IndusInd Bank slips ahead of Q3 earnings

NEW DELHI: Shares of IndusInd Bank slipped nearly 1 per cent in morning trade on Wednesday ahead of its October-December quarter earnings.

Shares of the company, however, pared losses and traded 0.28 per cent down at Rs 1,573.20 on BSE around 9:45 am. The benchmark Sensex was 0.55 per cent up at 36,177 around that time.

Analysts believe while recognition of non-performing loans by companies under the IL&FS group would begin across banks, IndusInd Bank may take the biggest hit. This could put pressure on the lender's net interest margin (NIM).


IndusInd was among a few banks that had made ad-hoc provisions for IL&FS exposure in the September quarter.

Corporate asset quality and the impact of slowdown in commercial vehicle sales on the bank's CV portfolio would be watched keenly, brokerages said.

Also Read: IndusInd Bank Q3 results: IL&FS recognition, hit on CV portfolio & other key things to watch