Amid the sharp decline in the stock market on Tuesday, March 11, the shares of private sector IndusInd Bank also saw the highest decline. It is noteworthy that immediately after this decline, a statement was issued by the bank, in which investors were informed that there is no need to worry about the decline in shares and the bank will soon be in a strong position again.

The bank issued a statement

The statement issued by the bank said that “soon the bank will be seen in a very strong position and the management is capable of accepting all the challenges. The bank is continuously growing by providing excellent services to its users in India and globally.

Overall, it seems that the bank’s profitability and capital adequacy are healthy to absorb this one-time impact and everything will return to normal soon. Profit after tax (PAT) for the December 2024 quarter was ahead of the Street estimate of Rs 1,282 crore. The bank is already pricing in most of these uncertainties at current prices.

IndusInd Bank’s ROE is 14.26%, which is slightly better than HDFC (14.03%) and even better than Kotak (14.01%). Moreover, IndusInd Bank’s Capital Equity Ratio is much better at 17.23%, which is still above ICICI (16.33%) and even better than Axis (16.63%). The bank is trading at a very low valuation and its long-term future is extremely positive!”

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