Half Year 2022 Indusind Bank Ltd Earnings Call Transcript
Ladies and gentlemen, good day, and welcome to IndusInd Bank Limited Q2 FY '22 Earnings Conference Call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Sumant Kathpalia, Managing Director and CEO, IndusInd Bank. Thank you, and over to you, sir.
Good evening, and thank you for joining this call. I will start with some macro commentary and then go into the bank-specific details. Economic activity is gradually improving with easing of mobility restrictions, rising pace of vaccination crossing 1 billion mark, growing exports, favorable financial and market conditions and increasing government capital expenditure.
Consumer and business confidence on future prospect is also improving. Strong performance of the farm sector, pick-up in the manufacturing activity and now even a recovery in the contact-intensive services bodes well for the growth in the bank credit going forward. A decadal low interest rates across
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