Indusind topline and bottomline growth have managed to cross the health indicator of 30% increase in topline and 20% increase in profits we established a few quarters ago and even as India Inc widens the gap with the performance of the overall Economy, it still likely means that the number of companies performing on this measure and Economy's overall growth are likely to be a boon for the markets in 2013. 

Bank NIMs grew by 21 basis points at an extra large 3.46% in the INR 5.77bln income from Interest net of interest on borrowed funds. Loan growth and PAT growth were in line at 31% and 30% , Net NPAs translating into an increase of 11 crores (0.11 bln) at INR 1.25bln

Bank completed a QIP of INR 5-10 bln this quarter and Tier I capital is closer to 15% bank expecting not to raise funds till 2016. NIM increase may be attributed to decrease in cost of funds for the bank and seems to have added 21 branches and over 400 ATMs. CASA has grown with deposits up 26% The banks INR 350 bln book is giving a ROA of 1.6% RoE is down on expanded Capital base.

 

 

 

 

Posted via email from The India Investment Post