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IndusInd Bank – a candidate to ride the post COVID recovery

IndusInd Bank is much better prepared to face the challenges of the second wave, armed with capital, excess provision and a high quality balance sheet

May 03, 2021 / 07:34 PM IST
IndusInd Bank – a candidate to ride the post COVID recovery

The onset of COVID-19 last year was a difficult phase for IndusInd Bank (IIB CMP: Rs 93, Market cap: Rs 72,306 crore) with a burgeoning bad asset problem and a run on deposits following the Yes Bank fiasco. However, in the past one year, it has recognised stress, cleaned up the troubled corporate book, built an adequate provision cover, built a granular retail-oriented deposit book, diversified its asset book, and built adequate capital buffers to drive growth and win...

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