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IndusInd Bank may not use the contingency provision, but it is prudent to provide for bad times: Sumant Kathpalia
Sumant Kathpalia, MD & CEO of IndusInd Bank, emphasizes balance sheet stability over growth amid disappointing quarterly results. The bank has made contingency provisions for its microfinance sector due to emerging stress. Kathpalia assures shareholders of the bank's solid foundation, aiming for cautious optimism and steady growth in the face of cyclical challenges.
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