IndusInd Bank Ltd (BOM:532187)
₹ 984.95 1.45 (0.15%) Market Cap: 766.81 Bil Enterprise Value: 753.80 Bil PE Ratio: 9.48 PB Ratio: 1.17 GF Score: 59/100
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Q3 2021 Indusind Bank Ltd Earnings Call Transcript

Jan 29, 2021 / NTS GMT
Release Date Price: ₹846.25 (+5.44%)
Operator

Ladies and gentlemen, good day, and welcome to the IndusInd Bank Limited Q3 FY '21 Earnings Conference Call. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Mr. Sumant Kathpalia, Managing Director and CEO, IndusInd Bank. Thank you, and over to you, sir.

Sumant Kathpalia
IndusInd Bank Limited - MD, CEO & Additional Director

Good evening, everybody, and thank you for joining this call. I will start with some macro commentary and then go into bank specific details. At the macro level, economic recovery continued to strengthen in quarter 3 financial year '21, after a swift rebound in the previous quarter. Manufacturing PMI continues to remain strong, post reaching to record high in October and services PMI remained in expansion job for the last 2 months.

GST collections have been consistently over INR 100,000 crore per month. Collectively, this shows sentiments, activity and profitability improving for the industry. While overall demand continues to show robust growth, urban demand

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