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IndusInd Bank: Gearing up for the next growth phase

Run-rate suggests bank on track to meet its aims of doubling operations by FY20

Hamsini Karthik  |  Mumbai 

The performance of IndusInd Bank suggests some concerns on likely dip in non-interest income and sustainability of deposits garnered in December quarter were a bit stretched. March quarter (Q4) results re-iterated that the bank is in the right direction to achieve its three-year targets, which include doubling customer base to 20 million. Among others, it plans to expand loan book 25-30 per cent by FY20, while improving its current account-savings account share in deposits to 40 per cent.  Net interest income at Rs 1,667 crore expanded 31 per cent year over year, while fee ...

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