IndusInd Bank has made key leadership appointments, naming a new CHRO, chief data officer, head of wholesale banking and an MD and CEO for Bharat Financial Inclusion, its microfinance subsidiary
IndusInd expects to grow in line with the country's banking sector next year, its chief executive said last month, following efforts to clean up its books
The brokerage argued that the profitability downcycle, marked by several quarters of net interest margin (NIM) compression and elevated credit costs, is now behind the sector.
In the past one month, the stock price of IndusInd Bank has outperformed the market by gaining 13 per cent, as against 1 per cent rise in the BSE Sensex.