore year-on-year. NIMs may come in at 3.65 percent while provision may decrease to Rs 97.4 crore versus Rs 107.44 crore on sequential basis.

Analysts polled by CNBC-TV18 say gross non-performing assets (NPA) may be at Rs 588 crore while net NPA is seen at Rs 216 crore.

Loan growth is expected to be significantly higher significantly higher than industry, given the pick up in auto sales. Fee income trends may continue to show strong performance and asset quality trends to be benign. Analysts will keep an eye on loan growth commentary as Rs 4500 crore expected from RBS business.

Meanwhile, gross NPA in January-March quarter (Q4FY15) fell despite a sharp rise in slippages (Rs 449 crore in Q4) due to sale to asset reconstruction company (ARCs) and recoveries. The bank sold four accounts in the corporate book to for Rs 60 crore whose gross value was Rs 416 crore. The bank had held Rs 100 crore provisions against them. Hence, it took a hit of Rs 256 crore, which will be amortised evenly over eight quarters (Rs 32 crore hit per quarter).