IndusInd Bank Q3 results preview: Weak NII, higher provisions could drag PAT down by 40% YoY
IndusInd Bank. Analysts point to a disappointing show on almost all the metrics.
The net interest income (NII) during the third quarter is likely to rise by a marginal 1% year-on-year (YoY), according to an average estimate of six brokerages. This along with higher provisions could drag the PAT down significantly by 40% YoY.
The microfinance portfolio of IndusInd Bank has been under pressure with rising slippages, leading to a likely sharp uptick in the provisions during the December quarter.
Analysts say the business growth of loans and deposits will also remain moderate in the reporting period.
Citi
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