NEWS & ADVICE : PERSONAL LOAN
IndusInd Bank has a sharp facelift
By Vaibhav Aggarwal
Jul 12, 2010
Print    Email    RSS   

The major names amongst private sector lenders so far have been that of ICICI Bank, HDFC Bank and Axis Bank. Now it seems that other private sector banks are also coming in line with these major banks.

One such name is IndusInd Bank. Some time back the bank was under extreme pressure of bad loans and tight margins. But the June quarter results show a dramatic facelift for the bank.

The net interest margin (NIM) of the bank has improved to 3.3% last quarter which is a rise by 13 basis points. The bank is targetting a NIM of 3.5%.

The CASA ratio of the bank is 24%. The bank has raised its provision coverage ratio to 70% around three months before completion of the deadline for the same.

The June quarter has seen a 31% growth in the loan book of the bank.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Effect of employment on loan eligibility...
Bank loans that could glitter for you
Pros and Cons of Personal loans
Benefits and drawbacks of personal loans...
J&K Bank raises PLR


Surat ℰsℭℴℛt Sℰℛviℭℰ 09958217013,...
What is the outstanding Amount for my personal loan
ho many month balance in My Personal loan
i need my personal loan track statement

NEWS THIS WEEK
LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive