- IndusInd Bank Q1 profit seen up 24%
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IndusInd Bank Q1 profit seen up 24%
#Niveza #Review ::IndusInd Bank Q1 profit seen up 24% ::
Private sector lender IndusInd Bank''s first quarter (April-June) profit is likely to increase 24.5 percent to Rs 654 crore compared with Rs 525 crore in year-ago period.
We think the stock may react positively if gross non-performing assets remain below 1 percent
(0.87 percent in Q4), credit cost below 20 basis points (17 bps in Q4) and net interest margin comes above 3.9 percent (3.94 percent in Q4).
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