India's IndusInd Bank hits 17-month high ahead of June quarter earnings
BUZZ-India's IndusInd Bank hits 17-month high ahead of June quarter earnings ** Private lender IndusInd Bank's shares INBK.NS rise as much as 3.48% to 1,068.8 rupees, a 17-month high, ahead of Q1 results due later in the day
** INBK is the top percentage gainer on the private bank index .NIFPVTBNK, which is up 0.2%
** Co is projected to post a 2.4% rise in Q1 net income, with total income estimated to fall by 8.9% YoY - LSEG
** Jefferies says Q1 profit likely to rise 5% YoY, aided by growth in microfinance loans
** INBK is likely to see better trends in loans and deposit growth in Q1, while the loan-to-deposit ratio is poised to remain steady on a sequential basis, adds Jefferies
** Stock up 22.4% YTD after a 10% drop in 2025 on concerns over delayed disclosures and valuation mismatches in its derivatives portfolio
** Nifty private bank index .NIFPVTBNK is down 2.8% in 2026 so far
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
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