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Bandyopadhyay`s view on IndusInd Bank
Sudip Bandyopadhyay, MD & CEO, Destimoney Securities shares his view on IndusInd Bank. If anyone is planning for speculative buy, one can go ahead and do it.
Sudip Bandyopadhyay, MD & CEO, Destimoney Securities shares his view on IndusInd Bank . If anyone is planning for speculative buy, one can go ahead and do it.
Bandyopadhyay told CNBC-TV18, "IndusInd Bank numbers were excellent. It's always good to start the season with good set of numbers. Both on the profit front as well as the NPA numbers I think the bank has beaten the market estimates which is a very good sign. I think IndusInd bank as been consistently post the new management taking charge performing and I think it has got the potential to deliver even better results going forward."
He further added, "NIM's have been a bit subdued and that was expected because they need to build their CASA. For that they are offering much higher interest rates compared to many of the more established banks who have got significant CASA. I think that's also a good strategy. It doesn't matter if NIM's are slightly under pressure as long as the overall profits are increasing and the NPAs are under control. Regarding buying the stock at current levels, my view will be I think you will get better opportunities. I think we are in some kind of euphoria, some kind of positive news driven market rally we are seeing. Of course there is some amount of short covering but may not be the ideal time if you are planning to buy for long term. If you are planning for speculative buy, yes you can go ahead and do it."
