Prabhudas Lilladher's reserach report on IndusInd BankIIB reported relatively stable trend in NPL ratios though corporate/restructured portfolio witnessed slightly higher slippages. IIB also sold Rs410mn to ARC, while also recovered Rs200mn from ARC and now has total outstanding SR book of Rs2.29bn. Provisions increased due to higher standard asset provisioning on integration of gems & jewellery portfolio while restructured p/f remain stable at 0.63%. We revise our PT to Rs 1,070 (from Rs 1,050) as we fine‐tune our business growth and opex estimates and maintain our “Accumulate” rating. For all recommendations, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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