Indusind Bank - Q2 FY14 Result Update - IIFL

- Loan growth decelerates to 24% yoy; retail loan growth falls to 18% yoy

- Credit expansion funded through borrowings; substantial improvement in savings deposit ratio

- Better-than-expected NIM performance was a positive surprise

- Buoyant fee growth; core C/I ratio improves further

- Resilient asset quality performance continues

- Maintain BUY with 9m target of Rs505; elevate IndusInd as top sector pick.

Source : Equity Bulls

Keywords