IndusInd Bank (NSE:INDUSINDBK) delivered Q1 FY27 PAT of ₹10bn with RoA 0.75%, healthy capital (CET1>16%, CAR 17.15%) and rising wholesale loans, while Jefferies upgraded targets citing improving growth and asset quality as the bank eyes higher FCNR(B) foreign-currency deposits.
Previous Week Recap
- IndusInd Q1 PAT ₹10bn: IndusInd Bank (INDUSINDBK) Q1 FY27: PAT INR 10bn; RoA 0.75%; wholesale loans +11% QoQ, retail flat; core NIM 3.35% (-4bps); CASA down ~2%; CET1 >16%.
- IndusInd CAR 17.15%: IndusInd Bank (INDUSINDBK): CAR 17.15% (Tier‑I 16.10%) as of Jun 30, 2026; deposits ₹4,14,766cr; CASA 29.43%; advances ₹3,26,274cr; net worth ₹64,798cr; 3,137 branches; 42m clients
- Jefferies Ups Target On IndusInd: Jefferies kept Buy on IndusInd Bank (INDUSINDBK) and raised target to ₹1,250 from ₹1,100, citing improved growth, asset quality and core RoA; forecast: ~1.1% RoA by FY2029, 1.3x adj P/B FY2027.
- IndusInd Aims FCNR Deposits: IndusInd Bank aims to raise FCNR(B) foreign-currency deposits matching its 3.6% share of total non-resident deposits.
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