NEWS & ADVICE : CAR LOANS
IndusInd Bank all set to defeat others in growth figures
By Vaibhav Aggarwal
Oct 12, 2010
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Private sector lender, IndusInd Bank is all set to fight its larger peers in the sector in terms of growth, margins, and asset quality. This is evident from the results of the September 2010 quarter as posted by the bank.

A few years back, the bank was suffering from low quality of its assets owing to a large amount of non performing assets (NPAs) attributed to it at 2.2%. The current NPA of the bank however stands at 0.4%.

Apart from this, the loan book of the bank has shown a growth of 33% on y-o-y basis as on September 2010.

The bank's net interest margin (NIM) stood at a nine-quarter high of 3.4%.

The current and savings account (CASA) deposits form 25% of the total deposits of the bank.

The bank reported a capital adequacy ratio (CAR) of 16.2% at the end of the September quarter, which is much higher than the RBI's standard of 9%.


 


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