IndusInd

The bank's net interest income (NII) rose by 5 per cent Y-o-Y to Rs 5,347 crore, while the net interest margin (NIM) moderated to 4.08 per cent, down from 4.29 per cent last year

On sequential basis, the banks net advances grew 3 per cent to Rs 3,47,898 crore as on 30 September2024

Fair trade regulator CCI on Tuesday approved the acquisition of majority stake in each of Invesco Asset Management and Invesco Trustee by IndusInd International Holdings Ltd. "The proposed combination pertains to the acquisition of 60 per cent shareholding in each of Invesco Asset Management (India) Pvt Ltd (Invesco AMC) and Invesco Trustee Pvt Ltd (Invesco Trustee) by IndusInd International Holdings Ltd (IIHL). "IIHL will be holding the investment through its wholly-owned and controlled subsidiary, IIHL AMC Holdings Ltd (IIHL AMC), which has been incorporated specifically for the purposes of proposed combination," the regulator said in a release. IIHL is a global business license (Category 1) licensee company incorporated in the Republic of Mauritius. It is a investment holding whereby IIHL holds shares in different companies spread across sectors. The Competition Commission of India (CCI) said it has cleared the deal. Invesco Trustee and Invesco AMC are the trustee company and a

The stock of private sector bank is quoting lower for the sixth straight trading days, falling 6% during the period and 20% from its 52-week high of Rs 1,694.35 hit on January 15, 2024.

The Net Interest Income (NII) which is the difference between interest earned and paid - stood at Rs 5296 crore for the period which was 17.81 per cent up from Rs 4495 crore in the year ago period

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Debt-ridden Reliance Capital on Wednesday said the RBI-appointed administrator has submitted the name of IndusInd International Holdings Limited (IIHL) as a successful bidder to National Company Law Tribunal (NCLT) for consideration. It is to be noted that the Committee of Creditors (CoC) has voted in the favour of resolution plan submitted by Hinduja Group company IIHL. IIHL has made the highest cash offer of Rs 9,661 crore in the second round of the auction held on April 26. The administrator has filed an application under Section 30 (6) of the Insolvency and Bankruptcy Code, 2016, for submission of the resolution plan of IIHL as approved by the Committee of Creditors of Reliance Capital Limited, with the Adjudicating Authority National Company Law Tribunal (NCLT), Mumbai Bench, RCap said in a regulatory filing. The Reserve Bank of India (RBI) on November 29, 2021, superseded the board of Reliance Capital in view of payment defaults and serious governance issues. The RBI appoint

Referring to Reliance Capital's acquisition, IIHL said the administrator of the company had issued the duly signed letter of intent

IIHL is likely to be listed by 2024 which would give trading options to its shareholders who have been with the company for over three decades

The tribunal has asked both parties to pay the cost of the interim resolution professional for the period the case was under the resolution process

Piramal, Zurich Insurance, Advent bid for general insurance arm

IndusInd Bank had moved NCLT claiming default of Rs 83.08 crore against the media & entertainment firm.

IndusInd Bank stock traded at Rs 1150.50 apiece on BSE, down 2.12 per cent from previous close.

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Shares of IndusInd Bank gained over 1 per cent to close at Rs 1,020.20 apiece on BSE.

UBS Principal Capital Asia Ltd on Friday sold nearly 4 million (40 lakh) shares of IndusInd Bank Ltd

Net interest income up 45% YoY; pre-tax profit falls 22%

Moody's revises outlook for ICICI Bank and Axis Bank to negative

Churn, disruption and agility are the key takeaways of the decade

Higher net interest income at Rs 1,356.42 cr contributes to the rise