Page 17 - Indusind Bank

IndusInd Bank to raise Rs 1,000 crore via Basel III bonds

Fundraising plan is pending shareholder approval and a nod from the board of directors

IndusInd Bank raises Rs 1,000 crore via bonds compliant with Basel III

Private sector lender IndusInd Bank has raised Rs 1,000 crore by issuing bonds compliant with Basel III standards. The board of directors have passed the resolution for issuance of Basel III compliant bonds towards non-equity additional tier I capital for cash aggregating to Rs 1,000 crore on private placement, the bank said in a regulatory filing. The bonds, in the nature of debentures, are of face value of Rs 10 lakh each. They have been rated stable 'AA' both by Crisil and India Ratings & Research. India is implementing globally accepted Basel III Capital Regulations for banks since April 1, 2013 to become fully compliant with the norms by March 2019. The standards were introduced after the 2008 global economic crisis to make banks more resilient to sub-prime shocks. It requires banks to improve on their capital planning to meet contingencies. Stock of IndusInd Bank closed 0.38 per cent down at Rs 1,379.65 on BSE.

IndusInd Bank to raise capital through Rs 1,000 crore AT1 bonds

As on December 31, 2016, IndusInd had an asset base of about Rs 1,67,102 crore

IndusInd warms up to Bharat Fin, but flinches at price

All-share deal may value Bharat Financial at Rs 12,000 crore

IndusInd Bank, YES Bank hits record high

YES Bank was up 2.7% at Rs 1,452 and IndusInd Bank, up 1.4% at Rs 1,341 hit record highs in intra-day trade on NSE

Indusind Bank not to grow unsecured book beyond 5%

Mid-sized private sector lender Indusind Bank is keen on acquiring new credit card customers

IndusInd Bank nears record high on strong Q3 results

The stock rallied 6% to Rs 1,231 on BSE in intra-day trade

IndusInd Bank Q2 Net profit up 26%

Net profit in the second quarter rose to Rs 704.26 crore from Rs 560.04 crore in the corresponding quarter last year

IndusInd Bank Q2 net profit up 25.75% to Rs 704 crore

The total income of the lender also increased to Rs 4,439.72 crore during the quarter under review

IndusInd Bank opens international banking unit at GIFT City

Bank will be able to actively offer products such as ECBs to customers in an area where it had limited capabilities so far

IndusInd: NPAs inching up but in safe zone

While gross NPA ratio touches 0.91% in the June quarter, strong earnings growth provides comfort

IndusInd Bank Q1 net rises 26% to Rs 661 cr

Total income of the company increased to Rs 4,264.66 crore in the quarter under review

IndusInd Bank hits record high

The stock touched record high of Rs 1,014, up 3% on the National Stock Exchange.

IndusInd Bank Q4 net profit up 25%

Net profit increased by 27% to Rs 2,286.45 crore as compared to Rs 1,793.72 crore in FY15

IndusInd premium valuations likely to stay

Bad loans slightly high in March quarter, but other metrics meet Street expectations

IndusInd Bank Q4 net rises 25% to Rs 620 crore

For entire 2015-16 fiscal, bank's net profit rose 27.5% to Rs 2,286.45 cr as against Rs 1,793.72 cr a year ago