Sharekhan's research report on IndusInd Bank
Bank does not anticipate risk to spill over and is reasonably confident on full year credit cost guidance of 110-130 bps in FY25E. Reports suggest that the board is likely to forward Mr. Sumant Kathpalia’s name to the RBI this month, seeking approval for a fresh three-year term as MD & CEO. Stock trades at 1.6x/1.4x its BV estimates for FY2025E/FY2026E. We believe sustained earnings progression is key for outperformance along with better outcome on retail asset quality front. Risk reward looks favorable.
Outlook
We reiterate a Buy on IndusInd Bank (IIB) with an unchanged PT of Rs. 1,750. Near-term business outlook remains comfortable except for the elevated slippages in the credit card and microfinance portfolios that would normalise by FY25.
For all recommendations report, 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.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
