Page 5 - Indusind Bank

Sensex ends 814 pts higher ahead of Budget-day in broad-based rally

Large part of today's rally in the headline indices was led by IT stocks such Tech M, Wipro, Infosys and HCL Tech; financials such as Bajaj twins and SBI, and index heavyweights RIL

IndusInd Bank admits to procedural lapses in MFI lending

The bank's chief executive and managing director Sumant Kathpalia stressed that it will not lead to any financial hit

IndusInd Bank's Q3 net profit rises 50% on higher NII and lower provisions

Asset quality of the lender improved on a sequential basis

IndusInd Bank Q3 net profit jumps 50% to Rs 1,242 cr

The lender witnessed deterioration in its asset quality as the gross NPAs rose to 2.48% of the gross advances as of December 31, 2021 from 1.74% in December 2020

IndusInd Bank, NPCI tie up to simplify cross-border remittances through UPI

Indians can now get remittance money from their foreign sources in a much easier way as IndusInd Bank has tied up with NPCI to facilitate cross-border money transfer by using UPI IDs of beneficiaries.

Market wrap: Sensex ends 612 pts higher; RIL, L&T and Bharti Airtel shine

ZEE falls 5% after inking merger pact with Sony Pictures, trims losses later; Metro Brands makes a tepid debut with 13% discount; RateGain Travel Technologies surges 28% in two sessions, hits new high

Axis, RBL, IndusInd: Pvt banks may provide shorting opportunites on rise

A Death Cross, Descending triangle and a breach of significant levels reflect downside up to 16% for these banking shares

Agritech firm Samunnati inks co-lending pact with IndusInd Bank for FPOs

Samunnati said it has entered into a co-lending agreement with IndusInd Bank to expand credit accessibility and market linkages for farmer producer organizations across the country

LIC gets central bank approval to hike stake in IndusInd Bank to 9.99%

LIC is one of the biggest institutional investors in India's stock market and has a stake in a number of private and public sector banks.

Market wrap: Sensex zooms 620 pts on firm economic data; Nifty holds 17,150

IndusInd Bank rebounds after an 8-day fall, gains 5% on BSE; Tega Industries' IPO gets 4 times subscription on first day

IndusInd Bank rebounds after a 8-day fall, gains 5% on BSE

According to a report, Hindujas are considering increasing their stake in IndusInd Bank after the Reserve Bank of India (RBI) eased ownership rules for the country's private sector banks

IndusInd Bank's subsidiary defers review of decision to relieve top 2 execs

Last week, the bank had said that the two top executives of BFIL cannot be relieved from their positions until the review of certain transactions at the company is completed

Bharat Financial top officials resign to join rival Spandana Sphoorthy

Top executives of Bharat Financial Inclusion (BFIL), a fully-owned subsidiary of IndusInd Bank, have resigned from the company last week, the bank said on Monday. The bank said it has appointed an Executive Director and another person to oversee day-to-day operations of the company. Shalabh Saxena, the Managing Director & CEO, and Ashish Damani, the Executive Director & CFO of BFIL, are to join rival microfinance lender Spandana Sphoorty, over which the two companies are apparently at loggerheads. "Shalabh Saxena and Ashish Damani, currently employed with BFIL in the capacity of the Managing Director & CEO and the Executive Director & CFO, respectively, have tendered their resignations pursuant to emails addressed to the Chairman of the board of BFIL on November 25, 2021," IndusInd Bank said in regulatory filing. The bank said, in the interim, it has nominated J Sridharan as Executive Director on the board of BFIL and appointed Srinivas Bonam to oversee the day-to-day

Hindujas to raise stake in IndusInd Bank, raising $1.1 bn for funds: Report

RBI, last week, came up with rules that held back on an internal working group's proposal to let industrial houses own banks

IndusInd Bank falls to a 6-month low, down 20% in 3 weeks

The stock was trading lower for the fifth straight day, down nearly 2% at Rs 956.10, quoting at its lowest level since May 17, 2021.

IndusInd Bank clarifies on appointment of BFIL executives by SSFL

IndusInd Bank has clarified that Shalabh Saxena and Ashish Damani are currently employed with its wholly owned subsidiary Bharat Financial Inclusion (BFIL) as managing director & CEO, and Chief Financial Officer, respectively, countering that they have been appointed by Spandana Sphoorty Financial Ltd (SFFL). SFFL on Monday had announced the appointment of Saxena as its MD & CEO, and Damani as the President and CFO of the company. In a clarification, IndusInd Bank said that "Shalabh Saxena and Ashish Damani are currently employed with bank's wholly owned subsidiary, Bharat Financial Inclusion (BFFL), in the capacity of the Managing Director & Chief Executive Officer and Executive Director & Chief Financial Officer, respectively". "Neither, Shalabh Saxena nor Ashish Damani have tendered their resignation from the services of BFIL," the bank said. As per the terms of their employment, once the resignation is tendered, it is subject to acceptance by the board of directors

2 top Bharat Financial execs can't be relieved till review ends: IndusInd

IndusInd arm says cannot let its two execs join Spandana when the review is ongoing

Toyota Kirloskar ties up with IndusInd Bank for vehicle finance

The finance facility at competitive interest rates will be available to customers, including those covered under priority sector schemes, for purchasing Toyota vehicles

Is the sell-off in IndusInd Bank stock a buying opportunity?

While most analysts remain positive, institutional attitude will be crucial

IndusInd Bank can fall 11% if its fails to hold support levels, charts show

The current chart pattern signals a weak trend and market participants are likely to stay on the sidelines to see whether the stock honours the respective support levels