IndusInd Bank: With the balance sheet stabilising, focus shifts to growth

Street's apprehension on asset quality and ability to regain footing on deposits has been arrested

When Sumant Kathpalia took charge as CEO on March 24 last year, IndusInd Bank shares were near a decade low of Rs 302 apiece. There was much scepticism around its ability to survive the asset quality crisis and questions were raised on whether it can withstand the sudden run on its deposits, partly due to the YES Bank crisis. There was very little in Kathpalia's favour when he assumed office.
 
Considering IndusInd Bank’s stock price appreciation to Rs 993 a year later — a threefold increase in returns, much of these concerns seem to have been quenched. The most