Elevated slippages may persist
Gross slippages of INR 1,765 crore were higher than guided, and normalization to INR 1,100-1,200 crore depends on vehicle finance recovery.
INDUSINDBK / Q3-FY24 / risks
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IndusInd Bank · Material risks, their source context, and severity in the latest available quarter.
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Risk intelligence
Material risks this quarter
high
Contingency provision usage delays buffer building
Management used contingency provisions in Q3 instead of building them, delaying the creation of a buffer against cyclical risks.
Election-related demand slowdown in vehicle finance
Management noted that elections could cause dullness in MHCV, LCV, and tractor segments, impacting vehicle finance growth.