Page 16 - Indusind Bank

IndusInd Bank posts muted 4.5% Q2 profit growth due to ILFS provisioning

Lender takes a one-time contingent provision hit of Rs 2.75 billion against exposure to IL&FS group; without this provision, its profit would have grown 25%

IndusInd Bank Q2 profit rises 4.6% to Rs 9.2 bn on higher interest income

Gross bad loans as a percentage of total loans stood at 1.09 per cent at end-September

IndusInd Bank begins hunt for Sobti successor; to see 3 internal candidates

If all goes according to plan, a successor will be announced 'sometime in the middle of next year'

IndusInd names two additional directors, appointment effective from Aug 10

Akila Krishnakumar and Anil Tiwari are appointed as non-executive independent directors

IndusInd Bank Q1 results: Margin disappointment weighs on stock

The Street took the fall in NIM with some caution, but performance and outlook remain strong

IndusInd Bank Q1 up by 24% at Rs 10.36 billion, asset quality falls

CASA (Current Accounts-Savings Accounts) Ratio improved to 43.42 per cent against 37.78 per cent in June 30, 2017

IndusInd Bank buys IL&FS Securities; capital market deal to boost growth

It will augment overall growth for IndusInd, which is on a path to double its retail customer base to over 20 million and expanding its geographical reach

Q4 results: NPA divergence a blip for IndusInd Bank; stock falls over 2%

Business performance, outlook healthy; gains from Bharat Financial acquisition to reflect in second half

IndusInd Bank invokes 60 million pledged shares of Jaypee Infratech

Jaiprakash Associates had 895 million shares, about 64.44 per cent stake, in Jaypee Infratech as on December 31, 2017

IndusInd Bank: A strong growth in core operations overshadows jump in NPAs

Gross NPA ratio jumped by about 22 bps year-on-year to 1.16% in Q3

IndusInd Bank Q3 net profit rises 25% to Rs 9.36 billion; stock falls 2%

The capital adequacy ratio (CRAR) for the quarter was 15.83 per cent an improvement against 15.31 per cent in the previous quarter

IndusInd Bank Q3 net profit rises 25% to Rs 9.36 bn; stock falls 2%

Private sector lender IndusInd Bank today posted a 24.72 per cent increase in net profit to Rs 936.25 crore for the quarter ended on December 31, 2017. The bank had recorded a net profit of Rs 750.64 crore in the October-December quarter of last fiscal. Total income of the lender also increased to Rs 5,473.54 crore during the quarter under review, up 16.05 per cent as against Rs 4,716.13 crore over the corresponding period of the previous fiscal, IndusInd Bank said in a BSE filing. The gross non-performing assets (NPAs) of IndusInd Bank increased to 1.16 per cent of the total advances during the third quarter of the current fiscal, against 0.94 per cent at the end of third quarter of 2016-17. Net NPAs of the bank rose to 0.46 per cent in the quarter from 0.39 per cent of the total assets. Commenting on the performance, IndusInd Bank MD & CEO Romesh Sobti said: "The bank has continued to show a steadfast performance again in this quarter. All vectors for both topline .

IndusInd Bank raises Rs 3,193 cr from overseas lenders to expand business

The tenor of the loan is for three years and will be used for general banking purposes

IndusInd net jumps 25% on vehicle loan demand

The company plans to use excess margin from retail loans to subsidise good quality corporate book

IndusInd Bank: NPA ratios stabilise, profitability remains strong

Focus shifts to how consolidation with Bharat Financial would play out

IndusInd Bank Q2 net jumps 25% to Rs 880 cr on robust CV loan demand

Total income rose to Rs 5,395.92 crore from Rs 4,439.72

Bharat Financial, IndusInd Bank sign exclusive merger talk deal

BS ReporterHyderabad, 9 September: Micro finance company Bharat Financial Inclusion Limited(BFIL), formerly known as SKS Microfinance, has announced that it has signed an exclusivity agreement on Monday for a potential merger with private sector lender IndusInd Bank.Statements issued by both BFIL and IndusInd Bank on the signing of an exclusivity agreement finally confirmed months of speculations over the ongoing negotiations between the two in the run up to a strategic arrangement.Some of the earlier reports indicated that it was going to be an all-stock deal while the structure of amalgamation on whether BFIL would be merged into IndusInd Bank or would it be made a wholly-owned subsidiary was still a part of the ongoing discussions.Bharat Financial CEO and managing director M R Rao said they are hoping to conclude the deal in the next few weeks of time. " The purpose of signing this exclusivity agreement is to discuss the terms of the proposed merger, including the valuations ...

Rise in non-performing assets only a blip for IndusInd Bank

Gross NPAs at 1.09% broke FY17 trend of sub-1% levels

IndusInd Bank: Gearing up for the next growth phase

The performance of IndusInd Bank suggests that some of the concerns that the Street expressed on likely dip in non-interest income and sustainability of deposit base garnered in December quarter were probably a bit stretched. More importantly, the March quarter (Q4) results reiterated that the bank is in the right direction to achieve its 3-year targets, which includes doubling customer base to 20 million. Among others, it plans to expand loan book by 25-30 per cent by FY21, while improving its low-cost current account - savings accounts (CASA) deposit share to 40 per cent.Net interest income (NII) at Rs 1,667 crore expanded by 31 per cent year-on-year, while the fee income grew a tad higher at 33 per cent year-on-year to Rs 1,211 crore. This is marginally ahead of Street expectation, though provisions for loans which almost doubled in March 2017 quarter (Q4) restricted net profit growth to 21 per cent. Consequently, at Rs 752 crore, net profit was lower than Bloomberg estimate of Rs .

IndusInd Bank Q4 net up 21% at Rs 751 cr

FY17 net up 25% at Rs 2,867 cr