Story continues below Advertisement
ICICI Securities research report on IndusInd Bank
We believe IndusInd Bank (IIB) is well placed on growth, NIM and asset quality troika. The bank has delivered the highest CAGR in retail deposits, which should sustain, fuelling superior ~18% CAGR in loans. NIM is likely to remain stable, resulting in sector leading ~16/17% CAGR in NII / PPOP for FY24-26E. The bank has ~5-15bps improvement scope in each of NIM, opex to assets and credit costs over FY24-26E. Yet, we are conservatively factoring cumulatively <10bps…
Read More…