India's IndusInd Bank rises on strong Q2 projections
BUZZ-India's IndusInd Bank rises on strong Q2 projections ** Private lender IndusInd Bank INBK.NS shares rise as much as 2.30% to 907 rupees
** INBK among top percentage gainers in the private bank index .NIFPVTBNK, which is up 1.5%
** Rise after INBK projects a 11.2% rise in net advances, on a year-on-year basis, in the September quarter, in a business update
** Deposits up 10.1% Y/Y and 3.4% Q/Q in Q2, INBK says
** Goldman Sachs says INBK is entering a multi-year recovery phase in earnings, with asset quality stress largely behind
** Adds earnings should recover through net interest margin (NIM) expansion, fee income normalisation, operating leverage and lower credit costs
** Jefferies says INBK's core loan growth is improving while deposit growth is led by the retail segment
** Average rating of 36 analysts tracking INBK is "hold"; median PT is 1,000 rupees, according to data compiled by LSEG
** INBK shares up 4.6% in 2026 so far, lagging a 5.6% drop in the private bank index .NIFPVTBNK
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
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