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IndusInd Bank: Merger with Bharat Fin done….Moderation in credit growth, high stressed assets & succession planning create headwinds. Vehicle financing at 30%, MFI loans at 10% of the book… bank has 7%-10% of exposure in below inv. grade book (Fy20e 3x P/B)
It’s been a strong set of earnings for @MyIndusIndBank. Catch Romesh Sobti, IndusInd Bank, spill the beans on asset quality, loan book growth, the Bharat Financial merger and outlook on earnings at 9:40 am
Citi maintains buy call on IndusInd Bank; says the co's Bharat Fin merger benefits are visible
CLSA has maintained buy rating on IndusInd Bank with a target price of Rs 2,160. April-June quarter was the first quarter of merged financials for IndusInd Bank and Bharat Financial, said CLSA.
#CNBCTV18Market | Citi maintains buy call on IndusInd Bank; says the co's Bharat Fin merger benefits are visible
[email protected], Romesh Sobti: Completed Merger Of IndusInd Bank With Bharat Financial Completed On July 4 Merger Has Contributed To A Much Stronger Capital Adequacy For IndusInd CASA Ratio At 43.04% vs 43.42% YoY #EarningsEdge
Merger process is now complete. Shareholders of Bharat Financial have been issued IndusInd Bank's shares, says Romesh Sobti MD & CEO of IndusInd Bank. #Q1WithBQ Watch:
#EarningdWithMC | IndusInd Bank + Bharat Fin release Q1 results. ▶️Gross NPA at 2.15% vs 2.1% (QoQ) ▶️Net NPA at 1.23% vs 1.2% (QoQ) ▶️Gross NPA at Rs 4,199 crore vs Rs 3,947 crore (QoQ) ▶️Net NPA at Rs 2,380 crore vs Rs 2,248 crore (QoQ) | @MyIndusIndBank
BREAKING NEWS - #Induslnd + #BharatFinancial #Q1 : Net Profit At Rs. 1,432.5 Cr Vs Rs. 1,279.7 Cr #QuarterlyResult
#1QWithCNBCTV18 | IndusInd Bank + Bharat Fin net profit comes in at Rs 1,432.5 cr against CNBC-TV18 poll of Rs 1279.7 cr
Double digit growth in Q1 NII on cards for #IndusIndBank; Bharat Financial merger may hit profit #Kotak which expects 30 percent growth in NII and 24 percent in PPoP, said it expects the bank to make high provisions for their IL&FS exposure.
IndusInd numbers would not be comparable as the lender would incorporate financials of the merged Bharat Financial into the first quarter estimates.
First Word #BQLive -Valuations tumbled despite earnings growth for these stocks. -#Q1WithBQ: How will IndusInd Bank's numbers look after merger with Bharat Financial? -Lessons for investing from the Cricket World Cup. #CWC19
#EarningsWithETNOW | IndusInd to report Q1 earnings for the first time after its merger with Bharat Financial. Provisions likely to remain high, loan growth expected to be north of 25-30%. Management guidance on growth and credit costs keenly awaited
#1QWithCNBCTV18 | IndusInd Bank (@MyIndusIndBank) will kickstart the earnings season for banks tomorrow. This will be the first time the bank will report numbers after the Bharat Financial merger. @kothariabhishek tells you what the street is expecting
The upmove in the share price suggest so on account of 1) Bharat financials numbers inclusion 2)Lesser provisions to aid profitability 3) Q2 to incorporate full fledge Bharat financial nos hence positive comments from the management.