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Despite a largely stable December quarter, investors booked profit in shares of IndusInd Bank (IIB) as an increase in slippages took them by surprise. Analysts, on their part, believe investors may, now, wait for actual delivery on slippage decline, potentially limiting near-term upside. 'The management has indicated that corporate slippages (from legacy stressed book) have ended and inch up in consumer finance slippages was more one-off, and should meaningfully improve Q4FY24 onwards.

US Fed meeting, corporate earnings, Budget, and several IPOs are likely to impact Dalal Street investors this week. “Going forward, global market factors like the policy rate decisions of major countries will affect the market, and markets are likely to witness stock-specific actions during the ongoing earnings season,” said Vinod Nair, Head of Research, Geojit Financial Services.

By Nikita Vashisht Despite a largely stable December quarter, investors booked profit in shares of IndusInd Bank (IIB) as an increase in slippages took

Analysts have said that the bank can post good numbers as the bank’s asset quality is expected to remain stable due to the improvement seen in the recoveries in the past few quarters.

YES Bank Q3 earnings: Emkay Global expects YES Bank to report a 706 per cent YoY surge in net profit at Rs 415.10 crore against Rs 51.50 crore in the same quarter last year.