High Inflation,
depreciating rupee around 18% since August.
Robust results
main factors which were in discussion:
1)credit growth to be muted
Indus ind growth was 30%
2) depressed profitability, Indus Ind bank net profit 44%
3) net income 19%
4) loan book NPA's, gross NPA shrunk
cost of credit affects bottom line QoQ cost of credit 14 bps, this quarter 9 bps
5) restructure advances, reduced to 0.02%
Core incoem - fees from clients has increased QoQ 11%
Indus Ind raised rates - for savings book. Have seen a take up 10% in new client acquisitions
New activity up 22%
Increase in branches from 300 in 2010 to 400 to 2011, current levels at 365.
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