Preview: Analysts expect stable margins for India's IndusInd Bank

Bandhan Bank

18/01/2024 04:34

** Private lender IndusInd Bank  INBK.NS  down 1% ahead of
Q3 results amid broader weakness in market
    ** Nifty Bank  .NSEBANK  down 0.6%, largely due to 2.5% fall
in HDFC Bank  HDBK.NS 
    ** INBK peers Bandhan Bank  BANH.NS  and Federal Bank
 FED.NS  also down between 1.5% and 2%  
    ** Analysts, on average, expect around 16% rise in both net
profit and net interest income for INBK - LSEG data
    ** Analysts forecast net interest margins (NIM) to remain
"stable" compared to previous quarter, in an environment where
lenders are facing margin pressure due to rising cost of funds
    ** INBK reported steady margins of 4.29% in Q2, which sent
shares up
    ** Bank expects NIMs between 4.2%-4.3% for FY24    
    ** HDFC Bank shares slumped 8% on Wednesday - worst day in
nearly four years - after reporting weak margins for second
straight quarter


 (Reporitng by Nishit Navin in Bengaluru)
 ((nishit.navin@thomsonreuters.com;))