IndusInd Bank Targets 10% CV Market Share, Eyes 1% ROA by FY27: CEO Rajiv Anand

• IndusInd Bank aims to increase its Commercial Vehicle (CV) business market share from 7% to 9-10%.
• CEO Rajiv Anand, after six months, believes the bank's underlying 'machine' is functioning effectively, with the worst likely over.
• The bank expects to achieve a 1% Return on Assets (ROA) by the end of FY27, a significant jump from 0.1% in Dec quarter.
• Issues in the microfinance segment are bottoming out, and the bank is addressing past audit concerns and improving staff accountability.
• IndusInd Bank is optimizing its balance sheet by shedding high-cost deposits and low-yielding corporate assets, focusing on retail and SME growth.