Moody’s affirms IndusInd Bank ratings, revises outlook to stable

Global ratings agency Moodys Ratings has affirmed IndusInd Bank's ratings. The outlook has been revised to stable from negative. This reflects stabilising senior leadership and easing funding and liquidity pressures. Operating conditions are improving. Profitability is expected to improve gradually over the next 12 to 18 months. Moderate balance sheet growth is also anticipated.