IndusInd Bank: Gearing up for the next growth phase

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

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 income grew a bit higher at