Company: IndusInd Bank Ltd


Proftability of the bank was subdued (PAT +5% yoy and 7% qoq) during the quarter due to higher NPL provisioning while operatng proft growth was healthy (27% yoy).
Jan. 10, 2019, 11:49 a.m.
Author : LKP Research | Publisher: indianotes.com

IndusInd Bank (IBL) reported its 3QFY19 results with the key takeaways being: (1) IBL took provision cover to IL&FS parent exposure to 30% and expects a cumulative provision requirement of 40-50% on this exposure to IL&FS parent.
Jan. 10, 2019, 11:34 a.m.
Publisher: nirmalbang.com

We assess the performance as largely mixed with a negative bias. While the headline number on margins were fairly flat (3.8% QoQ) we sense competitive pressure on the retail core spreads.
Jan. 10, 2019, 11:34 a.m.

It made additional contingency provisioning to the tune of Rs2.6bn towards exposure to IL&FS Holdco (exposure at Rs20bn), taking the total provisioning on this account to 30%.
Jan. 10, 2019, 11:33 a.m.
Publisher: trade.rsec.co.in


IndusInd Bank’s progressive provisioning indicates that the recovery from the IL&FS fiasco is unlikely to be smooth
Jan. 9, 2019, 8:21 p.m.
Publisher: livemint.com

NULL
Jan. 9, 2019, 7:44 p.m.
Publisher: moneycontrol.com

The bank said provisions and contingencies for the quarter stood at Rs 606.7 crore, which increased 3 percent sequentially and showed a massive rise of 157 percent over a year-ago period
Jan. 9, 2019, 2:34 p.m.
Publisher: moneycontrol.com

The bank said provisions and contingencies for the quarter stood at Rs 606.7 crore, which increased 3 percent sequentially and showed a massive rise of 157 percent over a year-ago period.
Jan. 9, 2019, 2:34 p.m.
Publisher: moneycontrol.com

Interest earned rose 34.4 per cent to Rs 57.63 billion
Jan. 9, 2019, 2:32 p.m.

Bank creates another Rs2.5bn of contingent provisions over and above Rs3.5bn held from earlier quarter on IL&FS. SA deposits growth was slower (18% YoY / -2.1% QoQ) and saw decline on absolute basis sequentially.
Jan. 9, 2019, 11:35 a.m.
Publisher: plindia.com