Looking at a target of around Rs 200 on IndusInd Bank: Seshadri Bharathan, KSEMA Fincon Ltd

Seshadri Bharathan, MD & CEO, KSEMA Fincon Ltd, in a chat with ET Now talks about IndusInd Bank.

You have got a pick on IndusInd Bank, isn’t it?

Definitely yes, the stock has seen a clear turnaround in 2 two years. The bank is envisaging a deposit led growth, plans to expand a number of branches to around 700 branches by 513. We have seen that the CASA deposit also have increased to 23% and they are targeting around 28% next one to two years time.

Operational efficiency wise also banks loan segment has improved and with focus on CASA the cost of deposit also has come down. So overall I think the bank is set for a strong performance in coming year and we are looking at a price target of around Rs 200 in this.