Neutral IndusInd Bank; target of Rs 1050: Motilal Oswal

Motilal Oswal's research report on IndusInd BankIndusInd Bank (IIB) reported 2QFY27 PAT of INR12.4b (MOFSLe PAT: INR9.3b), attributed to healthy NII growth and strong other income. NII grew 4% YoY (down 2% QoQ) to INR45.7b (4% beat). NIM contracted 12bp QoQ to 3.23% vs adj. NIM of 3.35% in 1QFY27…