Page 13 - Indusind Bank

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

IndusInd Bank Q1 FY25 results: Net profit up 2% due to higher provisions

Provisions and contingencies saw a rise of 6 per cent Y-o-Y and 10 per cent sequentially at Rs 1,050 crore

IndusInd Bank Q1FY25 results: Net profit rises 2% to Rs 2,171 crore

Private sector IndusInd Bank on Friday posted a marginal 2 per cent rise in net profit at Rs 2,171 crore for the first quarter ended June 30. The lender had earned a net profit of Rs 2,124 crore in the year-ago period. During the quarter, the bank's total income increased to Rs 14,988 crore, as against Rs 12,939 crore a year ago, IndusInd Bank said in a regulatory filing. Interest income grew to Rs 12,547 crore during the period under review, from Rs 10,730 crore in the corresponding quarter a year ago. On the asset quality side, the bank's Gross Non-Performing Assets (NPAs) worsened to 2.02 per cent of gross advances as of June 30, 2024, from 1.94 per cent by the end of first quarter of the previous fiscal. Net NPAs also rose to 0.60 per cent of the advances, from 0.58 per cent at the end of first quarter of last year. As a result, provisions other than tax and contingencies rose to Rs 1,050 crore, as against Rs 992 crore earmarked during the same quarter a year ago. The Capita

Stocks to watch on July 8: NLC India, IndusInd Bank, BoB, JM Fin, Marico

Stocks to watch on July 8: Induslnd Bank's Q1FY25 estimates highlighted significant YoY growth. Net advances increased by 16 per cent Y-o-Y to Rs 3.48 trillion, while deposits grew by 15 per cent

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