Page 27 - Indusind Bank

Top private banks' Q4 profits nearly halve on Covid-19 provisioning

The pressure on earnings will continue, say experts

Covid-19 related provisioning knocks off 45% of top private banks' profits

Analysts at Edelweiss estimate that banks like Axis Bank, Kotak Mahindra Bank and ICICI Bank have 25-30 per cent of their loan book under the moratorium

Blue chips see cuts in target prices; half of Nifty sees cuts of over 15%

According to data from Bloomberg, banks have seen among the sharpest cuts in target prices -- between 16 and 60 per cent.

Covid-19 impact: Loss of fee income likely to add to lenders' woes

Muted lending and subdued cross-selling amidst extended lockdown to hurt fee income and earnings

Market Ahead, May 6: Top Factors That Could Guide Markets Today

Today, a total of six companies, including YES Bank and Kansai Nerolac Paints, are set to declare their quarterly numbers

BofA turns bearish on Indian banks; SBI, ICICI Bank, IndusInd downgraded

SBI, ICICI Bank, IndusInd downgraded; only HDFC Bank in 'buy' category

Covid-19 crisis: SBI's 10% term loan customers opt for moratorium on EMIs

Senior SBI executives said most of those seeking deferment are retail and micro and small enterprises and are hard-pressed for resources when earning and cash flows have almost dried up.

Axis Bank Q4 results: Lender's asset quality worrying for investors still

The bank's slippages moderated significantly in March, but provisioning costs because of the coronavirus rose.

Promoter, PE stake may go up in private banks; IndusInd, HDFC Bank to gain

Lenders are staring at unexpected asset quality losses due to the slowdown in economic activity after the countrywide lockdown.

MARKET WRAP: Sensex up 371 pts as financials surge; IndusInd Bank zooms 17%

All that happened in the markets today

IndusInd Bank soars 18% on operationally strong Q4; analysts maintain 'buy'

While the asset quality has weakened, its coverage has improved. The profit was above analysts' expectations and was driven by better operational performance.

Market Ahead, April 28: All You Need To Know Before The Opening Bell

According to a Business Standard report, the Centre is considering a proposal to guarantee Rs 3 trillion of loans to small businesses as part of a plan to restart economy

IndusInd Bank's Q4 a mixed bag: NII up 45%; pre-tax profit falls 22%

Net interest income up 45% YoY; pre-tax profit falls 22%

IndusInd Bank reports 18% yoy dip in pre-tax profits; sequentially down 76%

The lender reported a 45 per cent jump in net interest income at Rs 3,232 crore in Q4 FY20

IndusInd Bank's Q4 profit slumps 77% QoQ to Rs 302 cr, provisions jump 2x

To cushion against the uncertainties arising due to the outbreak of the coronavirus (Covid-19) pandemic, the bank has provided for Rs 260 crore under the provisions and contigencies segment

Market Ahead, April 27: Top factors that could guide markets this week

According to a Business Standard report, the government will give out new official economic growth and budgetary projections in July or later

IndusInd Bank Q4 preview: Profit may dip 95% QoQ on exposure to telecom cos

According to analysts at ICICI Securities, the Rs 8,800 crore-exposure to the telecom sector may cast shadow over the bank's asset quality.

IndusInd shares fall after overseas investors breach buying limit

IndusInd Bank was added to the so-called 'red flag' list two weeks ago after FPI shareholding crossed 71 per cent

These 16 stocks have more than doubled from their coronavirus sell-off lows

The S&P BSE Sensex and the S&P BSE Allcap index have gained 23 per cent and 24 per cent, from their respective March 23, 2020 low levels

RBI measures, global markets surge propel Sensex, Nifty to one month high

Most global markets surged as investor appetite for risk assets improved due to the progress of an experimental drug for treating covid-19 and on US's plan to reopen its economy.