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Will reassess situation in May as covid impact unfolds, says IndusInd Bank CEO

India city Mumbai covid-19 Coronavirus Waves
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Mumbai: Saying that full impact of covid-19 is yet to come to the fore, privately-held IndusInd Bank on Friday refrained from providing guidance on some business parameters.“We do not want to give any outlook for the quarter because we want to wait on how covid-19 plays out," said Sumant Kathpalia, chief executive, IndusInd Bank.He told reporters that the first 15 days of April witnessed very good credit growth and while there is a little bit of a slowdown right now because of the second wave, the bank will reassess the situation in May.

In Q4, the bank’s advances grew 3% year-on-year (y-o-y) to ₹2.12 trillion.As the second wave of the coronavirus rages through India, it has exposed critical gaps in our healthcare infrastructure, with.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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