Brokerages have cut their earnings-per-share estimates for IndusInd Bank Ltd. as the lender saw an uptick in its operating expenses in the March quarter. The lender has delivered strong asset quality numbers with a sharp reduction in slippage ratio during the period. HSBC Global Research cut its EPS estimates by 2–3.5%, while Jefferies India Pvt. trimmed its estimates by 2%.The EPS cuts are driven by increases in operating expenses, HSBC said in a note on Friday. “We increase our estimate for cost-to-income ratio for FY25–27 to reflect further investments required in branches, digital initiatives, and hiring.”Citi expects the lender’s core pre-provision-operating-profit growth to…
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