Ideas for Profit | Add IndusInd Bank after soft Q4 on IL&FS recognition

Moneycontrol
Moneycontrol
  • 5 years ago
IndusInd Bank’s stock had underperformed in the recent past due to a question mark on its asset quality. The fear came true with the bank finally recognising its exposure to troubled Infrastructure Leasing & Financial Services (IL&FS) as non-performing in Q4 FY19, resulting in a spike in provisions and a significant drop in profitability.

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