Moody's Investors Service has upgraded IndusInd Bank's outlook to stable from negative, while affirming the lender's current ratings. The agency noted that a stabilization in the bank's senior leadership has been a key factor in this positive revision.
Funding and Liquidity Ease
The agency also highlighted easing pressures on IndusInd Bank's funding and liquidity. This indicates a stronger financial position and better resilience to market volatility. Moody's predicts that the bank's profitability will gradually increase over the next 12 to 18 months, supported by these improvements.
Moderate Growth Ahead
Looking forward, Moody's forecasts moderate growth in IndusInd Bank's balance sheet within the same 12 to 18-month period. This expected expansion is seen as a positive sign for the bank's overall credit strength and future business prospects.
