India Earnings (Bank Results Season) : Indusind makes a INR5.77 bln NII quarter in Q3 FY2013

The y-o-y comparisons are likely unnecessarily expansive and impressive at 34% rise in NII to INR 5.77 bln bu tthe bank has justified the run up in its shares in the last 6 months as its loan book probably advances to better days without just inorganic expanse of bad deb tin retail credit cards

Again, Net Profits increased nearly 30% y-o-y to INR 2.69bln and Gross NPAs have reduced below 1% but Net NPAs have inched up to 0.30% But provisions especially seem likely to rise for this bank as new norms kick in, making the bill higher by 50% at INR 0.78 bln

More can be expected from slower yet private bank competitors like Federal Bank and Karur Vysya and South Indian Bank in this leg of the recovery esp as new norms make it likely for these banks to be takeover targets for the last edition of banks in 2003 and neww and old incumbents like ING Vysya and indusind as their size makes them relatively well placed if they buy the right distrbutor franchise in the form of another bank. Ideal Targets are most likely banks and NBFCs like IDBI and IFCI

Unfortunately DJ News wires have seemingly missed the flash reports from the bank and we await full press conference before we get the earnings release

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One thought on “India Earnings (Bank Results Season) : Indusind makes a INR5.77 bln NII quarter in Q3 FY2013

  1. Pingback: Bank Earnings India: YES Bank expected to grow to required size (Q3 FY2013) « A blog of blogs

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