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IndusInd Bank expects NIM recovery in Q3/Q4; FCNR drove 7-8 bps hit

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IndusInd Bank expects NIM recovery in Q3/Q4; FCNR drove 7-8 bps hit

IndusInd Bank expects NIM recovery in Q3/Q4; FCNR drove 7-8 bps hit

IndusInd Bank expects to recover part of the 12-basis-point quarter-on-quarter decline in adjusted net interest margin in Q3 and Q4, with management attributing 7–8 basis points of the compression to FCNR(B) mobilisation and the rest to loan mix.

NIM stood at 3.23% in Q2 FY27 versus adjusted 3.35% in Q1; reported Q1 NIM was 3.57%

Bank mobilised $3.51 billion through RBI’s FCNR(B) swap window and has already cut its CD book by around Rs 10,000 crore

Management expects faster retail asset growth in Q3 and Q4 to support NIM recovery

Bank says recent and expected rate hikes should be positive for NIM

Private sector lender IndusInd Bank expects to recover part of the 12 basis point quarter-on-quarter decline in adjusted net interest margin in the coming quarters, with the lender attributing 7-8 basis points of the compression in Q2 FY27 to the mobilisation of FCNR(B) deposits . 57% in the previous quarter. 35%. 23. So, it is a 12 basis point quarter-on-quarter drop. ,” CFO Viral Damania said.



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