Indusind

IndusInd Bank share drops 3%, hits 52-week low as UBS slashes target price

The fall in the IndusInd Bank share price came after Zurich, Switzerland-based brokerage UBS slashed its target price to Rs 1,150 per share, according to reports

IndusInd Bank Q2 results: Net profit falls 39.5% to Rs 1,331.29 crore

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

IndusInd Bank's net advances climb 13% YoY in Q2 FY25

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

IndusInd Holdings gets nod to acquire majority stake in 2 Invesco entities

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

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.

IndusInd Bank Q3 results: Net profit rise 17.2% to Rs 2,301.5 crore

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

IndusInd Bank launches 'virtual commercial card' for cross-border payments

In partnership with Visa and Juspay, the virtual card has additional layers of security that give users complete control over their international expenses, thus making it safe and hassle-free

RCap Administrator submits name of IIHL as successful bidder for NCLT's nod

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

IIHL to raise $1.5 bn to fund RCap buy, increase holding in IndusInd Bank

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

IIHL approves capital raising of up to $1.5 bn for strategic objectives

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

IndusInd Bank says all dues cleared by ZEEL, NCLAT disposes of appeal

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

Amid lukewarm response IndusInd, Torrent, Oaktree bid for Reliance Cap

Piramal, Zurich Insurance, Advent bid for general insurance arm

Zee approaches NCLT for dismissal of IndusInd bank's insolvency plea

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

IndusInd Bank raises Rs 2,800 crore debt capital through bonds

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

Vistara partners with IndusInd Bank to launch co-branded credit card

The credit card will offer various benefits such as a complimentary business class ticket, membership of the airline's frequent flyer programme and lounge access

IndusInd Bank's net advances jump to Rs 2.11 trn at end of June 2021

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

UBS sells IndusInd Bank shares worth over Rs 366 crore on the open market

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

IndusInd Bank's Q4 a mixed bag: NII up 45%; pre-tax profit falls 22%

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

Moody's puts IndusInd Bank's issuer ratings on review for downgrade

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

Grow or die: Churn, disruption and agility are key takeaways of the decade

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