Credit rating agency -- Moody's Investors Service has revised upwards its outlook on IndusInd Bank to 'stable' from 'negative' while affirming its rating. The change in the outlook is driven by improvement in its funding and capital, and the marginal hit on asset quality during the pandemic. The bank's long-term local and foreign currency deposit ratings have been affirmed at ‘Ba1’, while the baseline credit assessment (BCA) and adjusted BCA have been affirmed at ‘Ba2’,
IndusInd Bank is as one of the fastest growing banks in the banking sector in India.
