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IndusInd Bank has a long list of woes. Can its new CEO regain the market’s lost trust?

The IndusInd Bank stock has underperformed the Bank Nifty since August 2018. Blame NPA divergence following RBI’s asset-quality review and its exposure to IL&FS, telecom, commercial-vehicle loan, real estate, microfinance, etc. Sumant Kathpalia, who takes charge on March 24, must focus on low-cost liabilities and less-risky lending to get a fix on the downfall.
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2 Mar 2020 11 Mins Read 1 comments
Indusind Bank ATM operation newly started inside Quest Mall Kolkata on August 4, 2019. Getty Images
Indusind Bank ATM operation newly started inside Quest Mall Kolkata on August 4, 2019.
In the early 90’s, as India was carrying on with the baby steps towards a more open economy, Srichand P Hinduja, chairman of Hinduja Group, got what many business houses were chasing with a messianic zeal — a banking licence. In1994 when then finance minister Manmohan Singh came to cut the ribbon, IndusInd Bank, the first among the new-generation private
and partnerships will be key enablers. The merger with Bharat Financial is also an important enabler,” it added. With a new CEO at its helm, IndusInd Bank will have to correct some of its past mistakes and reclaim the ‘quality’ tag it sported not too long ago. ( Graphics by Sadhana Saxena; research support by Rochelle Britto)
In the early 90’s, as India was carrying on with the baby steps towards a more open economy, Srichand P Hinduja, chairman of Hinduja Group, got what many business houses were chasing with a messianic zeal — a banking licence. In1994 when then finance minister Manmohan Singh came to cut the ribbon, IndusInd Bank, the first among the new-generation private and partnerships will be key enablers. The merger with Bharat Financial is also an important enabler,” it added. With a new CEO at its helm, IndusInd Bank will have to correct some of its past mistakes and reclaim the ‘quality’ tag it sported not too long ago. ( Graphics by Sadhana Saxena; research support by Rochelle Britto)

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