IndusInd Bank Ltd (LUX:IDUSB)
$ 17 0 (0%) Market Cap: 13.23 Bil Enterprise Value: 14.52 Bil PE Ratio: 12.25 PB Ratio: 1.74 GF Score: 81/100

Full Year 2024 Indusind Bank Ltd Earnings Call Transcript

Apr 25, 2024 / 12:00PM GMT
Release Date Price: $17.9 (+1.13%)
Sumant Kathpalia
IndusInd Bank Limited - MD, CEO & Additional Director

Okay. Good evening, and thank you for attending the IndusInd Bank's quarter 4 results 2024 Investor Meet. At the outset, I want to mention the bank has completed 30 years of its operations a few days back. The journey wouldn't have been possible without your support and confidence of the bank. So I want to thank all of you for the continued support to the bank in these times. I look forward to your support and hope that the bank continues to do the way it has been performing and continues to perform on a sustainable basis.

Let me start with some macro commentary and then go to bank-specific details. The Indian economy has been resilient in navigating the global challenges. Real GDP growth is among the fastest in the major economies. Improving economic activity helped credit growth sustain above 16% during financial year '24. While deposit growth is at 13% Y-o-Y, picked up compared to 9.6% last year. The liquidity environment remains challenging for the system. Financial year '25 expected to be a year of balanced growth

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