Buy indusind bank; Target of Rs 1640: Prabhudas Liladhar

Buy induslnd bank Target of Rs 1640: Prabhudas Liladhar

Prabhudas Liladhar is bullish on IndusInd. The bank, in its research report on December 15, 2019, has recommended a buy rating on the stock with a target price of Rs 1640.

IndusInd Bank organized a two-day event to showcase its progress in the Bhafin acquisition and also presented on non-corporate parts of the business for the way forward. (i) At Micro-Finance Peace, we were struck by the strong technology adoption by the BHAFIN team, specifically to assess the location for tagging all Sangam managers and meeting centers in real-time (food delivery applications and restaurants) Like), meeting times and routing of the center improved efficiency and visit of KMs managers.

We were also shown about the data analytics used from the BMS Kiran store collection - these initiatives will promote the next phase for the MFI business. (ii) On the consumer loan piece, the bank is targeting a dual asset and customer base over the next three years, with liabilities as the main priority, increasing customer acquisition and continuing to grow at a CAGR of 25%. At the end of FY 20 we end the CV down, while other parts of the vehicle are doing well, with strong build-up in consumer lending that may be a low mix of corporate banking, the franchise gradual scale of liabilities On and Bhaffin acquisition profits will appear other parts of the business especially liabilities will take some time.

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