IndusInd Bank: No Loan Stress in Gems & Jewellery Despite Sector Slowdown

• IndusInd Bank's Managing Director and CEO, Rajiv Anand, stated that the bank's gems and jewellery portfolio shows no loan stress, despite the sector facing pressure for over a year.
• The gems and jewellery portfolio constitutes about 3% of the bank's total loan book, approximately ₹9,500 crore, and has maintained asset-quality stability.
• The sector's slowdown is attributed to tariff issues and reduced demand from China post-pandemic, but IndusInd Bank has not experienced any loan slippages.
• The recently concluded US–India trade deal, fixing an 18% flat tariff, is expected to positively impact gems and lab-grown diamonds exports, benefiting the industry.
• IndusInd Bank is comfortably capitalized with a capital adequacy ratio of 17% and a Common Equity Tier-1 ratio of 15.8%, with no immediate plans for capital raising.