Page 2 - Indusind Bank

IndusInd Bank stock price surges on RBI nod for Mutual Fund business

The increase in stock price follows the RBI approval for the bank to establish a wholly owned subsidiary dedicated to asset management and mutual funds, with additional equity capital infusion.

Stocks to watch, Aug 20: Zomato, IndusInd Bank, Saraswati Saree Depot

Stocks to watch on August 20: According to reports, a significant deal is expected on Tuesday, with Antfin Singapore planning to sell 13.6 crore shares, representing 1.54 per cent of the total equity

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.

Hinduja group did not deposit funds for RCap acquisition: Administrator

No default by us, says IIHL

Hindujas' RCap purchase hangs fire as deadline looms with payment on hold

The developments came just a day before the July 31 deadline to pay the equity amount

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

Stocks to watch on July 8: NLC India, IndusInd Bank, BoB, JM Fin, Marico

Stocks to watch on July 8: Induslnd Bank's Q1FY25 estimates highlighted significant YoY growth. Net advances increased by 16 per cent Y-o-Y to Rs 3.48 trillion, while deposits grew by 15 per cent

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5 private bank stocks for your portfolio; Check trading strategy here

ICICI Bank stock looks strong on charts. Among others Bandhan Bank, IDFC First Bank, IndusInd Bank and RBI Bank can rally up to 21%; check key levels

Buy & Sell: Top three picks by Anand Rathi for June 20; check levels here

After a period of consolidation within the approximate range of Rs 1,740-1680, Radico Khaitanhas successfully broken out and is sustaining above this range, indicating a strong upward movement

Bernstein sees 20% upside in IndusInd Bank, 7% downside in Bajaj Finance

The downside in Bajaj Finance, Bernstein said, was because much of the positives are priced into the stock's rich valuations

IIHL sets sights on $50 bn valuation by 2030: Chairman Ashok Hinduja

The Hinduja Group arm will raise stake in IndusInd Bank to 26%; IIHL, Aasia Enterprises acquisition of Rel Cap to meet Irdai norms

IndusInd Bank Q4 results: Net profit rises 15% to Rs 2,349 crore

The lender spends 8 per cent to 10 per cent of its cost to income on IT-related expenditure

IndusInd Bank Q4 result: PAT up 15% to Rs 2,349 cr on healthy loan growth

The bank's net loans grew 18%, it had said in its quarterly update earlier this month, outpacing a 14% growth in deposits

Tech Mahindra and Bajaj Fin among 38 firms to report Q4 results today

TCS, Infosys, and Wipro are IT majors that have already declared their numbers for the quarter

IndusInd Bank successfully executes RBI's programmable CBDC pilot

For this pilot, IndusInd Bank collaborated with circularity innovation hub

Hinduja Group enters MF space as IIHL picks up 60% in Invesco AMC

Inks deal with US' Invesco to form JV; IndusInd to hold 60% stake

IndusInd Bank records 18% growth in advances at Rs 3.42 trillion in Q4

Private sector lender IndusInd Bank on Thursday said it has posted an 18 per cent growth in advances at Rs 3,42,857 crore during the March quarter. Net advances stood at Rs 2,89,924 crore at the end of the fourth quarter of the last financial year, IndusInd Bank said in a regulatory filing. The bank's deposits also rose 14 per cent to Rs 3,84,789 crore in the quarter under review, from Rs 3,36,438 crore in the same period a year ago, it said. IndusInd Bank's low-cost deposits -- current account and saving deposits (CASA) -- declined to 37.9 per cent as against 40.1 per cent of the total liabilities during the quarter. Meanwhile, Suryoday Small Finance Bank reported a 41 per cent increase in gross advances to Rs 8,650 crore for the fourth quarter ended March 2024 against Rs 6,114 crore in the year-ago period. At the same time, the bank posted a 50 per cent jump in deposits to Rs 7,775 crore as compared to Rs 5,167 crore in the same quarter a year ago, Suryoday Small Finance Bank sa

IndusInd Bank launches Indus PayWear, an all-in-one tokenisable wearable

This tokenisable wearable, for both debit and credit cards, has been launched by Induslnd Bank in collaboration with Mastercardand can be purchased in the form of a ring, watch clasp, or stickers