RIL’s rights issue to boost investor confidence, help realise debt-free dream: Deven R Choksey

I was scanning the numbers for IndusInd Bank. Most of the brokerages are saying that there is a miss on PAT, slippages are higher, deposit growth ratio is a concern and cost to income ratios have gone higher. What is your sense on IndusInd Bank? Is the stock headed higher or lower post the numbers and are numbers giving clarity on what is going on with the bank and why the stock has collapsed 80%?
I think much of the concerns that you have raised are there. The last quarter numbers are probably not the full reflection of the likely situation coming in from April to June quarter. I think then we will have to be a little bit more sure about how exactly the April to June quarter plays out because on one side, we have a commercial vehicle portfolio and on other side, we also have the other portfolio including the lending to the diamond business. I think these are some of the areas where one is not fully sure as to how things are likely to pan out for the kind of additional provisions that will have to be given in that kind of a situation. Definitely, the commentary of the management to understand the subject would be more meaningful and important. As of now, whatever the numbers that they have provided probably is something which we go by. We will have to look at better numbers or the clarity if I may put it in a sensible way.