IndusInd Bank Ltd (INDUSINDBK)

IndusInd Bank Reports Healthy Business Growth - 29 Apr, 2024

IndusInd Bank reports strong Q4 results with healthy business growth, reduced slippages, and ample capital cushion. LKP Securities retains BUY rating with a price target of Rs 1,749.

IndusInd International Holdings Urged to Expedite Reliance Capital Resolution Plan - 28 Apr, 2024

Lenders of debt-ridden Reliance Capital have asked IndusInd International Holdings to expedite the process of obtaining necessary regulatory approvals and stick to the resolution plan deadline of May 27. The Hinduja Group company has to make an upfront payment of ₹9,650 crore to the Reliance Capital lenders. Concerns have been raised over the proposed corporate structure for the transfer of RCAP's insurance businesses to IndusInd International Holdings.

IndusInd Bank Posts Strong Q4 Results Despite Brokerage Cuts - 26 Apr, 2024

IndusInd Bank reports a 15% YoY rise in Q4 net profit to Rs 2,349 crore, but brokerages cut EPS estimates due to increased operating expenses. The bank aims to maintain its NIM between 4.2-4.3%. Overall advances rose 18% YoY to Rs 3.43 trillion as on March-end. Low-cost CASA ratio declined to 38% QoQ. Asset quality remained stable. Motilal Oswal recommends buy rating with a target price of Rs 1850.00.

IndusInd Bank Posts Strong Q4 Earnings - 25 Apr, 2024

IndusInd Bank reports a 15% YoY rise in Q4 net profit to Rs 2,349 crore, driven by growth in advances and improved yield on assets. The bank's gross non-performing asset (NPA) ratio stood at 1.92%, down from 1.98% as of December 31, 2023.

IndusInd Bank Expects Strong Q4 Results; Partners with Invesco - 24 Apr, 2024

IndusInd Bank is expected to report a strong Q4FY24 performance, with analysts predicting an 11% YoY growth in net profit. The bank's loan growth is set to outpace deposit trends, while its margins are expected to remain stable among peers. Additionally, IndusInd International Holdings has announced a partnership with Invesco, acquiring a 60% stake in Invesco Asset Management India.

IndusInd Bank Executes Programmable CBDC Pilot - 23 Apr, 2024

IndusInd Bank becomes the first bank to execute RBI's programmable CBDC pilot, collaborating with Circularity Innovation Hub India. The project aims to benefit farmers by promoting Circularity Credits from recycling agricultural waste.

IndusInd Bank Pilots Programmable Digital Rupee Transactions - 22 Apr, 2024

IndusInd Bank has successfully executed the Reserve Bank of India's programmable central bank digital currency (CBDC) pilot in collaboration with Circularity Innovation Hub India. The private lender is leveraging the programmable version of the RBI's digital currency to enable farmers to exchange their carbon credits directly for e-rupees, marking a pioneering step in incorporating digital currency solutions into agricultural transactions.

IndusInd Bank's Promoter Entity Acquires Stake in Invesco Asset Management - 10 Apr, 2024

IndusInd International Holdings (IIHL), the promoter entity of IndusInd Bank, acquires a 60% stake in Invesco Asset Management through a joint venture with Invesco India Asset Management. Prabhudas Lilladher has a buy call on IndusInd Bank with a target price of Rs 1740.

IndusInd Promoter Acquires Reliance Capital; Forms JV with Invesco Asset Management - 09 Apr, 2024

IndusInd Bank's promoter, IIHL, acquires beleaguered financial services company Reliance Capital and forms a JV with Invesco Asset Management India Ltd.

IndusInd Bank Stock Up on NSE - 08 Apr, 2024

IndusInd Bank Ltd's stock is up by 1.09% on the NSE and has a PE ratio of 13.97 based on TTM earnings ending December 23.

IRDAI Expresses Concerns Over IIHL's Resolution Plan for Reliance Capital - 07 Apr, 2024

The Insurance Regulatory and Development Authority of India (IRDAI) has expressed reservations about the resolution plan submitted by Hinduja Group firm IndusInd International Holdings (IIHL) for debt-ridden Reliance Capital. The regulator sought clarification regarding equity capital that IIHL is willing to put in, as well as its ability to meet future capital requirements of insurance ventures.

IndusInd Bank Advances and Deposits Grow in Q4 - 05 Apr, 2024

IndusInd Bank reported an 18% growth in advances and a 14% rise in deposits for the March quarter. However, the CASA ratio fell slightly to 37.9%. Analysts remain optimistic about the bank's future despite this decline.

IndusInd Bank Reports Strong Q4 Growth - 04 Apr, 2024

IndusInd Bank records an 18% loan growth and a 14% deposit rise in Q4 despite challenges in the retail segment due to regulatory actions on a fintech partner. The bank also plans to expand its digital initiatives.

IndusInd Bank's Promoter Entity Successfully Bids for Reliance Capital - 03 Apr, 2024

IndusInd International Holdings, a promoter entity of IndusInd Bank, has successfully bid for Reliance Capital under the Corporate Insolvency Resolution Process. The resolution plan includes Reliance Securities and other group entities providing insurance and asset reconstruction services.

IndusInd Plans Entry into Mutual Fund Sector; Considers Acquisition of Invesco MF - 02 Apr, 2024

IndusInd International Holdings is planning an entry into the Indian mutual fund sector and has held discussions to acquire a majority stake in Invesco MF. Additionally, Swiggy Instamart has partnered with Park+ to deliver IndusInd Bank FASTags to users in under 10 minutes.