IndusInd Bank is expected to announce its financial results for the July-September quarter (Q2FY25) soon.
Analysts predict that the bank will report a modest performance, with a single-digit year-on-year increase in net interest income (NII) and profit after tax (PAT).
The NII is projected to rise by 9% to Rs 5,533 crore, compared to Rs 5,077 crore in the same period last year. Similarly, the PAT is expected to grow by 4% to Rs 2,207 crore, compared to Rs 2,181 crore in Q2FY24.
Analysts attribute this performance to the rising cost of deposits, which is expected to outpace the yield on advances, potentially impacting the bank's margins.
The bank's Q2 scorecard will be released on October 24, 2024, and market observers will closely monitor the impact of these factors on the bank's financial health.