Page 2 - IndusInd Bank Ltd News

IndusInd Bank down 2%, hits 52-week low; trades lower for 6th straight day

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.

Nifty hits 25,000: Next 5,000-pt rally could be led by banks, IT, autos

Devarsh Vakil, Deputy Head of Retail Research, HDFC Securities suggests that for the Nifty50 index to move up from the current levels, bank and IT sectors need to perform and do the heavy lifting

IndusInd Bank Q1 FY25 results: Net profit up 2% due to higher provisions

Provisions and contingencies saw a rise of 6 per cent Y-o-Y and 10 per cent sequentially at Rs 1,050 crore

IndusInd Bank Q1FY25 results: Net profit rises 2% to Rs 2,171 crore

Private sector IndusInd Bank on Friday posted a marginal 2 per cent rise in net profit at Rs 2,171 crore for the first quarter ended June 30. The lender had earned a net profit of Rs 2,124 crore in the year-ago period. During the quarter, the bank's total income increased to Rs 14,988 crore, as against Rs 12,939 crore a year ago, IndusInd Bank said in a regulatory filing. Interest income grew to Rs 12,547 crore during the period under review, from Rs 10,730 crore in the corresponding quarter a year ago. On the asset quality side, the bank's Gross Non-Performing Assets (NPAs) worsened to 2.02 per cent of gross advances as of June 30, 2024, from 1.94 per cent by the end of first quarter of the previous fiscal. Net NPAs also rose to 0.60 per cent of the advances, from 0.58 per cent at the end of first quarter of last year. As a result, provisions other than tax and contingencies rose to Rs 1,050 crore, as against Rs 992 crore earmarked during the same quarter a year ago. The Capita

Banks under pressure; ICICI, IndusInd, BOB, IDFC First down up to 3%

ICICI Bank, IndusInd Bank, IDFC First Bank, Bandhan Bank and Federal Bank from the private sector and Bank of Baroda PNB and SBI from the public sector slipped in the range of 1 per cent to 3 per cent

Private banks gain up to 4%; Axis, ICICI hit new highs; HDFC nears summit

At 02:04 pm; Nifty Private Bank index was up 1.7 per cent, as compared to 0.65 per cent rise in the Nifty 50 and 0.20 per cent gain in Nifty PSU Bank index.