indusind bank expects modest q2 growth amid rising deposit costs

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.

Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings