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IndusInd Bank Q2FY21 earnings: Net interest margins could be under pressure

Updated : October 30, 2020 09:52:40 IST

IndusInd Bank will post its Q2FY21 results today. The street is anticipating lowest net interest income (NII) growth in last six quarters. The bank has raised about Rs 3,290 crore this quarter, which should cushion the balance sheet. Deposit growth of 8 percent quarter-on-quarter (QoQ) is perhaps the best in last six quarters. It shows that customers are coming back, and are more confident about the bank’s prospects. However loan growth remains muted. Provisions may remain elevated due to moratorium loans. Net interest margin (NIM) could be under pressure. CNBC-TV18’s Abhishek Kothari has more details.

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