The IndusInd Bank share price was high above 3 percent in the morning session of Friday before its Q3 results. The bank is yet to declare its Q3 results by today.
Provisions are expected to remain uplifted as they have exposure to MFI sector along with unsecured business and personal loan.
However, the NII or the net interest margin could remain under pressure on a year-on-year basis. The market is expecting a very low NII growth. Also, the lender has witnessed a very strong deposit momentum in this period.
The deposits grew by 5 percent on a quarter-on-quarter basis where the low-cost deposit ratio has also improved by a good percentage.
Coming to the net advances of the private lender, it was packed by lukewarmness. As per the CNBC report the net advances grew by only 0.1 percent on YoY and were over by 3 percent only.
Provisional loan growth increased by 3.2 percent by end of December 2020 and the same way, the deposits also increased by 5 percent for the quarter.
On contrary, the total loan booking hiked up to Rs 2,07,691 crore by the end of December 2020. This amount was however at Rs 2,01,247 crore in the last session.
Similarly, the deposits of the bank also increased to Rs 2,39,600 crore in the September 2020 quarter.
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