IndusInd Bank Ltd (LUX:IDUSB)
$ 17.2 0 (0%) Market Cap: 13.40 Bil Enterprise Value: 13.25 Bil PE Ratio: 9.54 PB Ratio: 1.18 GF Score: 64/100
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Q3 2024 Indusind Bank Ltd Earnings Call Transcript

Jan 18, 2024 / 12:00PM GMT
Release Date Price: $19.4 (-1.52%)
Operator

Ladies and gentlemen, good day, and welcome to IndusInd Bank Limited Q3 FY '24 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 Chief Executive Officer, IndusInd Bank. Thank you, and over to you, sir.

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

Good evening, and thank you for joining the call. Let me start with some macro commentary and then get into bank-specific details.

Indian economy delivered a robust quarter 2 real GDP showing 7.6% Y-o-Y growth and RBI raising the financial year '24 growth forecast markedly to 7%. Economic activity sustained momentum in quarter 3, supported by resilient urban demand and gradual turnaround in rural demand. Investment activity continues to be aided by buoyancy in the public sector CapEx.

Financial markets and bank system conditions largely remained stable. Bank credit growth remained steady around 16%, while growth in deposits picked

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