Excluding the unsavoury IL&FS exposure, the lender continues to report a strong set of quarterly numbers. Of course, a lot of the improvement in bad loan ratios is also due to strong loan growth. IndusInd Bank’s core metrics such as net interest income and net interest margin too met the Street expectations. Moreover, if other lenders decide to be as prudent as IndusInd Bank, provisions are set to mount for them. Trading at a multiple of three times its estimated book value for fiscal year 2020, IndusInd Bank is no longer the most expensive banking stock

Source: Mint October 16, 2018 04:07 UTC