Page 32 - Indusind Bank

IndusInd Bank Q3 net profit rises 25% to Rs 9.36 billion; stock falls 2%

The capital adequacy ratio (CRAR) for the quarter was 15.83 per cent an improvement against 15.31 per cent in the previous quarter

IndusInd Bank Q3 net profit rises 25% to Rs 9.36 bn; stock falls 2%

Private sector lender IndusInd Bank today posted a 24.72 per cent increase in net profit to Rs 936.25 crore for the quarter ended on December 31, 2017. The bank had recorded a net profit of Rs 750.64 crore in the October-December quarter of last fiscal. Total income of the lender also increased to Rs 5,473.54 crore during the quarter under review, up 16.05 per cent as against Rs 4,716.13 crore over the corresponding period of the previous fiscal, IndusInd Bank said in a BSE filing. The gross non-performing assets (NPAs) of IndusInd Bank increased to 1.16 per cent of the total advances during the third quarter of the current fiscal, against 0.94 per cent at the end of third quarter of 2016-17. Net NPAs of the bank rose to 0.46 per cent in the quarter from 0.39 per cent of the total assets. Commenting on the performance, IndusInd Bank MD & CEO Romesh Sobti said: "The bank has continued to show a steadfast performance again in this quarter. All vectors for both topline .

IndusInd Bank raises Rs 3,193 cr from overseas lenders to expand business

The tenor of the loan is for three years and will be used for general banking purposes

IndusInd net jumps 25% on vehicle loan demand

The company plans to use excess margin from retail loans to subsidise good quality corporate book

IndusInd Bank: NPA ratios stabilise, profitability remains strong

Focus shifts to how consolidation with Bharat Financial would play out

IndusInd Bank Q2 net jumps 25% to Rs 880 cr on robust CV loan demand

Total income rose to Rs 5,395.92 crore from Rs 4,439.72

Bharat Financial, IndusInd Bank sign exclusive merger talk deal

BS ReporterHyderabad, 9 September: Micro finance company Bharat Financial Inclusion Limited(BFIL), formerly known as SKS Microfinance, has announced that it has signed an exclusivity agreement on Monday for a potential merger with private sector lender IndusInd Bank.Statements issued by both BFIL and IndusInd Bank on the signing of an exclusivity agreement finally confirmed months of speculations over the ongoing negotiations between the two in the run up to a strategic arrangement.Some of the earlier reports indicated that it was going to be an all-stock deal while the structure of amalgamation on whether BFIL would be merged into IndusInd Bank or would it be made a wholly-owned subsidiary was still a part of the ongoing discussions.Bharat Financial CEO and managing director M R Rao said they are hoping to conclude the deal in the next few weeks of time. " The purpose of signing this exclusivity agreement is to discuss the terms of the proposed merger, including the valuations ...

Rise in non-performing assets only a blip for IndusInd Bank

Gross NPAs at 1.09% broke FY17 trend of sub-1% levels

IndusInd Bank: Gearing up for the next growth phase

The performance of IndusInd Bank suggests that some of the concerns that the Street expressed on likely dip in non-interest income and sustainability of deposit base garnered in December quarter were probably a bit stretched. More importantly, the March quarter (Q4) results reiterated that the bank is in the right direction to achieve its 3-year targets, which includes doubling customer base to 20 million. Among others, it plans to expand loan book by 25-30 per cent by FY21, while improving its low-cost current account - savings accounts (CASA) deposit share to 40 per cent.Net interest income (NII) at Rs 1,667 crore expanded by 31 per cent year-on-year, while the fee income grew a tad higher at 33 per cent year-on-year to Rs 1,211 crore. This is marginally ahead of Street expectation, though provisions for loans which almost doubled in March 2017 quarter (Q4) restricted net profit growth to 21 per cent. Consequently, at Rs 752 crore, net profit was lower than Bloomberg estimate of Rs .

IndusInd Bank Q4 net up 21% at Rs 751 cr

FY17 net up 25% at Rs 2,867 cr

IndusInd Bank to raise Rs 1,000 crore via Basel III bonds

Fundraising plan is pending shareholder approval and a nod from the board of directors

IndusInd Bank raises Rs 1,000 crore via bonds compliant with Basel III

Private sector lender IndusInd Bank has raised Rs 1,000 crore by issuing bonds compliant with Basel III standards. The board of directors have passed the resolution for issuance of Basel III compliant bonds towards non-equity additional tier I capital for cash aggregating to Rs 1,000 crore on private placement, the bank said in a regulatory filing. The bonds, in the nature of debentures, are of face value of Rs 10 lakh each. They have been rated stable 'AA' both by Crisil and India Ratings & Research. India is implementing globally accepted Basel III Capital Regulations for banks since April 1, 2013 to become fully compliant with the norms by March 2019. The standards were introduced after the 2008 global economic crisis to make banks more resilient to sub-prime shocks. It requires banks to improve on their capital planning to meet contingencies. Stock of IndusInd Bank closed 0.38 per cent down at Rs 1,379.65 on BSE.

IndusInd Bank to raise capital through Rs 1,000 crore AT1 bonds

As on December 31, 2016, IndusInd had an asset base of about Rs 1,67,102 crore

IndusInd warms up to Bharat Fin, but flinches at price

All-share deal may value Bharat Financial at Rs 12,000 crore

IndusInd Bank, YES Bank hits record high

YES Bank was up 2.7% at Rs 1,452 and IndusInd Bank, up 1.4% at Rs 1,341 hit record highs in intra-day trade on NSE

Indusind Bank not to grow unsecured book beyond 5%

Mid-sized private sector lender Indusind Bank is keen on acquiring new credit card customers

IndusInd Bank nears record high on strong Q3 results

The stock rallied 6% to Rs 1,231 on BSE in intra-day trade

IndusInd Bank Q2 Net profit up 26%

Net profit in the second quarter rose to Rs 704.26 crore from Rs 560.04 crore in the corresponding quarter last year

IndusInd Bank Q2 net profit up 25.75% to Rs 704 crore

The total income of the lender also increased to Rs 4,439.72 crore during the quarter under review

IndusInd Bank opens international banking unit at GIFT City

Bank will be able to actively offer products such as ECBs to customers in an area where it had limited capabilities so far