Page 12 - Indusind Bank

Tata Power Renewable, IndusInd Bank partner to finance solar projects

Tata Power Renewable Energy Ltd has partnered with IndusInd Bank to offer financing options to Micro and Small Enterprises (MSEs) for solar installations. This alliance will provide MSEs with collateral-free solar financing, by offering loans ranging from Rs 10 lakh to Rs 2 crore, Tata Power Renewable Energy said in a statement on Tuesday. These loans, contingent on the bank's credit approval, require a 20 per cent margin and come with competitive interest rates, offering terms of up to 7 years, the company said. Deepesh Nanda, CEO & MD, Tata Power Renewable Energy said, "Through a partnership with IndusInd Bank, we are facilitating easy financing opportunities for MSEs (Micro and Small Enterprises) to adopt solar energy, which will not only help them reduce operational costs but also actively contribute to the green energy transition." Various public and private sector lenders are tied up with solar players to provide finance options for commercial and residential solar ...

Going downhill: IndusInd Bank shares decline 19%, most in 4 years

Analysts believe stock will remain under pressure in near term

Societe Generale sells its stake in IndusInd Bank for Rs 421 crore

Financial services company Societe Generale on Friday sold private sector lender IndusInd Bank's shares for Rs 421 crore through an open market transaction. According to the bulk deal data available on the National Stock Exchange (NSE), Paris-headquartered Societe Generale offloaded 39.30 lakh shares or 0.50 per cent stake in IndusInd Bank. The shares were disposed of at an average price of Rs 1,070.61 apiece, taking the transaction value to Rs 420.80 crore. Meanwhile, Societe Generale bought 29,725 shares at an average price of Rs 1,083.79 per piece, as per the data on the National Stock Exchange (NSE). This took the deal value to Rs 3.22 crore. Details of the other buyers of IndusInd Bank's shares could not be ascertained on the exchange. Shares of IndusInd Bank plunged 18.99 per cent to close at Rs 1,037 apiece on the NSE. On Thursday, IndusInd Bank reported a 40 per cent decline in September quarter net profit at Rs 1,331 crore, pulled down majorly by concerns about asset ..

Tech charts suggests IndusInd Bank could dip another 22% hereon

IndusInd Bank on Friday logged its biggest intra-day fall since March 2020; technically the stock has given a fresh downside breakout on multiple time-frames.

IndusInd Bank share drops 20% on poor Q2 show; analysts slash target price

IndusInd Bank share price news: IndusInd Bank saw an all-round miss in Q2 earnings and the weakest earnings growth in the sector, by any bank, so far

IndusInd Bank Q2 results: Net profit falls 39.5% to Rs 1,331.29 crore

The bank's net interest income (NII) rose by 5 per cent Y-o-Y to Rs 5,347 crore, while the net interest margin (NIM) moderated to 4.08 per cent, down from 4.29 per cent last year

IndusInd Bank Q2FY25 results: Net profit falls 39% to Rs 1,325 cr

The private lender posted a net profit of Rs 1,325 crore ($157.7 million) for the three months ended Sept. 30, compared to Rs 2,181 crore a year earlier

Ajit Mishra of Religare Broking recommends buying these three stocks today

The markets continued their downward trend, losing nearly half a percent as part of the ongoing correction.

IndusInd Bank's net advances climb 13% YoY in Q2 FY25

On sequential basis, the banks net advances grew 3 per cent to Rs 3,47,898 crore as on 30 September2024

Sumant Kathpalia succeeds Romesh Sobti as IndusInd Bank MD & CEO

Kathpalia will succeed current MD & CEO Romesh Sobti, who has been at the helm of affairs for over a decade now. Sobti's term as MD & CEO will end on March 23.

IndusInd Bank board okays re-appointment of Kathpalia as MD & CEO for 3 yrs

Re-appointment is subject to RBI and shareholder approval

Divi's Lab, AEL, M&M among top movers & shakers in FY25; trading guide here

Among existing gainers, Divi's Lab and Shriram Finance seem poised for further gains, whereas losers IndusInd Bank and Nestle too look promising on technical charts; check key levels.

SBI Card loses credit card market share in July; InCred retains 'Reduce'

InCred's target price translates into 30.7 per cent downside in the share price from previous close of Rs 721.15 per share.

CLSA maintains 'Outperform' on IndusInd Bank, says report; shares gain 3%

The northward move came after global brokerage firm CLSA maintained its "Outperform" rating on IndusInd Bank's stock with a target price of Rs 1,800

Jigar S Patel of Anand Rathi recommends buying these three stocks on Aug 26

After peaking around the Rs 101 mark in September 2023, the IDFC First Bank stock underwent a significant correction, dropping by 30 points, equivalent to a 29.34 per cent decline from its high.

IndusInd Bank stock price surges on RBI nod for Mutual Fund business

The increase in stock price follows the RBI approval for the bank to establish a wholly owned subsidiary dedicated to asset management and mutual funds, with additional equity capital infusion.

Stocks to watch, Aug 20: Zomato, IndusInd Bank, Saraswati Saree Depot

Stocks to watch on August 20: According to reports, a significant deal is expected on Tuesday, with Antfin Singapore planning to sell 13.6 crore shares, representing 1.54 per cent of the total equity

IndusInd Bank down 2%, hits 52-week low; trades lower for 6th straight day

The stock of private sector bank is quoting lower for the sixth straight trading days, falling 6% during the period and 20% from its 52-week high of Rs 1,694.35 hit on January 15, 2024.

Hinduja group did not deposit funds for RCap acquisition: Administrator

No default by us, says IIHL

Hindujas' RCap purchase hangs fire as deadline looms with payment on hold

The developments came just a day before the July 31 deadline to pay the equity amount