IndusInd Bank

“We've been saying our expectation is that we will grow in line with market. I think the momentum that we've seen in the first half of the year gives us confidence that we should be able to meet those expectations.”

“So that helps us recoup some of that. And of course, the optimization on the liability side, and it was mentioned earlier about the delta effect of the CD book, etcetera, that gives us the entire quarter. So, across the balance sheet. But yes, we would look at recouping the drop that we've seen over the next 2 quarters.”

“But frankly, that's not the big driver that we are looking at from here on. Yes, the delta will continue flowing through, but not the same scale and proportion that you've seen over the last 2-3 quarters.”

“These segments now hold around Rs.1,05,000 crore of deposits, up 23% QoQ.”

“Our Vehicle Finance portfolio crossed the Rs.1 lakh crore milestone this quarter. The book now stands at Rs.1,00,651 crore, up 5% YoY and 1% QoQ.”

“Disbursements picked up to Rs.11,968 crore, up 17% YoY and 10% QoQ.”

“The disbursement growth was driven by both Commercial Vehicles which grew 32% YoY and 17% QoQ, and Passenger Vehicle at 13% YoY and 12% QoQ.”

“Looking ahead, festive demand and seasonality should support growth in the second half. We, however, remain watchful of macro-economic trends especially around fuel prices, affordability considerations”

“And so therefore, I think it is fair to expect that some uptick in deposit rates is likely in the second half of the year.”

“Cost of deposits was 5.96%, compared with 5.93% QoQ. While both savings and term deposit costs repriced downwards, the marginal increase came from a lower CASA mix due to FCNR(B) mobilisation.”

“Net Interest Margin was 3.23%, compared with a normalised 3.35% in the previous quarter. The 12 bps moderation was mainly due to FCNR(B) mobilisation.”

“Operating expenses were Rs.3,943 crore, up 7% QoQ. The increase reflects higher business volumes, growth-related spends”

“And then the positive is the CRR, SLR impact that we don't have to maintain on these balances and what PSL benefit that we will get on this next year.”

“The FCNR leverage is playing out there. So that obviously impacts the overall yield of the loan book.”

“Under the RBI swap window, we mobilised USD 3.51 billion of FCNR(B) deposits. This implies a market share of around 2.75%, well above our natural share of around 1.5% in overall deposits.”

“Part of the proceeds replaced higher-cost bulk funding, which brought Certificates of Deposit down to 3.3% of deposits, from 5.9% QoQ.”

“On an end-of-period basis, retail deposits as defined under LCR grew 11% QoQ and rose to 50% of total deposits.”

“The average credit-deposit ratio was 84.0%, compared with 83.0% in Q1FY27.”

“Average borrowings rose to 9% of total liabilities, from 8% QoQ, mainly because of FCNR(B)-related foreign currency borrowings.”

“There is an enabling provision in place. We will look at a capital raise at an appropriate time.”

“A partnership with JP Morgan Payments to launch Xpedite, our cross-border remittance solution”

“We also added SIF offerings to our approved product suite, giving clients access to more sophisticated investment solutions and strengthening our wealth proposition.”

“So firstly, that amount is not correct. It's more like 1.1% of Loans.”

“Yes, we do have a couple of smaller one-offs. We had some AFS, HTM sale, INR48 crores, INR50 crores from there. But that's like put together is INR100 crores.”

“Yes, there was a collateral or sort of benefit from the whole FCNR scheme prevailing at that period, but that's like INR40 crores, INR50 crores of higher FX sales income.”

“At the same time, we continue to monitor potential risks from drought conditions in a few states, fuel and inflation trends along with next state elections, and we will calibrate our growth strategy accordingly.”

“So as of now, it's not fully hedged on a tenure basis, but that's typical treasury optimization, which we will do over a period of time.”

“See, the entire portfolio is managed within our NOOP limits. And so therefore, any gaps that we are running on the FX side is well within the risk limits that we have approved by the Board.”

“One is the policies that we sell through the branches and the credit life scheme, the impact on an as-is where is condition will be material.”

“we do have the ability to perhaps, to move efforts such a way that the overall impact on our P&L is minimized, however there may be some leads and lags.”

“We resumed expanding our physical distribution footprint, adding 124 outlets, primarily within BFIL.”

“As a result, deposits and advances have returned to double-digit growth, at 10% and 11% YoY respectively, compared with a decline last year.”

“Annualised gross slippages fell to 1.8%, from 2.1% QoQ and 3.0% YoY.”

“GNPA and NNPA improved QoQ to 2.73% and 0.83% respectively, with PCR at 70%.”

“Pre-provision operating profit rose to Rs.2,874 crore, up 15% on the normalised previous quarter.”