Weekly Technical Recommendations by Religare Broking Ltd
The stock has gained over 22 per cent since announcement of the September-quarter results, indicating the Street sees some merit in management's asset-quality guidance
Rajesh Mirjankar, MD and CEO of InfrasoftTech, says it's a popular myth that bankers do not understand technology
Trading calls by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers
As mandated under the extant RBI norms, the bank has submitted an application to the Reserve Bank of India, seeking approval for the appointment of the new MD & CEO of the bank.
Sobti's tenure comes to end in March 2020, when he turns 70
IndusInd Bank's advances grew a mere 21 per cent, slowest in over 20 quarters.
Loan book growth slowed to 21 per cent and slippages and SMA-2 loan pool rose sharply
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
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
IndusInd joins Axis Bank Ltd. and Edelweiss Financial Services Ltd. in predicting that the Indian financial sector's woes will ease soon
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.
The stock was trading lower for the third straight day, down 6 per cent at Rs 1,304 on the BSE.
Current RBI thinking is not to align pvt bank CEOs' age limit with Companies Act at 75 years
Views on derivative call by Nandish Shah, Senior Technical & Derivative Analyst, HDFC securities.
Analysts' concerns about IndusInd Bank's exposure to stressed groups and the prevailing slowdown in select lending segments added to the woes.
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
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
IndusInd Bank has appointed Haribhakti & Co as statutory auditor for FY20, subject to RBI nod
The bank saw an increase in its bad debt