Indusind Bank Ltd. · NSE:INDUSINDBK
Indusind Bank — Q4 FY23 Earnings Presentation
66 slides from Indusind Bank's earnings presentation, Apr 24, 2023
Slide 1: Investor Presentation Q4-FY23
Investor Presentation Q4-FY23 | MARCH 2023 April 24, 2023
Slide 2: IndusInd Bank at a Glance
IndusInd Bank at a Glance 5th Largest Private Bank ₹2,89,924 crs ₹ 3,36,120 crs 34 mn 6,491 with Disproportionately Loans Deposits Customers Group Network Large Distribution Network Diversified Across Products and Geographies Across Segments Pan India Universal Banking Approach 54:46 Loan Mix 40% CA
Slide 3: Key Outcomes for Q4FY23 & FY23
Key Outcomes for Q4FY23 & FY23 1 Continued momentum on retailisation of deposits Retail deposits as defined by LCR grew by 19% YoY & 4% QoQ Share of retail deposits as defined by LCR improved to 43% from 41% YoY 2 Loan growth acceleration driven by retail businesses Retail loans grew by 7% QoQ
Slide 4: Key Financial Highlights for Q4 FY23
Key Financial Highlights for Q4 FY23 Loans Deposits CASA Term Deposits Total Assets Balance ₹2,89,924crs ₹3,36,120 crs ₹1,34,728crs ₹2,01,392crs ₹4,57,837crs Sheet 21% YoY 6% QoQ 15% YoY 3% QoQ 7% YoY 1% QoQ 20% YoY 7% QoQ 14% YoY 3% QoQ Net Interest Income Total Fee Income Revenue Operating Profit
Slide 5: Consolidated Balance Sheet
Consolidated Balance Sheet ₹In crs Q4 FY23 Q4 FY22 Y-o-Y (%) Q3 FY23 Q-o-Q (%) Capital & Liabilities Capital 776 775 - - 775 - - Reserves and Surplus 54,229 47,252 15% 52,109 4% Deposits 3,36,120 2,93,349 15% 3,25,278 3% Borrowings 49,011 47,323 4% 47,284 4% Other Liabilities and Provisi
Slide 6: Consolidated Profit and Loss Account – Q4 & 12M FY23
Consolidated Profit and Loss Account – Q4 & 12M FY23 ₹In Crore Q4FY23 Q4FY22 Y-o-Y (%) Q3FY23 Q-o-Q (%) 12M FY23 12M FY22 Y-o-Y (%) Net Interest Income 4,669 3,985 17% ▲ 4,495 4% ▲ 17,592 15,001 17% ▲ Other Income 2,154 1,903 13% ▲ 2,077 4% ▲ 8,173 7,345 11% ▲ Total Income 6,823 5,888 16% ▲ 6,572 4%
Slide 7: Key Strengths of the Bank
Key Strengths of the Bank Diversified Robust Strong Profitability Stable Loan Book with Domain Liability Franchise Product Groups amongst the Highest Asset Quality Expertise in Livelihood in Industry with Conservative Loans Provisioning Healthy Disproportionately Executing Digital ESG Experienced Ca
Slide 8: Key Strengths of the Bank
Key Strengths of the Bank Diversified Robust Strong Profitability Stable Loan Book with Domain Liability Franchise Product Groups amongst the Highest Asset Quality Expertise in Livelihood in Industry with Conservative Loans Provisioning Healthy Disproportionately Executing Digital ESG Experienced Ca
Slide 9: Well Diversified Loan Book across Consumer and Corporate Products
Well Diversified Loan Book across Consumer and Corporate Products (₹crs) Loan Book Mix (₹crs) 2,39,052 2,47,960 2,60,129 2,72,754 2,89,924 Consumer Banking Mar-23 % Vehicle Finance 75,243 26% 46% 46% 47% 47% 46% Commercial Vehicle 28,171 10% Utility Vehicle 9,029 3% 54% 54% 53% 53% 54% Small CV 3,45
Slide 10: Vehicle Finance: Granular Portfolio Across Vehicle Categories
Vehicle Finance: Granular Portfolio Across Vehicle Categories Overview of Vehicle Finance Division Diversified Vehicle Loan Book across Vehicle Categories (%) Small CV Two Wheelers 5% 6% Market Leader Utility Vehicle 35+ Years of Vintage Focus on Business CV in Most Products 12% Across Credit Cycles
Slide 11: Microfinance: Bridging the Financial Inclusion Gap
Microfinance: Bridging the Financial Inclusion Gap Micro Finance Loan Book (₹crs) 30,612 32,215 29,403 29,617 29,688 2nd Largest 10mn 1.37 Lacs Villages Micro Finance Women Customers covered across 21 5% YoY Lender States 9% QoQ Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Average Ticket Size (₹) 32,
Slide 12: Corporate Portfolio – Focus on Granular, Higher Rated Customers
Corporate Portfolio – Focus on Granular, Higher Rated Customers Corporate Loan Book (₹crs) Improving Risk Profile * 1,34,150 BB+ & Below BBB-, BBB, BBB+ A-, A, A+ AA-, AA, AA+ AAA 1,27,010 1,21,766 1,14,429 1,09,463 23% YoY 23% 22% 22% 22% 24% 25% 24% 24% 6% QoQ 27% 26% 28% 27% 22% 24% 22% 23% 4
Slide 13: Non-Vehicle Retail Loans – Risk Calibrated Growth Strategy
Non-Vehicle Retail Loans – Risk Calibrated Growth Strategy Business Banking (₹crs) Loan Against Property (₹crs) 9,640 13,845 9,248 9,502 12,839 8,817 9,009 12,203 12,512 11,892 16% YoY 9% YoY 8% QoQ 1% QoQ Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Credit Cards (₹c
Slide 14: Key Strengths of the Bank
Key Strengths of the Bank Diversified Robust Strong Profitability Stable Loan Book with Domain Liability Franchise Product Groups amongst the Highest Asset Quality Expertise in Livelihood in Industry with Conservative Loans Provisioning Healthy Disproportionately Executing Digital ESG Experienced Ca
Slide 15: Deposit Growth Driven by Granular Retail Deposits
Deposit Growth Driven by Granular Retail Deposits; Building Stable Low-Cost Deposit Book Deposits (₹crs) Retail Deposits as per LCR (₹crs)* Retail Deposits Share of Retail Deposits (%) 43% 42% 3,36,120 41% 3,25,278 41% 3,15,532 3,02,719 41% 2,93,349 15% YoY 19% YoY 1,20,509 3% QoQ 1,24,105 1
Slide 16: Healthy Share of CASA; Strong Liquidity Profile
Healthy Share of CASA; Strong Liquidity Profile CASA (₹crs) CA (₹crs) CASA Share of CASA % CA Share of CA % 42% 42% 40% 15% 15% 43% 43% 12% 12% 14% 50,007 50,600 44,157 39% YoY 1,33,525 1,36,379 1,34,728 36,507 35,265 1,25,333 1,30,508 7% YoY 1% QoQ 1% QoQ Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4
Slide 17: Borrowings Constituted by Long Term Sources
Borrowings Constituted by Long Term Sources Borrowings Mix (%) Borrowings (₹crs) Short-Term Borrowings (₹Cr) % of Total Liabilities Infrastructure FCY (less than 12 months) Bonds AT1 Bonds 5% 3% 3% 11% 11% Tier 2 Bonds 12% 10% 10% 6% 49,011 47,323 47,284 41,812 40,673 Refinance from Long-Term FCY De
Slide 18: Key Strengths of the Bank
Key Strengths of the Bank Diversified Robust Strong Profitability Stable Loan Book with Domain Liability Franchise Product Groups amongst the Highest Asset Quality Expertise in Livelihood in Industry with Conservative Loans Provisioning Healthy Disproportionately Executing Digital ESG Experienced Ca
Slide 19: Strong Product Groups with Efficient Capital Deployment
Strong Product Groups with Efficient Capital Deployment LC-BG Mix Low RWA Consumption (₹crs) One of the largest LC - Usance treasuries in Indian banks Notional Amount Risk Weighted Assets 17% with best-in-class risk 11,85,631 LC - Sight Financial management systems 4% Guarantees 0.6%# 38% Robust
Slide 20: Key Strengths of the Bank
Key Strengths of the Bank Diversified Robust Strong Profitability Stable Loan Book with Domain Liability Franchise Product Groups amongst the Highest Asset Quality Expertise in Livelihood in Industry with Conservative Loans Provisioning Healthy Disproportionately Executing Digital ESG Experienced Ca
Slide 21: Yield / Cost Movement
Yield / Cost Movement 12.02% 11.75% 9.20% 8.99% Yield on Assets 5.81% 5.47% Yield on Advances 4.92% 4.72% Cost of Deposits Cost of Funds Q4FY23 Q3FY23 Segment-wise Yield: Q4FY23 Q3FY23 Outstanding (₹crs) Yield (%) Outstanding (₹crs) Yield (%) Corporate Banking 134,150 8.89% 1,27,010 8.57% Consumer B
Slide 22: Diversified and Granular Fee and Other Income Streams
Diversified and Granular Fee and Other Income Streams ₹In crs Q4FY23 Q4FY22 Y-o-Y(%) Q3FY23 Q-o-Q(%) Trade and Remittances 200 198 - 201 - Foreign Exchange Income 269 233 15% 249 8% Cards and Distribution Fees 714 470 52% 619 15% General Banking Fees 237 209 13% 248 (4%) Loan Processing
Slide 23: Operating Profit Margins Amongst the Highest in Industry
Operating Profit Margins Amongst the Highest in Industry Net Interest Margin (%) Total Fee to Asset Ratio (%) 1.9% 1.9% 1.9% 1.9% 1.9% 4.20% 4.21% 4.24% 4.27% 4.28% Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Operating Profit Margin (%) Cost to Income Ratio (%) 5.
Slide 24: Key Financial Indicators
Key Financial Indicators Return on Assets (%) Return on Equity (%) 1.80% 1.87% 1.90% 1.73% 1.51% 15.23% 15.26% 14.45% 13.44% 11.92% Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Earning Per Share – Annualized (₹) Net Worth (₹ crs) 101.3 105.4 47,265 48,186 50,686 52
Slide 25: Key Strengths of the Bank
Key Strengths of the Bank Diversified Robust Strong Profitability Stable Loan Book with Domain Liability Franchise Product Groups amongst the Highest Asset Quality Expertise in Livelihood in Industry with Conservative Loans Provisioning Healthy Disproportionately Executing Digital ESG Experienced Ca
Slide 26: Movement in Non-Performing Assets
Movement in Non-Performing Assets Q4FY23 Q3FY23 ₹In crs Corporate Consumer Total Corporate Consumer Total Opening Balance 1,869 3,842 5,711 2,251 3,316 5,567 Fresh Additions 264 1,339 1,603 119 1,348 1,467 -from Standard 82 1,162 1,244 80 1,055 1,135 -from Restructured 182 177 359 39 293 332 Deducti
Slide 27: NPA Composition – Consumer Banking
NPA Composition – Consumer Banking (₹crs) Q4 FY23 CV Utility CE Small CV TW Cars Tractor BBG/LAP HL/PL/Others Cards MFI Total Gross NPA 311 29 86 57 352 53 161 797 256 206 1,449 3,757 Gross NPA % 1.10% 0.32% 0.87% 1.63% 7.17% 0.50% 1.71% 3.32% 1.39% 2.39% 4.32% 2.37% Q3 FY23 CV Utility CE Small CV T
Slide 28: Loan Related Provisions held as on March 31, 2023
Loan Related Provisions held as on March 31, 2023 Specific provision of ₹ 4,041 crs for non-performing accounts(towards PCR) Floating provisions of ₹ 70 crs (towards PCR) Standard contingent provisions of ₹ 1,900 crs surplus outside PCR Standard asset provisions of ₹ 1,313 crs other than con
Slide 29: Key Strengths of the Bank
Key Strengths of the Bank Diversified Robust Strong Profitability Stable Loan Book with Domain Liability Franchise Product Groups amongst the Highest Asset Quality Expertise in Livelihood in Industry with Conservative Loans Provisioning Healthy Disproportionately Executing Digital ESG Experienced Ca
Slide 30: Healthy Capital Adequacy
Healthy Capital Adequacy CET1 Ratio (%) 15.96% 16.06% 15.97% 15.93% 16.01% Capital Adequacy ₹In crs 31 Mar 23 31 Dec 22 Credit Risk, CVA and UFCE 2,85,986 2,76,259 Market Risk 8,639 8,199 Operational Risk 42,411 38,026 Total Risk Weighted Assets 3,37,036 3,22,484 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 C
Slide 31: Shareholding Pattern and Credit Ratings
Shareholding Pattern and Credit Ratings Diversified Shareholding Credit Ratings Domestic Rating: GDR issue NRIs/ Director/ 8.18% CRISIL AA + for Infrastructure Bonds program/Tier 2 Bonds Others Promoters 1.96% 15.15% CRISIL AA for Additional Tier 1 Bonds program Individuals 7.31% CRISIL A1+ fo
Slide 32: Key Strengths of the Bank
Key Strengths of the Bank Diversified Robust Strong Profitability Stable Loan Book with Domain Liability Franchise Product Groups amongst the Highest Asset Quality Expertise in Livelihood in Industry with Conservative Loans Provisioning Healthy Disproportionately Executing Digital ESG Experienced Ca
Slide 33: Disproportionately Large Distribution Network with Unparalleled Rural Presence
Disproportionately Large Distribution Network with Unparalleled Rural Presence Distribution Network with Deep Rural Presence Strengthening Distribution Infrastructure Mar 31, Jun 30, Sep 30, Dec 31, Mar 31, Particulars 2022 2022 2022 2022 2023 ~34 mn ~1,37,000 Branches/Banking Outlets 2,265 2,286 2,
Slide 34: Key Strengths of the Bank
Key Strengths of the Bank Diversified Robust Strong Profitability Stable Loan Book with Domain Liability Franchise Product Groups amongst the Highest Asset Quality Expertise in Livelihood in Industry with Conservative Loans Provisioning Healthy Disproportionately Executing Digital ESG Experienced Ca
Slide 35: Digital Strategy at IndusInd: Digital Transaction Intensity
Digital Strategy at IndusInd continues to drive impact across 3 primary Business Objectives Digital transaction intensity continues to grow and more and more of existing business moving digital 1 93% of transactions 30% YoY growth in 60% YoY growth in 66% YoY growth in 30% QoQ growth in processed di
Slide 36: Digital Strategy: Direct Platform led Business
Digital Strategy at IndusInd continues to drive impact across 3 primary Business Objectives Direct platform led business continues to grow at a robust pace 3 Do It Yourself (DIY) Direct Platform led Business: Assets grew 496% YoY, Liabilities grew 44% YoY DIY Savings Account DIY Current Account with
Slide 37: Digital Strategy: Open Banking led Business Models
Digital Strategy at IndusInd continues to drive impact across 3 primary Business Objectives Open Banking led business models continue to show robust growth 3 Open Banking / BaaS led business: Digital Partnerships AUM (Assets + Liabilities) grew 3.7X YoY Indexed Client Acquisitions Use Cases: • KYC /
Slide 38: User growth on Digital applications continues to show robust growth
User growth on Digital applications continues to show robust growth IndusMerchantSolutions awarded Best Merchant Acquirer of the Year Mobile Banking • Indus Merchant App went live with its offering for 6+ lacs Bharat Super Shop Merchant (BSS) Indus Mobile Monthly Active Users Growth YoY • Monthly ac
Slide 39: Key Strengths of the Bank
Key Strengths of the Bank Diversified Robust Strong Profitability Stable Loan Book with Domain Liability Franchise Product Groups amongst the Highest Asset Quality Expertise in Livelihood in Industry with Conservative Loans Provisioning Healthy Disproportionately Executing Digital ESG Experienced Ca
Slide 40: ESG highlights for Q4 of FY23
ESG highlights for Q4 of FY23 SOP for Risk Industry Reports and Sharing Partnerships Checklists Sustainability section of Website Revamped Approved Standard Operating Domain experts have created The new and improved Processes to streamline severe impact industry reports sustainability section of the
Slide 41: Key Strengths of the Bank
Key Strengths of the Bank Diversified Robust Strong Profitability Stable Loan Book with Domain Liability Franchise Product Groups amongst the Highest Asset Quality Expertise in Livelihood in Industry with Conservative Loans Provisioning Heathy Disproportionately Executing Digital ESG Experienced Cap
Slide 42: Board of Directors with Varied Expertise
Board of Directors with Varied Expertise Name Nature of Directorship Special Knowledge /Expertise Prior Experience Was on the board of all AIG companies in India, Held various senior positions at Non-Executive, Non- Banking, Financial services, Citibank, Independent Director on the Board of State Ba
Slide 43: Experienced and Well-knit Management Team
Experienced and Well-knit Management Team Name Designation Exp (Yrs) Prior Experience Career banker with years of rich experience in large multi-national banks such as Citibank, Bank of Mr. Sumant Kathpalia Managing Director & CEO 31+ America and ABN AMRO Mr. Arun Khurana Deputy CEO 29+ Regional Hea
Slide 44: Planning Cycle 5 Update & Outcome
Planning Cycle 5 Update & Outcome 44
Slide 45: PC-5 Strategy: Broad Themes
PC-5 Strategy Planning Cycle 5 (2021–23) Strategy Scale with Sustainability Leapfrog Digital Banking Fortifying Liabilities Broad Themes Scaling up Domains of Expertise Investing in New Growth Engines Conservative & Robust Practices 45
Slide 46: Scale with Sustainability: Improved Across Sustainability Metrics
Scale with Sustainability: Improved Across Sustainability Metrics FY20: 102% FY23: 86% Credit to Deposit Ratio <95% Certificates of FY20: 3.15x Lower Non-Funded Deposits FY20: 16% FY23: 2.77x to Funded Ratio FY23: 3% 5%-10% CRAR FY20: 15.04% FY23: 17.86% FY20: 63% PCR Retail LCR Deposits FY20: 31% F
Slide 47: PC-5 Strategic Priorities
PC-5 Strategic Priorities 1. Retail Liabilities Surge 5. 2. New Fine-tuning Growth Corporate Bank Boosters Underpinned by Approach Digitization & Sustainability 3. 4. Holistic Scaling up Rural Domains Banking 47
Slide 48: Retail Liabilities Surge: Building Robust Retail Deposit Franchise
1 Retail Liabilities Surge: Progressed towards Building Robust Retail Deposit Franchise Robust Deposit Growth Driven by Retail & CASA Increased Ramped Share of Retail up Client Deposits Acquisition Continued Investment in Distribution Network ~74% of incremental deposits from retail & CASA (Rs in cr
Slide 49: Fine-tuning Corporate Banking Approach
2 Fine-tuning Corporate Banking Approach: Scaling Granular Franchise with Lower Risk Intensity Improved Rating Profile Granular Fee Mix Corporate Book Rating Corporate Fee Mix AAA 19% 22% 5% A & above Investment Banking 34% AA-, AA, AA+ 15% 24% A & above 35% 63% 73% Trade & Remittances A-, A, A+ 29%
Slide 50: Holistic Rural Banking: Leveraging Deep Rural Distribution
3 Holistic Rural Banking: Leveraging Deep Rural Distribution Rural Focused Loans SA and RD Accounts in Microfinance (#mn) Tractor KCC BFIL Agri Business Group 16% 14.1 CAGR 10.4 Deposits 6.3 Rs.2,300cr + 17% of 19% of 5.3 Loans Loans FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 Bharat Money Stores (# ‘00
Slide 51: Scaling Up Domains: Recovery in Growth following Asset Quality Outperformance
4 Scaling Up Domains: Recovery in Growth following Asset Quality Outperformance Domains Contributes 42% of Loan Book Vehicle Finance (Rs. in crore) Vehicle Finance 26% 75,243 61,313 61,923 Asset quality 57,054 outperformance across Others vehicle categories 58% BFIL 12% Diamond Mar-20 Mar-21 Mar-22
Slide 52: New Growth Boosters: Continued Scaling up PC-4 and PC-5 Initiatives
5 New Growth Boosters: Continued Scaling up PC-4 and PC-5 Initiatives Affluent Banking (Rs. in crore) NRI Banking Ramped (Rs. in up Client crore) Acquisition Tractor Finance (Rs. in crore) Net Relationship Value Deposits 26% 28% 21% CAGR 9,372 CAGR 67,371 CAGR 34,220 7,907 59,935 50,903 25,706 26,80
Slide 53: PC-5 Outcome vs Expectation
PC-5 Outcome vs Expectation Planning Cycle 5 (2021–23) Parameter PC-5 Ambition Outcome Loan Growth CAGR 15% - 18% 17% CASA Ratio > 40% 40.1% Revenue Growth Exceed Balance Sheet Growth 13% vs 12% PPOP / Loans > 5% 5.7% Branch Network 2,500 2,606 Customer Base Double to >45mn 34mn
Slide 54: Planning Cycle 6 Strategy of IndusInd Bank
Planning Cycle 6 Strategy of IndusInd Bank
Slide 55: PC-6 Key Themes
PC-6 Key Themes Planning Cycle 6 (2023–26) Market Share with Diversification Strategy 3G: Growth, Granularity, Governance 1 Continuing Retailisation Journey 2 Diversifying Domains Key 3 Themes Scaling Sub-scale Businesses 4 Accelerating Digital 2.0 5 Imbibing ESG into Business 55
Slide 56: PC-6 Strategy
PC-6 Strategy Growth « Granularity - Governance DELIVERING MARKET SHARE WITH DIVERSIFICATION °6 IndusInd Bank
Slide 57: Continuing Retailisation Journey: Multipronged Strategy in Place
1 Continuing Retailisation Journey: Multipronged Strategy in Place Continue increasing share of retail deposits Multipronged strategy in place to progress towards Share of Retail Deposits as per LCR building granular retail deposit franchise 45%-50% 43% A Strengthening the Core Business • Branch Net
Slide 58: Diversifying Domains: Market Leadership with Diversification
2 Diversifying Domains: Market Leadership with Diversification Vehicle Finance Inclusive Banking - Gems & Division BFIL Jewellery Maintain or Improve Market Evolving from Microfinance to An Approach to Position Across Vehicle Categories Micro Banking Community Banking • Participating in the cyclical
Slide 59: Scaling Sub-scale Businesses: Bolstering Growth with Diversification
3 Scaling Sub-scale Businesses: Bolstering Growth with Diversification Mortgage Backed Loans MSME Existing Initiatives Complete mortgage offerings with launch of Multichannel & multiproduct strategy to Gaining Market Share in PC-5 Home Loan address the unique needs of MSMEs Initiatives Affluent Bank
Slide 60: Accelerating Digital 2.0 via Dedicated Digital Business Unit
4 Accelerating Digital 2.0 via Dedicated Digital Business Unit Building efficient / profitable digital bank catering to needs of Individual and MSME clients Individual SME Digital Segment Segment Partnerships • IndusEasy credit led Personal • Merchant acquisition via • Focus on few partners & deep L
Slide 61: Sustainability Driven Growth: Imbibing ESG into Business
5 Sustainability Driven Growth: Imbibing ESG into with Business Environment Social Governance • Climate Finance: Growing share of Climate & • Inclusive Banking: Scaling microfinance book • Board level ESG Committee overseeing bank- Transition finance in loan book creating wide impact on bottom of th
Slide 62: PC-6 Expected Outcome
PC-6 Expected Outcome Planning Cycle 6 (FY 2023-26) Loan Growth 18%-23% Retail Loan Mix 55%-60% Resulting in Retail Deposits as per LCR 45%-50% PPOP / Loans 5.25% - 5.75% Branch Network 3,250 - 3,750 Customer Base > 50mn 62
Slide 63: Awards & Accolades
Awards & Accolades 8 IndusInd Bank
Slide 64: IndusInd Bank
IndusInd Bank
Slide 65: Awards and Accolades
Awards and Accolades ‘Escorts Kubota Ltd’ ‘Bharat FinTech Summit 2023’ Escorts Kubota Ltd. recently awarded IndusInd Bank won the IndusInd Bank – TFE Team for being the Best CIO award at the Number 1 Financier for 2 consecutive recently concluded Bharat Financial years FinTech Summit 2023. 65
Slide 66: Disclaimer
Disclaimer This presentation has been prepared by IndusInd Bank Limited (the “Bank”) solely for information purposes, without regard to any specific objectives, financial situations or informational needs of any particular person. All information contained has been prepared solely by the Bank. No in