IndusInd Bank share price has an upside potential of 35% as it is well placed on growth, net interest margin (NIM) and asset quality troika, according to ICICI Securities.
IndusInd Bank has delivered around 19% and 26% CAGR in regulatory retail deposits over 2 and 3 years, which is significantly higher than peers and is expected to sustain. Moreover, headline deposit growth has been relatively moderate at 13-15% YoY due to opportunistic non-retail deposit growth thanks to excess liquidity.