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India

Indusind Bank Ltd (INBK.NS)

INBK.NS on National Stock Exchange of India

895.50INR
1 Dec 2020
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Latest Key Developments (Source: Significant Developments)

IndusInd Bank Says Sold 2.4 Mln Shares Of Eveready Industries India
Tuesday, 17 Nov 2020 

Nov 17 (Reuters) - INDUSIND BANK::HAS SOLD 2.4 MILLION SHARES OF EVEREADY INDUSTRIES INDIA.  Full Article

India's IndusInd Bank Sept-Qtr Net Profit Drops
Friday, 30 Oct 2020 

Oct 30 (Reuters) - Indusind Bank Ltd ::SEPT-QUARTER NET PROFIT 6.47 BILLION RUPEES VERSUS PROFIT 13.83 BILLION RUPEES YEAR AGO.CONSENSUS FORECAST FOR SEPT-QUARTER NET PROFIT WAS 5.1 BILLION RUPEES -- REFINITIV DATA.SEPT-QUARTER INTEREST EARNED 71.77 BILLION RUPEES VERSUS 71.5 BILLION RUPEES YEAR AGO.SEPT-QUARTER PROVISIONS AND CONTINGENCIES 19.64 BILLION RUPEES VERSUS 7.38 BILLION RUPEES YEAR AGO.SEPT-QUARTER GROSS NPA 2.21% VERSUS 2.53% PREV QUARTER.SEPT-QUARTER NET NPA 0.52% VERSUS 0.86% PREV QUARTER.  Full Article

Indusind Bank Makes Floating Provision Of 5 Bln Rupees Towards COVID-19 Impact In June-Qtr
Tuesday, 28 Jul 2020 

July 28 (Reuters) - Indusind Bank Ltd ::IN JUNE-QUARTER, MADE FLOATING PROVISION OF 5 BILLION RUPEES TOWARDS COVID-19 IMPACT.  Full Article

Indusind Bank June Quarter Net Profit Slumps
Tuesday, 28 Jul 2020 

July 28 (Reuters) - Indusind Bank Ltd ::JUNE QUARTER GROSS NPA 2.53% VERSUS 2.45% PREV QUARTER.JUNE QUARTER NET PROFIT 4.61 BILLION RUPEES VERSUS 14.33 BILLION RUPEES YEAR AGO.JUNE QUARTER NET NPA 0.86% VERSUS 0.91% PREV QUARTER.JUNE QUARTER INTEREST EARNED 71.62 BILLION RUPEES VERSUS 69.61 BILLION RUPEES YEAR AGO.JUNE QUARTER PROVISIONS AND CONTINGENCIES 22.59 BILLION RUPEES VERSUS 4.31 BILLION RUPEES YEAR AGO.CONSENSUS FORECAST FOR JUNE-QUARTER NET PROFIT WAS 7.85 BILLION RUPEES -- REFINITIV DATA.  Full Article

Indusind Bank Exec Says Q4 Loan Growth Slowed Due to Virus Outbreak
Monday, 27 Apr 2020 

April 27 (Reuters) - Indusind Bank Ltd Chief Executive Officer Sumant Kathpalia::SAYS Q4 NIM AT 4.25%.SAYS LOAN GROWTH AT THE END OF Q4 SLOWED DUE TO THE CORONAVIRUS OUTBREAK.SAYS BORROWER PROFILE IS BETTER THAN INDUSTRY SO HOPEFUL THAT CREDIT PROFILE WILL HOLD UP.SAYS EXPECTS SLOWDOWN IN COMMERCIAL VEHICLE SEGMENT FOR FIRST TWO QUARTERS OF THIS FINANCIAL YEAR.SAYS EXPECT GROWTH OF CORPORATE LOANS TO BE LIMITED TO 6-8% FOR THIS YEAR.SAYS WILL MODERATE GROUP EXPOSURE IN THE CORPORATE LOAN BOOK.SAYS WILL REDUCE SOME SECTORAL EXPOSURE ON CORPORATE REAL ESTATE AND ON NBFCS.SAYS WILL INCREASE PROVISION COVERAGE RATIO TO 70% OVER THE COMING QUARTERS.  Full Article

India's Indusind Bank March Quarter Profit Misses Estimates
Monday, 27 Apr 2020 

April 27 (Reuters) - Indusind Bank Ltd ::MARCH QUARTER NET PROFIT 3.02 BILLION RUPEES.CONSENSUS FORECAST FOR MARCH QUARTER NET PROFIT WAS 5.67 BILLION RUPEES -- REFINITIV DATA.MARCH QUARTER INTEREST EARNED 73.87 BILLION RUPEES.MARCH QUARTER PROVISIONS AND CONTINGENCIES 24.4 BILLION RUPEES.MARCH QUARTER GROSS NPA 2.45% VERSUS 2.18% PREV QUARTER.MARCH QUARTER NET NPA 0.91% VERSUS 1.05% PREV QUARTER.INDUSIND BANK - PROFIT, REVENUE FIGURES FOR QUARTER ARE NOT COMPARABLE WITH PREVIOUS PERIODS DUE TO MERGER OF BHARAT FINANCIAL INCLUSION.INDUSIND BANK-EXTENT TO WHICH COVID-19 PANDEMIC WILL IMPACT BANK'S OPERATIONS, FINANCIAL RESULTS DEPENDENT ON FUTURE DEVELOPMENTS, WHICH ARE HIGHLY UNCERTAIN.INDUSIND BANK - IN COVID-19 BACKDROP, DURING QUARTER & YEAR ENDED MARCH 31, MADE COUNTER CYCLICAL BUFFER/FLOATING PROVISION OF 2.60 BILLION RUPEES.  Full Article

IndusInd Bank Exec Says Will Try To Keep Provision Coverage Ratio To Over 60% Or Even Raise It Further - Analyst Call
Monday, 30 Mar 2020 

March 30 (Reuters) - :INDUSIND BANK EXEC SAYS SAW OUTFLOWS FROM GOVERNMENT FIXED DEPOSITS, RETAIL DEPOSITS HAVE BEEN SLOWER BUT OVERALL BUSINESS RESILIENT - ANALYST CALL.INDUSIND BANK EXEC SAYS WILL TRY TO KEEP PROVISION COVERAGE RATIO TO OVER 60% OR EVEN RAISE IT FURTHER - ANALYST CALL.INDUSIND BANK EXEC SAYS MAY RATIONALISE ASSET GROWTH RATE FOR COUPLE OF QUARTERS AND WILL FOCUS ON MAKING IT MORE GRANULAR - ANALYST CALL.INDUSIND BANK EXEC SAYS WILL NOT DO LARGE CHUNKY LOAN EXPOSURES ANY MORE - ANALYST CALL.  Full Article

IndusInd Bank Appoints Arun Tiwari As Part-Time Chairman
Friday, 31 Jan 2020 

Jan 31 (Reuters) - IndusInd Bank Ltd ::APPOINTS ARUN TIWARI AS PART-TIME CHAIRMAN.  Full Article

Indusind Bank Dec Qtr Net Profit Up
Tuesday, 14 Jan 2020 

Jan 14 (Reuters) - Indusind Bank Ltd ::DEC QUARTER NET PROFIT 13 BILLION RUPEES VERSUS 9.85 BILLION RUPEES YEAR AGO.DEC QUARTER INTEREST EARNED 72.85 RUPEES VERSUS 57.63 BILLION RUPEES YEAR AGO.DEC QUARTER PROVISIONS AND CONTINGENCIES 10.43 BILLION RUPEES VERSUS 6.07 BILLION RUPEES YEAR AGO.DEC QUARTER GROSS NPA 2.18% VERSUS 2.19% PREV QUARTER.DEC QUARTER NET NPA 1.05% VERSUS 1.12% PREV QUARTER.CONSENSUS FORECAST FOR DEC QUARTER NET PROFIT WAS 13.10 BILLION RUPEES.  Full Article

India's IndusInd Bank Exec Says Aim To Keep Credit Cost Between 60-70 BPS
Thursday, 10 Oct 2019 

Oct 10 (Reuters) - IndusInd Bank Ltd Exec ::INDIA'S INDUSIND BANK EXEC SAYS HAD 1.1% EXPOSURE TO MEDIA, DIVERSIFIED AND HOUSING FINANCE COMPANIES IN Q2; EXPECTED TO COME DOWN FURTHER.INDUSIND BANK EXEC SAYS NET SLIPPAGES FOR BANK HAS FALLEN FROM 0.54% LAST QUARTER TO 0.35% THIS QUARTER.INDUSIND BANK EXEC SAYS GAINED MARKET SHARE IN AUTO SEGMENT IN Q2 DESPITE SLOWDOWN.INDUSIND BANK EXEC SAYS UNSECURED BUSINESS GROWING AT 40% CAGR IN Q2.INDUSIND BANK EXEC SAYS REAL ESTATE EXPOSURE IS 3.8% OF LOAN BOOK IN Q2 WITH SMALL OVERDUE.INDUSIND BANK EXEC SAYS AIM TO KEEP CREDIT COST BETWEEN 60-70 BASIS POINTS, HALF YEAR CREDIT COST AT 33 BASIS POINTS.INDUSIND BANK EXEC SAYS SIX MONTH CERTIFICATE OF DEPOSIT RATE CHOSEN AS BENCHMARK FOR EXTERNAL BENCHMARKING OF LOANS.  Full Article