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HDFC Bank, IndusInd Bank reflect uneven recovery post covid

2020
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Also Read | The race to take fashion retail onlineIn contrast, IndusInd Bank Ltd reported a stagnant loan book with no growth year-on-year.

Analysts expect loan growth to remain muted in FY21 given the adverse economic conditions and caution from the management. Unlike its big peer HDFC Bank, IndusInd Bank seems to closely reflect the industry trend in growth.

The bank reported a flat loan book year-on-year. To be sure, sequentially loan book expanded by 3.2% which points to steady improvement post pandemic.Needless to say, HDFC Bank continues to enjoy a premium valuation compared with its peers.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
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Deaths: 141 607
Recovered: 0
Russia
Russia
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Deaths: 237 619
Recovered: 0
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