16 views
financially strong and well capitalised :induslind bank
private sector lender indusind bank has said it is financially strong,well capitalised and profitable,amid market rumours about the health of the lender after the yes Bank crisis came to light.
"in the wake of the significantly higher level of market rumours and speculation around indusind bank stock,we would like to reiterate that the bank is financially strong,well capitalised ,profitable,and a growing entity with strong governance,"said.
the lender said gross non-performing assets (NPAs)in December quarter 2019 stood at2.18% which was lowest among large private sector banks. "we expect current quarter gross NPA to be pretty much in line with that of last quarter .we expect our net NPA of 1.05%as at the last quarter to fall below 1%,in line with our ambition to take provision cover beyond60%."
"in the wake of the significantly higher level of market rumours and speculation around indusind bank stock,we would like to reiterate that the bank is financially strong,well capitalised ,profitable,and a growing entity with strong governance,"said.
the lender said gross non-performing assets (NPAs)in December quarter 2019 stood at2.18% which was lowest among large private sector banks. "we expect current quarter gross NPA to be pretty much in line with that of last quarter .we expect our net NPA of 1.05%as at the last quarter to fall below 1%,in line with our ambition to take provision cover beyond60%."
