Page 11 - Indusind Bank

IndusInd Bank down 4% as Integrated Core sells 5 mn shares via bulk deal

As per National Stock Exchange (NSE) bulk deal data, Integrated Core Strategies (Asia) Pte sold 50,86,943 shares for Rs 986.74 per share through a bulk deal

RBI relaxing risk weights to release Rs 40,000 cr capital for banks

Bandhan Bank and IndusInd Bank likely to be biggest beneficiaries of the moves since both have high microfinance exposure

IndusInd Bank gets GST demand notice of Rs 21.62 crore for short payment

IndusInd Bank on Tuesday said tax authorities have slapped a demand notice of about Rs 21.62 crore for alleged short payment of GST. The bank has received a communication/demand order on Tuesday from Deputy Commissioner of State Tax, Ahmedabad, Gujarat for various GST issues, IndusInd Bank said in a regulatory filing. The financial impact of the demand is to the extent of Rs 21.62 crore including penalty, it said. The bank will explore filing of appeal against the order, it said.

IndusInd Bank cuts fixed deposit rates, offers 8.25% for senior citizens

Maximum interest rate of 7.75% for general and 8.25% for senior citizens applicable to tenures ranging from one year five months to just under one year six months

IndusInd Bank share price rises 3% on Budget Day, day after weak Q3 results

Stocks to Watch on Budget 2025: The management stated that any measures in the Union Budget, to be tabled today, supporting rural as well as overall economic activity could aid growth in MFI & CV biz

IndusInd Bank Q3FY25 results: Net profit down 39% at Rs 1,402 crore

NII of the lender also declined marginally by 1 per cent Y-o-Y to Rs 5,228 crore

IndusInd Bank Q3 results: PAT drops 39% to Rs 1,401 cr as provisions jump

The bank's provisions and contingencies, or funds set aside to cover loan losses, jumped 87 per cent to Rs 1,744 crore

IndusInd Bk up 4% in 2 days as reports indicate higher weight on MSCI index

Foreign portfolio investors reduced their stake in IndusInd Bank to 46.63 per cent in December 2024, from 55.53 per cent in the September 2024 quarter, enhancing foreign headroom at 25 per cent

IndusInd Bank down 4% as Goldman Sachs downgrades to 'Neutral', cuts target

The downfall in the IndusInd Bank share price came after reports indicated that the New York-based brokerage Goldman Sachs downgraded the stock to 'Neutral'

IndusInd Bank up 4% on plans to sell off Rs 1,573-cr of microfinance loans

IndusInd Bank wants to sell off microfinance loans as stress in the microfinance sector is increasing. Through public bidding, IndusInd Bank plans to auction these distressed assets.

IndusInd Bank seeks to offload Rs 1,573 crore of microfinance loans

Bank sets reserve price of Rs 85 crore to sell loans from over a million accounts

RBI imposes fine on Manappuram Finance, IndusInd Bank over non-compliance

The statutory inspection of the companies was conducted by the RBI with reference to their financial position as of March 31, 2023

Goldman Sachs sees Nifty at 27K in 2025, bets on housing, defence stocks

Analysts identified 16 'oversold' stocks, each down over 20%, including Trent, IndiGo, Shriram Finance, and Havells, suggesting they present strong buying opportunities

Reliance Nippon Life in talks with IndusInd Bank on bancassurance tie up

Reliance Nippon Life Insurance, a subsidiary of debt-ridden Reliance Capital (RCAP), has initiated talks with IndusInd Bank for bancassurance partnership as the IIHL and RCAP deal has reached the final lap. Mauritius-based IndusInd International Holdings Ltd (IIHL), the parent entity of IndusInd Bank, won the bid to acquire RCAP and entities under it. "IIHL and Japan-based Nippon Life have struck a good understanding and they are absolutely clear about promoting the insurance business. This augurs very well for the business and policyholders as IIHL has a very strong capital base and a solid global aspiration in BFSI space," Reliance Nippon Life Insurance CEO Ashish Vohra told PTI. Hinduja Group company IIHL is expecting to complete the acquisition of RCAP by next month nearly a year after the National Company Law Tribunal (NCLT) approved its rescue plan. "Bancassurance was a missing link in our structure and we have started exploring the possibility with IndusInd Bank and we are .

IndusInd Bank share drops 3%, hits 52-week low as UBS slashes target price

The fall in the IndusInd Bank share price came after Zurich, Switzerland-based brokerage UBS slashed its target price to Rs 1,150 per share, according to reports

IndusInd keeps 'buy' tag after disappointing Q2 results' bring down stock

Most analysts expect the bank to return to stronger margins and optimise lending portfolio

Indian banks' microfin loan stress to persist after new regulation: Bankers

Last month, in its latest move, the RBI asked lenders to stop issuing new microfinance loans to borrowers unless they have cleared previous loans, three of the bankers said

IndusInd Bank Fixed Deposit: Book the Safest FD in the Country Digitally

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Buy or Sell? TCS, Maruti, HUL among 7 Nifty stocks trading in oversold zone

These 7 Nifty 50 stocks are seen trading with an RSI below 30; stocks trading in oversold zone need not necessarily bounce back immediately. Here are the key levels to watch out for.

Asset quality headwinds, CEO extension concern worry IndusInd Bank

Amid headwinds, the bank faces uncertainty over CEO extension