MPC has increased the repo rate by 140 bps cumulatively since May in an effort to rein in inflation
IndusInd Bank has addressed key issues that were an overhang on the counter at the bourses - the biggest being the reappointment of its managing director and chief executive officer
Analysts expect that the bank's credit growth and profitability is expected to be strong on account of revived demand in MFI and vehicle finance.
Stocks to Watch: State Bank of India (SBI) has clarified that it has not been identified as a nodal bank for handling Russia-related rupee transactions
Prior to joining IndusInd Bank, Kathpalia had stints with Citibank, Bank of America and ABN Amro
IndusInd Bank emerged as the top Sensex gainer in Friday's early deals, with the shares surging 3.5 per cent to Rs 1,147 per share on the BSE
Recently the stock of INDUSINDBK surged from the zone of Rs 800 towards Rs 1,100 mark without any meaningful correction. This indicates possibility of some profit booking
The official website, bseindia.com states that August 9 will be a market holiday, which would mean that there will be no trading in equity segment, equity derivative segment and SLB degment
According to the analyst from Anand Rathi, IndusInd Bank has rallied sharply in the recent days without any corrective move, and is currently facing some headwinds at 200-WMA.
IndusInd Bank Q1 review: For a stronger re-rating, IIB would need to demonstrate decline in stress formation and increase in deposit granularity, analysts said
Shares of IndusInd Bank climbed over 5 per cent in morning trade on Thursday after the company reported a 60.5 per cent jump in net profit for the quarter ended June
Barring Federal Bank, other mid-cap banks like RBL Bank, IndusInd Bank, AU Small Finance Bank and IDFC First Bank are yet to conquer their crucial resistances
Stocks to Watch Today: CRISIL, GSFC, Hindustan Zinc, JSW Energy, Mphasis, PVR, RBL Bank and SRF to announce Q1 results on Thursday.
On the asset quality front, IndusInd Bank's gross non-performing asset ratio was at 2.35 per cent as on June 30
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Interest income in the June quarter rose 9.5% to Rs 8,181.77 cr as compared to the year-ago period
Stocks to Watch Today: CEAT, Havells, IndusInd Bank, Mastek, OFSS, RIIL, Syngene International, Tata Communications and Wirpo to announce Q1 results on Wednesday.
CLOSING BELL: The steady depreciation in the value of the rupee against the US dollar is likely to prove expensive for corporate India
Stocks to Watch Today: Ambuja Cements, AU SFB, Alok Textiles, Hindustan Unilever, HDFC Life, ICICI Lombard, L&T Finance and Rallis India to announce Q1 results on Tuesday.
The bank's board also approved the re-appointment of Akila Krishnakumar as non-executive independent director