Page 30 - Indusind Bank

Indusind Bank finalises 'potential successor' to MD & CEO Ramesh Sobti

Sobti's tenure comes to end in March 2020, when he turns 70

IndusInd Bank hits 33-month low on lower-than-expected Q2 loan growth

IndusInd Bank's advances grew a mere 21 per cent, slowest in over 20 quarters.

Asset quality concerns spoil IndusInd Bank's Q2 show; net profit surges 50%

Loan book growth slowed to 21 per cent and slippages and SMA-2 loan pool rose sharply

IndusInd Bank Q2 net jumps 52% to Rs 1,401 cr; gross NPAs up 2.2%

Total income during the second quarter of 2019-20 rose to Rs 8,877.53 crore from Rs 6,755.37 crore in the year-ago period

Investors struggle to cut losses as shadow banking crisis deepens

Trading in NBFC bonds slid to a five-month low of about Rs 75,520 in the secondary market in September, the lowest since April

India's shadow bank crisis is over, lenders more positive: IndusInd Bank

IndusInd joins Axis Bank Ltd. and Edelweiss Financial Services Ltd. in predicting that the Indian financial sector's woes will ease soon

IndusInd Bank hits over 2-yr low on worries over exposure to stressed firms

Analysts at Reliance Securities believe the bank's high exposure to stressed sectors and management transition could continue to limit any meaningful upside in the stock price in near-to-medium term.

IndusInd Bank slips 16% in three days despite clarification on HFC exposure

The stock was trading lower for the third straight day, down 6 per cent at Rs 1,304 on the BSE.

RBI may not give extension to Romesh Sobti, Aditya Puri after terms end

Current RBI thinking is not to align pvt bank CEOs' age limit with Companies Act at 75 years

Here's a derivative strategy from HDFC Securities for IndusInd Bank

Views on derivative call by Nandish Shah, Senior Technical & Derivative Analyst, HDFC securities.

IndusInd Bank slips for fourth day, loses 11% in a week to hit 30-month low

Analysts' concerns about IndusInd Bank's exposure to stressed groups and the prevailing slowdown in select lending segments added to the woes.

After rising 1,500%, IndusInd bets on microfinance firm buy to extend gains

Acquiring India's largest micro financier gives the bank presence in more than 115,000 villages that will increase its cross-sell, lending and low-cost deposit mobilisation efforts

IndiGo, IndusInd Bank, Bharat Financial, Apollo Tyres hit 52-week highs

Britannia, Dilip Buildcon, Firstsource Solutions, Lakshmi Machine Works, MRF, Nestle India and TV18 Broadcasting were among 11 stocks from the S&P BSE500 index hitting their respective 52-week highs

S R Batliboi & Co resigns as statutory auditor for IndusInd Bank

IndusInd Bank has appointed Haribhakti & Co as statutory auditor for FY20, subject to RBI nod

IndusInd Bank net profit up 38% in June quarter; stock falls over 1%

The bank saw an increase in its bad debt

IndusInd Bank: Investors need to be watchful despite strong June quarter

Numbers were aided by BFIL merger and largely met expectations, but some asset quality stress visible in select segments

IndusInd Bank Q1 net profit jumps 38% at Rs 1,433 cr; gross NPAs at 2.15%

The bank had posted a net profit of Rs 1,035 crore in the corresponding period of the preceding fiscal ended March 2019

Hindujas to hike stake in IndusInd Bank, infuse Rs 2,700 cr via warrants

The merger between the bank and the micro-lender, which will be effective July 4, is accretive from a profit, margin and return on equity perspective

IndusInd Bank faced with crisis of confidence over asset quality

While management has stuck to its earlier guidance, some analysts believe the stressed assets number to be higher

Game of loans: Investors reward IndusInd Bank's clean-up act

MD says much of the exposure may be recovered via asset sale; Q4 largely satisfactory sans IL&FS impact