Sharekhan

IndusInd Bank Ltd

Fri 30/05/2025,9:29:59 NSE: INDUSINDBK

₹ 818.25 -5.90 (-0.72%)
BUY NOW Buy IndusInd Bank Ltd Stock

Open Free Demat and Trading account in 15 minutes

Home Stock IndusInd Bank Ltd

Fri 30/05/2025,9:43:0

IndusInd Bank Ltd

Fri 30/05/2025,9:29:59 | NSE : INDUSINDBK

₹ 818.25-5.90 (-0.72%)

Data is delayed. Analysis is best done in real-time! Open a FREE Sharekhan Demat A/c in 15 mins* and continue your analysis with real-time data.

Market Data

Essential tool: analyze, trade, manage, decide.

Open

₹ 821.10

Previous Close

₹ 824.15

Volume

571071

Mkt Cap ( Rs. Cr)

₹63746.13

High

₹ 823.85

Low

₹ 817.40

52 Week High

₹ 1550.00

52 Week Low

₹ 606.00

Book Value Per Share

₹ 843.35

Dividend Yield

2.00

Face Value

₹ 10.00

What’s Your Call?

Collective community sentiment on IndusInd Bank Ltd

Your Vote -

Buy

60.68%

Hold

25.94%

Sell

13.38%

60.68%

19054 users have voted

Market Depth

How many stocks are available to buy or sell and at what prices.

Buy Order Quantity

45%

Sell Order Quantity

55%

Bid Price

Qty

814.50

1634

814.00

30

814.00

112

814.00

375

814.00

1094

Bid Total

331530

Bid Price

Qty

814.85

35

815.00

140

815.00

593

815.00

1386

815.00

33

Bid Total

413142

Option Chain

Analyzes market sentiment, predicts IndusInd Bank Ltd' movement.

Call Price Open interest Strike Price Put Price Open interest

News

Media spotlight triggers indusind bank ltd stock attention, sentiment.

  • IndusInd Bank - Announcement under Regulation 30 (LODR)-Credit Rating

    29 May 2025, 6:53PM Credit Rating - CRISIL Ratings Limited

  • IndusInd Bank - General Updates

    28 May 2025, 10:13PM Indusind Bank Limited has informed the Exchange about General Updates

  • IndusInd Bank - Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 201

    28 May 2025, 10:11PM Please find attached herewith the captioned intimation.

  • IndusInd Bank - Analysts/Institutional Investor Meet/Con. Call Updates

    27 May 2025, 6:36PM Indusind Bank Limited has informed the Exchange about Schedule of meet

  • IndusInd Bank - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    27 May 2025, 6:28PM Please find enclosed herewith the captioned intimation.

  • IndusInd Bank - Analysts/Institutional Investor Meet/Con. Call Updates

    26 May 2025, 5:18PM Indusind Bank Limited has informed the Exchange about Transcript

  • IndusInd Bank - Announcement under Regulation 30 (LODR)-Earnings Call Transcript

    26 May 2025, 4:59PM Transcript of Earnings Call : Q4FY24-25\r\n\r\n

  • IndusInd Bank - Copy of Newspaper Publication

    22 May 2025, 12:47PM Indusind Bank Limited has informed the Exchange about copy of Newspaper Publication pertaining to the Audited Standalone and Consolidated Financial Re

  • IndusInd Bank shares bounce back after falling nearly 6% in early trade

    22 May 2025, 11:26AM Shares of IndusInd Bank staged a strong recovery on Thursday after initially plunging nearly 6% in early trade. The sharp fall followed the lender's a

  • IndusInd Bank - Analysts/Institutional Investor Meet/Con. Call Updates

    21 May 2025, 9:04PM Indusind Bank Limited has informed the Exchange about Link of Recording

  • IndusInd Bank - Audio Recording Of Earnings Call For The Quarter And Year Ended March 31, 2025

    21 May 2025, 9:01PM Please find attached herewith the captioned intimation.

  • IndusInd Bank - Investor Presentation On The Audited Standalone And Consolidated Financial Results Of The Bank For The Quarte

    21 May 2025, 6:39PM Please find attached herewith the captioned intimation.

  • IndusInd Bank - Press Release

    21 May 2025, 6:35PM Indusind Bank Limited has informed the Exchange regarding a press release dated May 21, 2025, titled ""Press Release Audited Standalone and Consolid

  • IndusInd Bank - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    21 May 2025, 6:35PM Press Release Q4 FY 2024-25

  • IndusInd Bank - Investor Presentation

    21 May 2025, 6:34PM Indusind Bank Limited has informed the Exchange about Investor Presentation

  • IndusInd Bank posts Q4 net loss of Rs 2235.99 cr

    21 May 2025, 6:32PM The bank reported standalone net loss during the quarter stood at Rs 2235.99 crore compared to net profit of Rs 2346.84 crore in the previous year qua

  • IndusInd Bank - Audited Standalone And Consolidated Financial Results For The Quarter And Financial Year Ended March 31, 2025

    21 May 2025, 6:31PM Please find attached herewith the captioned intimation.

  • IndusInd Bank - Outcome of Board Meeting

    21 May 2025, 6:29PM Indusind Bank Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.

  • IndusInd Bank - General Updates

    21 May 2025, 6:16PM Indusind Bank Limited has informed the Exchange about General Updates

  • IndusInd Bank - Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

    21 May 2025, 6:15PM Please find attached herewith the captioned intimation.

  • IndusInd Bank - Press Release

    20 May 2025, 11:20AM Indusind Bank Limited has informed the Exchange regarding a press release dated May 20, 2025, titled ""IndusInd Bank inks MoU with DPIIT to Empower In

  • IndusInd Bank - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    20 May 2025, 11:25AM Press Release

  • IndusInd Bank - Press Release

    19 May 2025, 10:47AM Indusind Bank Limited has informed the Exchange regarding a press release dated May 19, 2025, titled ""IndusInd Bank signs MoU with AIC STPINEXT to Em

  • IndusInd Bank partners with AIC STPINEXT to empower early-stage startups

    19 May 2025, 12:57PM IndusInd Bank on Monday announced the signing of an agreement with AIC STPINEXT to offer crucial financial solutions and structural support to early-s

  • IndusInd Bank - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    19 May 2025, 10:49AM Press Release

  • IndusInd Bank - Analysts/Institutional Investor Meet/Con. Call Updates

    16 May 2025, 7:38PM Indusind Bank Limited has informed the Exchange about Schedule of meet

  • IndusInd Bank - Earnings Call For The Quarter And Financial Year Ended March 31, 2025

    16 May 2025, 7:36PM Earnings Call : Q4 FY 24-25

  • IndusInd Bank - Board Meeting Intimation

    16 May 2025, 6:09PM INDUSIND BANK LIMITED has informed the Exchange about Board Meeting to be held on 21-May-2025 to consider and approve the Yearly Audited Financial res

  • IndusInd Bank - Copy of Newspaper Publication

    16 May 2025, 5:30PM Indusind Bank Limited has informed the Exchange about Copy of Newspaper Publication

  • IndusInd Bank - Board Meeting Intimation for Approval Of The Audited Consolidated And Standalone Financial Results Of The Ban

    16 May 2025, 4:49PM Indusind Bank Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/05/2025 ,inter alia, to consider and ap

  • IndusInd Bank - Credit Rating

    16 May 2025, 3:38PM Indusind Bank Limited has informed the Exchange about Credit Rating

  • IndusInd Bank - Announcement under Regulation 30 (LODR)-Credit Rating

    16 May 2025, 3:34PM Credit rating - CARE Edge RATINGS

  • IndusInd Bank shares slip nearly 6%

    16 May 2025, 11:09AM IndusInd Bank shares fell sharply on Friday, declining nearly 6%, after the company disclosed that its Internal Audit Department (IAD) had identified

  • IndusInd Bank - News Verification

    16 May 2025, 9:55AM The Exchange has sought clarification from Indusind Bank Limited with respect to recent news item captioned IndusInd Bank shares in focus as internal

  • IndusInd Bank - General Updates

    15 May 2025, 8:07PM Indusind Bank Limited has informed the Exchange about clarification on news item

  • IndusInd Bank - Clarification On News Item

    15 May 2025, 8:06PM Please find attached herewith the captioned intimation.

  • IndusInd Bank - Clarification sought from Indusind Bank Ltd

    15 May 2025, 11:53AM The Exchange has sought clarification from Indusind Bank Ltd on May 15, 2025, with reference to news appeared in www.economictimes.indiatimes.com date

  • IndusInd Bank - News Verification

    15 May 2025, 11:39AM The Exchange has sought clarification from Indusind Bank Limited with respect to recent news item captioned IndusInd Bank shares in focus as internal

  • IndusInd Bank - News Verification

    12 May 2025, 10:17AM The Exchange has sought clarification from Indusind Bank Limited with respect to recent news item captioned Audit firm hints at insider trading by for

  • IndusInd Bank - Credit Rating

    10 May 2025, 1:43PM Indusind Bank Limited has informed the Exchange about Credit Rating

  • IndusInd Bank - Announcement under Regulation 30 (LODR)-Credit Rating

    10 May 2025, 1:40PM Please find attached herewith the captioned disclosure.

  • IndusInd Bank - General Updates

    9 May 2025, 9:02PM Indusind Bank Limited has informed the Exchange about clarification on news item

  • IndusInd Bank - Clarification On News Item

    9 May 2025, 8:58PM Please find attached herewith the disclosure on the captioned subject.

  • IndusInd Bank - News Verification

    9 May 2025, 5:32PM The Exchange has sought clarification from Indusind Bank Limited with respect to recent news item captioned Audit firm hints at insider trading by for

  • IndusInd Bank - Clarification Sought from Indusind Bank Ltd

    9 May 2025, 5:21PM The Exchange has sought clarification from Indusind Bank Ltd with reference to the media report appearing on https://indianexpress.com/article/busines

  • IndusInd Bank - Credit Rating

    8 May 2025, 12:41PM Indusind Bank Limited has informed the Exchange about Credit Rating

  • IndusInd Bank - Announcement under Regulation 30 (LODR)-Credit Rating

    8 May 2025, 12:43PM Please find attached herewith the captioned disclosure

  • IndusInd Bank - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    30 Apr 2025, 1:43AM INDUSIND BANK LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

  • IndusInd Bank - General Updates

    30 Apr 2025, 12:33AM Indusind Bank Limited has informed the Exchange Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulatio

  • IndusInd Bank - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    29 Apr 2025, 7:12PM INDUSIND BANK LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

  • IndusInd Bank - General Updates

    29 Apr 2025, 6:43PM Indusind Bank Limited has informed the Exchange Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulatio

  • IndusInd Bank - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    28 Apr 2025, 9:06PM INDUSIND BANK LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

  • IndusInd Bank - General Updates

    28 Apr 2025, 8:38PM Indusind Bank Limited has informed the Exchange about General Updates

  • IndusInd Bank - General Updates

    27 Apr 2025, 6:41PM Indusind Bank Limited has informed the Exchange about Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Reg

  • IndusInd Bank - News Verification

    22 Apr 2025, 4:04PM The Exchange has sought clarification from Indusind Bank Limited with respect to recent news item captioned IndusInd ropes in EY to conduct another au

  • IndusInd Bank - General Updates

    22 Apr 2025, 4:04PM Indusind Bank Limited has informed the Exchange about clarification on news item

  • IndusInd Bank - News Verification

    22 Apr 2025, 10:30AM The Exchange has sought clarification from Indusind Bank Limited with respect to recent news item captioned IndusInd ropes in EY to conduct another au

  • IndusInd Bank - Clarification On News Item

    22 Apr 2025, 3:57PM Please find attached herewith the captioned intimation.

  • IndusInd Bank - Clarification sought from Indusind Bank Ltd

    22 Apr 2025, 10:29AM The Exchange has sought clarification from Indusind Bank Ltd on April 22, 2025, with reference to news appeared in www.economictimes.indiatimes.com da

  • IndusInd Bank - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    17 Apr 2025, 11:40PM INDUSIND BANK LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

  • IndusInd Bank - General Updates

    17 Apr 2025, 7:07PM Indusind Bank Limited has informed the Exchange about disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Reg

  • IndusInd Bank - General Updates

    15 Apr 2025, 7:26PM Indusind Bank Limited has informed the Exchange about General Updates

  • IndusInd Bank has submitted to BSE the Shareholding Pattern for the Period Ended March 31, 2025

    12 Apr 2025, 7:00PM As of March 2025, 15.83% is owned by Foreign Promoters and 84.17% by Public. <p align=justify> Institutional holds 66.23% (Insurance Companies 7.43%)

  • IndusInd Bank - Half-Yearly Disclosure Relating To Centralized Database For Corporate Bonds/Debentures

    8 Apr 2025, 5:29PM Please find enclosed herewith the captioned intimation

  • IndusInd Bank - Certificate under SEBI (Depositories and Participants) Regulations, 2018

    4 Apr 2025, 7:09PM Indusind Bank Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

  • IndusInd Bank - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

    4 Apr 2025, 7:01PM In Compliance with Regulation74(5) of SEBI (Depositories and Participant)Regulations, furnish herewith certificate dated April 2, 2025 issued of RTA

  • IndusInd Bank - Updates

    4 Apr 2025, 6:54PM Indusind Bank Limited has informed the Exchange regarding 'Intimation under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015'.

  • IndusInd Bank - Intimation Under SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

    4 Apr 2025, 6:47PM Please find enclosed herewith the captioned intimation

  • IndusInd Bank - Half-Yearly Statement Containing Details Of Debt Securities As On March 31, 2025.

    2 Apr 2025, 11:11AM Please find attached herewith the captioned intimation.

  • IndusInd Bank - General Updates

    24 Mar 2025, 9:12PM Indusind Bank Limited has informed the Exchange about General Updates

  • IndusInd Bank - General Updates

    20 Mar 2025, 9:37PM Indusind Bank Limited has informed the Exchange about the disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Reg

  • IndusInd Bank - Credit Rating

    18 Mar 2025, 2:08PM Indusind Bank Limited has informed the Exchange about Credit Rating

  • IndusInd Bank - Announcement under Regulation 30 (LODR)-Credit Rating

    18 Mar 2025, 2:04PM Please find attached herewith the intimation on the captioned subject.

  • IndusInd Bank - Trading Window-XBRL

    15 Mar 2025, 9:03PM INDUSIND BANK LIMITED has informed the Exchange about Closure of Trading Window

  • IndusInd Bank - Trading Window

    15 Mar 2025, 6:33PM Indusind Bank Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 20

  • IndusInd Bank - General Updates

    15 Mar 2025, 2:02PM Indusind Bank Limited has informed the Exchange about Press Release issued by the Reserve Bank of India

  • IndusInd Bank - Analysts/Institutional Investor Meet/Con. Call Updates

    13 Mar 2025, 9:40PM Indusind Bank Limited has informed the Exchange about Transcript

  • IndusInd Bank shares plunge 23%, hit 52-week low amid derivatives discrepancies

    11 Mar 2025, 11:41AM IndusInd Bank's stock plummeted 23% in Tuesday's morning trade, marking its fifth consecutive session of decline, following the disclosure of discrepa

  • IndusInd Bank - Analysts/Institutional Investor Meet/Con. Call Updates

    10 Mar 2025, 11:16PM Indusind Bank Limited has informed the Exchange about Link of Recording

  • IndusInd Bank - Audio Recording Of The Analysts Call

    10 Mar 2025, 11:14PM Intimation on the captioned subject is attached.

  • IndusInd Bank - Analysts/Institutional Investor Meet/Con. Call Updates

    10 Mar 2025, 6:51PM Indusind Bank Limited has informed the Exchange about Schedule of meet

  • IndusInd Bank - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    10 Mar 2025, 6:50PM Schedule of analysts call

  • IndusInd Bank - General Updates

    10 Mar 2025, 6:37PM Indusind Bank Limited has informed the Exchange about disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulat

  • IndusInd Bank - Press Release

    8 Mar 2025, 11:06AM Indusind Bank Limited has informed the Exchange regarding a press release dated March 08, 2025, titled ""IndusInd Bank roots for women with the #DropT

  • IndusInd Bank - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    8 Mar 2025, 11:01AM Please find attached herewith the captioned intimation.

  • IndusInd Bank - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    7 Mar 2025, 3:54PM INDUSIND BANK LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

  • IndusInd Bank - Re-Appointment Of Mr. Sumant Kathpalia (DIN:01054434) As Managing Director & CEO Of The Bank

    7 Mar 2025, 3:50PM Please find attached herewith the captioned intimation.

  • IndusInd Bank - General Updates

    7 Mar 2025, 3:50PM Indusind Bank Limited has informed the Exchange about re-appointment of Mr. Sumant Kathpalia (DIN:01054434) as Managing Director & CEO of the Bank

  • IndusInd Bank - Alteration Of Capital and Fund Raising-XBRL

    6 Mar 2025, 11:44AM INDUSIND BANK LIMITED has informed the Exchange regarding Allotment of Securities

  • IndusInd Bank - ESOP/ESOS/ESPS

    6 Mar 2025, 11:39AM Indusind Bank Limited has informed the Exchange regarding Exercise of 1000 Options.

  • IndusInd Bank - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

    6 Mar 2025, 11:35AM Bank has allotteed 1000 Equity shares of Rs.10/-eh on March 6, 2025 to those grantees who had excerised option.

  • IndusInd Bank - General Updates

    28 Feb 2025, 8:43PM Indusind Bank Limited has informed the Exchange about General Updates

  • IndusInd Bank - Disclosure under Regulation 30A of LODR

    28 Feb 2025, 8:41PM Please find attached herewith the captioned disclosure.

  • IndusInd Bank signs MoU with AIC STPINEXT

    19 May 2025 , 10:58AM IndusInd Bank signs MoU with AIC STPINEXT to Empower India's Startup Ecosystem

  • IndusInd Bank

    16 May 2025 , 9:13AM The bank found more discrepancies in internal audit. During a review of the bank’s MFI business, the Internal Audit Department discovered that Rs 674 crore had been incorrectly recorded as interest over three quarters of fiscal 24-25. This amount was fully reversed by Jan. 10, 2025. Additionally, Rs 595 crore in unsubstantiated balances were found in the “other assets” account, which were adjusted against “other liabilities” in January 2025. Negative

  • IndusInd Bank

    15 May 2025 , 11:43AM As per the media reports, bank probes yet another accounting issue. Internal audit department is currently examining a series of past accounting reversals that were first raised in a whistle blower letter to the Reserve Bank of India (RBI) and the bank's board of directors. These are different from the issues that the bank has declared thus far. They involve ‘other assets’ and ‘other liability’ accounting entries that figure under operating expenses in the bank’s financial statements. It is unclear which years the matter pertains to.

  • Indusind Bank

    12 May 2025 , 11:17AM Moody’s has reaffirmed the credit ratings of the Bank but revised the outlook to negative and downgraded bank’s baseline credit assessment.

  • Indusind Bank

    30 Apr 2025 , 9:03AM Mr. Sumanth Kathpalia has resigned from MD & CEO Post. This development is line with the market expectation.

  • Indusind bank

    29 Apr 2025 , 11:01AM Mr. Arun Khurana resigns as Whole-time Director & Deputy CEO of the bank w.e.f. April 28, 2025.

  • Indusind Bank

    28 Apr 2025 , 11:05AM Grant Thornton has submitted the report on forex discrepancy issue. The report identifies incorrect accounting of internal derivative trades as principal cause of discrepancy. Notional profits from early termination of internal trades led to accounting lapses. Investigation also examined roles and actions of key employees. Board to fix accountability for lapses and re-align senior management responsibilities.

  • IndusInd Bank

    22 Apr 2025 , 9:40AM The bank has now appointed EY to conduct a forensic audit into a Rs. 600 crore discrepancy related to interest income in its microfinance portfolio, flagged during the statutory audit. This is separate from the ongoing Grant Thornton Bharat probe into forex derivatives portfolio irregularities. Negative read through.

  • Indusind Bank

    16 Apr 2025 , 9:41AM The bank has received a report from the external agency on discrepancies in derivative deals. External agency report has quantified negative impact of Rs.1,523 crore on post tax basis, largely in line with previous internal review estimates of Rs. 1,520 crore, accounting for 2.27% of net worth as at Dec 2024. Sentimentally Positive

  • Indusind bank

    7 Apr 2025 , 10:29AM The bank has reported weak business momentum on expected lines. Deposits grew by 6.85%YOY & 0.4%QOQ; CASA down by 7.5%YOY & 5.65%QOQ; CASA ratio at 32.8% vs 37.88%YOY & vs 34.88%QOQ; Retail deposits up 9.3%YOY & down 1.9%QOQ; Advances grew by 1.35%YOY & down 5.2%QOQ; Credit-deposit ratio at 84.6% vs 89.2%YOY & 89.6%QOQ.

  • Indusind bank

    27 Mar 2025 , 10:35AM Sebi is probing potential insider trading by senior IndusInd Bank officials following their derivative losses disclosure. The inquiry focuses on five executives' trades while holding sensitive information.

  • IndusInd Bank: Factually incorrect

    24 Mar 2025 , 11:27AM IndusInd Bank: Factually incorrect': IndusInd Bank refutes media report on CEO, deputy stepping down after accounting lapses.

  • IndusInd Bank

    24 Mar 2025 , 10:38AM RBI has asked bank board to submit the external candidate for MD & CEO as soon as possible and appointed a forensic audit.

  • IndusInd Bank

    21 Mar 2025 , 10:21AM The board has engaged an independent professional firm to thoroughly investigate discrepancies in its derivative portfolio.

  • IndusInd Bank

    19 Mar 2025 , 10:34AM As per the media interview of Mr. Ashok Hinduja, the bank is likely to propose new CEO names to RBI in the month of September 2025 for approval.

  • Stock Update: Indusind Bank

    13 Mar 2025 , 11:33AM Stock Update: Indusind Bank - Surprisingly Adverse Developments, Downgrade to HOLD

  • Stock Update :Indusind Bank

    11 Mar 2025 , 9:58AM Stock Update :Indusind Bank- The bank has disclosed a potential loss of 2.4% of net worth

  • IndusInd Bank

    11 Mar 2025 , 8:47AM The bank has disclosed a potential loss of 2.4% of net worth. The impact of the potential loss is relatively higher on the networth. The accounting of the FX hedges had a process flaw. Such events raise concerns on the adequacy of internal process & risk management as there have been several internal process/ risk lapses in the past. We await for the full clarity from external review report as final impact would be assessed by it. Also, it raises question why bank delayed it to report these discrepancies earlier during the Q3 results or at the time when RBI was informed. Visibility on stock continues to reduce, over the past 3 months, CFO has resigned, CEO has been given shorter extension and now we are aware of potential loss in derivative portfolio. Negative

  • IndusInd Bank

    10 Mar 2025 , 8:57AM RBI has granted only a one-year extension to Mr. Sumant Kathpalia (MD & CEO) vs board requesting a three-year reappointment. This marks the second consecutive time that the RBI has approved a shorter tenure instead of a full three-year term for Mr. Sumant

  • Stock Update: Indusind Bank Q3FY25 result review

    4 Feb 2025 , 11:06AM Stock Update: Indusind Bank Q3FY25 result review - Weak quarter on expected lines

  • IndusInd Bank

    20 Jan 2025 , 11:36AM Mr. Gobind Jain , CFO has resigned to pursue other professional opportunities. Mr. Arun Khurana – Whole-time Director (Executive Director) & Deputy CEO shall take additional charge. Neutral

  • Indusind bank

    27 Dec 2024 , 11:43AM MFI loans worth Rs1,573 crore has been put forth for sale at a reserve price of Rs. 85 crore and forms ~5.4% of the total stress pool being sold. Gross NPA in MFI portfolio was at Rs 2,259 crore as of Q2FY25. Hence, this pool forms ~69.6% of MFI NPA as of Q2FY25. Negative read through.

  • Indusind Bank

    7 Oct 2024 , 10:42AM Q2FY25 business update - Net advances grew by 13% yoy /3% qoq. Deposits grew by 15% yoy /4% qoq. CASA grew by 5% yoy/ declined by 2% qoq. Total retail deposits grew by 4% yoy/ 4% qoq led by term deposits. Wholesale deposits grew by 24% yoy/ 3% qoq. CD ratio at 86% vs 87% qoq. Deposit growth is healthy while loan growth remains in lower teens on expected lines. Neutral

  • IndusInd Bank

    30 Sep 2024 , 10:55AM The board has approved the re-appointment of Mr. Sumant Kathpalia as Managing Director & CEO for a term of three years, effective from March 24, 2025. This removes the overhang of management change but approval from RBI holds key. Neutral read through

  • Indusind Bank

    30 Sep 2024 , 10:39AM The board has approved the re-appointment of Sumant Kathpalia as Managing Director & CEO for a term of three years, effective March 24, 2025. This re-appointment is subject to approval by the Reserve Bank of India and the bank's shareholders. Sentimentally positive

  • Stock Update: Indusind Bank

    4 Sep 2024 , 11:03AM Stock Update: Indusind Bank- Sustained earnings progression & asset quality holds key

  • IndusInd Bank

    20 Aug 2024 , 9:55AM The bank has received the RBI's nod for undertaking mutual fund business via subsidiary and equity capital infusion in subsidiary. Positive.

  • IndusInd Bank

    22 Jul 2024 , 10:28AM The board has approved raising up to Rs 20,000 crore via debt securities on a private placement basis, and another Rs 10,000 crore via ADRs, GDRs or QIP in FY25.

  • IndusInd Bank Q1FY25 business update

    8 Jul 2024 , 9:57AM IndusInd Bank Q1FY25 business update – Loan growth moderated and CASA growth tepid - Negative

  • Stock Update: Indusind Bank

    26 Apr 2024 , 11:44AM Stock Update: Indusind Bank – Q4FY24 results – Steady Q4

  • IndusInd Bank Q4FY24 business update

    5 Apr 2024 , 11:00AM IndusInd Bank Q4FY24 business update – Retail deposits growth moderated q-o-q

  • Stock Update: Indusind Bank

    27 Mar 2024 , 11:26AM Stock Update: Indusind Bank – Stable outlook, attractive valuation

  • IndusInd Bank

    6 Feb 2024 , 10:27AM RBI has granted approval to HDFC group to acquire an aggregate holding of up to 9.5% of the paid-up share capital or voting rights in the bank. The stake will have to be acquired within a period of one year from the approval. Currently the HDFC group companies hold 2.43% stake in the bank. Positive

  • Stock Update: Indusind Bank

    19 Jan 2024 , 11:41AM Stock Update: Indusind Bank – Q3FY24 Results update: Steady Q3 with stable NIMs, higher slippages to normalise

  • Indusind Bank Q3FY24 business update

    4 Jan 2024 , 10:25AM Indusind Bank Q3FY24 business update: Good Q3

  • IDFC First Bank, Indusind and RBL bank

    29 Dec 2023 , 10:21AM ICICI Prudential AMC and ICICI Prudential Life have received RBI's nod to acquire aggregate holdings of up to 9.95% in the following banks. Positive

  • Stock Update: Indusind Bank

    27 Dec 2023 , 10:52AM Stock Update: Indusind Bank– Sector Outperformer

  • Indusind bank

    26 Oct 2023 , 10:02AM As per the media reports, promoters of bank i.e Hinduja group is expected to increase stake in the bank from 15% to 26% via open market purchase or preferential issue in near term. Also they have got in principle approval from RBI to increase the stake. Positive read through

  • Indusind Bank

    19 Oct 2023 , 11:24AM The latest shareholding of IndusInd Bank showed that the foreign shareholding has decreased to 62.61%, thereby meeting the minimum headroom requirement of 15%. There is a high probability of the bank being included in the MSCI index during the November review. Inflows expected in the range of $250-300 million. Positive.

  • IndusInd Bank

    12 Oct 2023 , 10:33AM RBI has given its approval to SBI Mutual Fund for acquiring up to 9.99% of the paid-up share capital in IndusInd Bank. It should acquire within a period of one year i.e. by October 10, 2024. SBI MF already has 3.5% stake currently in bank. Positive

  • Stock Update: Indusind Bank: Earnings growth to outperform sector growth

    29 Aug 2023 , 2:21PM Rating: Buy Reco Price: Rs. 1,409 Target price: Rs.1,650

  • Stock Update: Indusind Bank: Earnings growth to outperform sector growth

    29 Aug 2023 , 2:16PM Rating: Buy Reco Price: Rs. 1,409 Target price: Rs.1,650

  • IndusInd Bank

    30 Jun 2023 , 11:04AM Mr. Vivek Bajpeyi has been appointed as Chief Risk Officer of the Bank with effect from June 28, 2023 till September 30, 2025 . He has over 30 years in Credit & Risk Management, Corporate & Investment Banking and Distressed Asset Management with Global and Indian financial institutions. He has joined from RBL Bank where he worked as Head of Corporate Finance and previously as Head of Risk, CIB. Prior to that he worked with IDFC as Dy. Chief Risk officer, Nomura Securities as MD/ Head of Risk Management, India and Deutsche Bank as . Head of Corporate & Investment Bank. Neutral

  • IndusInd Bank

    23 Jun 2023 , 2:15PM As per the media reports, Hinduja Group, the existing promoters of the bank are expected to get RBI`s final approval for increasing the stake from 15% to 26% in the bank. Positive

  • Indusind Bank

    8 May 2023 , 12:05PM Mr Ramaswamy Meyyappan, the Chief Risk Officer of the Bank, has resigned. He is moving to a lead Risk function at one of the MNC Bank. Bank has appointed Mr Murlidhar Lakhara as a new Chief Risk Officer. Neutral

  • IndusInd Bank signs USD 100 million loan agreement with JBIC

    19 Apr 2023 , 3:03PM IndusInd Bank signs USD 100 million loan agreement with JBIC to facilitate the growth of Japanese Construction Equipment Companies in India

  • IndusInd Bank

    12 Apr 2023 , 10:13AM The company has released its March 2023 quarterly shareholding pattern where in it shows that FPI incremental shareholding room is at 14.19% (minimum required for MSCI Standard inclusion room is 15%). It misses out of MSCI Standard Index inclusion. Sentimentally Negative

  • IndusInd Bank

    5 Apr 2023 , 10:27AM IndusInd Bank: Company has released its Q4FY23 business update – (Retain Buy – TP -Rs. 1400)

  • Stock Update: Indusind Bank

    14 Mar 2023 , 10:19AM Stock Update: Indusind Bank– Re-Rating contingent upon improvement in core franchise

  • IndusInd Bank

    13 Mar 2023 , 10:53AM RBI has given approval for re-appointment of Mr. Sumant Kathpalia as Managing Director & CEO of the Bank for a further period of 2 years with effect from March 2023 vs envisaged period of 3 years. View: RBI has extended the term for its existing MD & CEO by 2 years vs 3 years as earlier approved by the board. We believe this would not lead to immediate re rating in the stock vs earlier anticipated. Bank has been progressing well on guided lines in terms of improving the internal controls along with underwriting, strengthening deposits franchise and improving the retail mix. Company has also guided for loan growth above 20% over the next two years. IIB remains our tactical buy under mid-tier Private Banks as valuations are attractive at 1.4x/ 1.2x its BV estimates for FY24E/ FY25E vs Avg. ROA trajectory of 1.9% over the next two years. However, we also await clarity on for any changes in the guidance going forward due to this event. Neutral read through.

  • IndusINd Bank

    3 Feb 2023 , 12:33PM As per media reports, Hinduja Group (existing promoter) is looking to increase its stake in IndusInd Bank to 26% from the existing 16.51%. It is preparing the application for submission to Reserve Bank of India (RBI) with regards to the same.

  • Indusind Bank

    2 Feb 2023 , 1:02PM Bank has clarified that its exposure to Adani group companies stands at 1.5% of loans. View: We do not see material risk to our investment thesis. Key catalyst is RBI`s approval for reappointment of its MD & CEO.

  • Stock Update: Indusind Bank– Q3FY23 Results update

    19 Jan 2023 , 11:36AM Stock Update: Indusind Bank– Q3FY23 Results update: Falling credit costs drives strong earnings growth

  • IndusInd Bank to launch co-branded credit card with Qatar Air & British Air

    5 Jan 2023 , 11:45AM The first joint Qatar Airways and British Airways co-branded credit card with IndusInd Bank in India

  • IndusInd Bank

    4 Jan 2023 , 10:30AM Bank has reported its Q3FY23 business update. Key highlights are as follows – Net Advances grew by 19.0% YoY/ 4.6% QoQ. Total Deposits grew by 14.4% YoY/ 3.0% QoQ. CASA Deposits grew by 14.0% YoY/ 2.1% QoQ. CASA Ratio at 42.0% vs 42.4% QoQ. CD ratio improved to 83.6% vs 82.3% QoQ. View: Advances growth continued to remain strong driven by strong system credit growth . Overall deposits & CASA growth has been lower sequentially. Key Positive : Strong loan growth sustained; Key Negative: Overall deposits & CASA growth momentum was lower sequentially. Overall positive business updates though deposits and CASA growth saw some softness sequentially.

  • Indusind Bank

    9 Dec 2022 , 11:18AM SV Credit Line (NBFC) and Bank have signed a co-lending agreement for Rs. 500 crore solely towards women borrowers. The agreement will help rural women access to affordable loans which they could use for a wide range of economic activities such as agriculture, animal husbandry, trading and local manufacturing, among others. Neutral read through.

  • IndusInd Bank

    30 Nov 2022 , 11:17AM Tata Motors partners with IndusInd Bank to offer exclusive Electric Vehicle dealer financing. Under this scheme, IndusInd Bank will provide additional inventory funding to authorized passenger EV dealers of Tata Motors. Repayment tenure will range from 60 to 75 days. Tata Motors has been pioneering the Indian automotive market and is currently leading the e-mobility wave in India with a commanding market share of 89%, with over 50,000 EVs produced till date in personal and fleet segments. Positive

  • IndusInd Bank

    4 Oct 2022 , 11:34AM Strong business momentum seen across deposits & advances in Q2FY23. Deposits were up 15% YoY & 4% QoQ. Net advances grew by 18% YoY & 5% QoQ . Casa ratio at 42.4% vs 42.1% YoY & 43.2% (QoQ). Overall positive read through for stock.

  • Stock Update: IndusInd Bank

    28 Sep 2022 , 11:58AM Stock Update: IndusInd Bank – Emerging Stronger

  • IndusInd Bank

    16 Sep 2022 , 10:50AM Board has approved the re-appointment of Mr. Sumant Kathpalia as the Managing Director & CEO of the Bank, for a further period of three years, with effect from March 2023 up to March 2026 subject to the approval of the RBI and the Shareholders of the Bank. Neutral read through

  • IndusInd Bank

    24 Aug 2022 , 11:14AM Bank has launched two digital banking units, one each in Punjab and Tamil Nadu to offer various instant, convenient and flexible banking services to its customers. It will offer a gamut of digital services and Do It Yourself (DIY) journeys. This includes the instant opening of Savings & Current Accounts, Term Deposits, instant processing of personal and small business loans, KYC updates, internet banking, and account statement generation. Customers will also be able to deposit and withdraw cash through a Cash Recycler. To assist the customers in their journey, banking experts will be available during standard banking hours. These experts will also guide, support, and educate the customers. Certain services like cash withdrawal/ deposit and internet banking will also be available 24x7 for the convenience of customers.

  • IndusInd Bank partners with EazyDiner to launch a co-branded credit card

    21 Jul 2022 , 12:59PM IndusInd Bank, EazyDiner partner to launch a co-branded credit card

  • IndusInd Bank partners with MoEngage for digital experience

    6 Jul 2022 , 12:57PM IndusInd Bank partners with MoEngage to deliver a differentiated digital experience for its customers

  • IndusInd Bank

    5 Jul 2022 , 12:30PM RBI has imposed a monetary penalty of Rs. 1 crore on IndusInd Bank Ltd for non-compliance with certain directions issued by RBI on Know Your Customer (KYC) directions. The penalty imposed is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.

  • Indusind Bank

    4 Jul 2022 , 9:36AM In Q1FY23, strong growth momentum seen in advances. Advances at Rs. 2,49,541 crore, up 18.4%YOY & 4.4%QOQ vs 12% YOY in last quarter. while Deposits at Rs. 3,03,094 crore, up 13.25% YOY & 3.21% QOQ. Deposit momentum is slowest in last 6 quarters. CASA up 16.2% YOY & 4.2% QOQ. However, CASA ratio is highest in last 14 quarters at 43.2%. Retail Deposits grew by 3% QOQ.

  • IndusInd Bank Business update

    5 Apr 2022 , 10:05AM Bank's net advances grew strong by ~13% y-o-y and ~5% q-o-q to Rs. 2,39,307 crore in Q4FY22. Its deposits rose by ~15% y-o-y and 3% q-o-q. CASA ratio stood at 42.8% versus 42.2% in Q3FY22. Positive.

  • Stock update: IndusInd Bank

    10 Mar 2022 , 12:05PM Stock update: IndusInd Bank- Overhang ends, audit impact non-material

  • IndusInd Bank

    9 Mar 2022 , 9:42AM The bank's update on the findings of anonymous allegations on microfinance loans of its subsidiary Bharat Financial Inclusion Ltd (BFIL) that the disbursement of loans without the consent was due to technical glitch, IT change management and process gap. Such disbursements net off provisions stood at Rs. 8.87 crores (~0.03% of microfinance portfolio). There were no adverse findings by the independent review. The bank has earlier in the Q3 call had updated that this product has been discontinued as on Sep'21 and has fully provided for the exposure. It carries provision of Rs. 368 crores towards standard microfinance portfolio as on Dec '21 and the contingent provisions stood at Rs. 3,328 crores. Further, the bank is likely to make additional provisions of Rs 13.5 crores in Q4FY22 for the lapses in product execution. Positive.

  • IndusInd Bank

    25 Feb 2022 , 10:56AM As per the media reports, IndusInd Bank has emerged as one of the top contenders to buy out IDFC Asset Management Co. Ltd. The AUM of IDFC AMC stood at Rs. 1.3 trillion as on December 2021 and the deal is likely to be around Rs. 7,000 to Rs. 10,000 crore. For the IndusInd bank, this acquisition plan is likely to bring in a new channel for fee based income. Positive.

  • IndusInd Bank Business Update

    5 Jan 2022 , 11:53AM IndusInd Bank Business Update: Net advances grew by 10% y-o-y and 3% q-o-q to Rs. 2,281billion in Q3FY22, on a low base. Its deposits rose by 19% y-o-y and 3% q-o-q to Rs. 2,848 billion. CASA ratio was at 42.2% vs. 42.1% in Q2FY22.

  • IndusInd Bank partners with NPCI to offer cross-border payments via UPI

    27 Dec 2021 , 10:33AM IndusInd Bank becomes the first Indian bank to go live on UPI for cross-border Payments

  • IndusInd Bank

    10 Dec 2021 , 9:57AM IndusInd Bank: Reserve Bank of India (RBI) granted approval to LIC to increase its holdings in IndusInd Bank to 9.99%. Currently, LIC holds 4.95% in the bank. Positive

  • Stock Update: IndusInd Bank

    30 Nov 2021 , 10:06AM Stock Update: IndusInd Bank- Possible promoter stake hike bodes well

  • Stock Update: IndusInd Bank

    30 Nov 2021 , 10:04AM Stock Update: IndusInd Bank- Possible promoter stake hike bodes well

  • Stock update– IndusInd Bank

    8 Sep 2021 , 10:03AM Stock update– IndusInd Bank Asset quality stress eases; eyeing normalcy from H2

  • IndusInd Bank board approves fund raising plan

    26 Jul 2021 , 12:42PM IndusInd Bank board approves Rs. 30,000 crore fund raise

  • IndusInd Bank partners with TPCODL to launch digital payment network

    7 Jul 2021 , 3:20PM IndusInd Bank joins hands with TPCODL, to launch a fully digital payment network in the state

  • Indusind Bank

    1 Jun 2021 , 10:20AM Indusind Bank: The bank had an investor call where it shared its business update. The key highlights are:

  • IndusInd Bank

    5 Apr 2021 , 3:24PM Indusind Bank: The bank has reported provisional figures for Q4 FY2021. The bank is seeing strong deposit momentum, with a 5Qtr high CASA %.

  • Moody’s upgrades IndusInd Bank’s outlook

    23 Mar 2021 , 1:59PM Moody's has upgraded its outlook for IndusInd Bank from "negative" to "stable"

  • IndusInd Bank

    26 Feb 2021 , 10:17AM As per media reports, Paytm and Ola have joined hands with private sector lender IndusInd Bank to apply for a New Umbrella Entity (NUE) licence that will allow them to set up a national payments network with powers similar to incumbent, National Payments Corporation of India (NPCI).

  • IndusInd Bank

    18 Feb 2021 , 9:19AM As per media reports, IndusInd Bank promoters IndusInd International Holdings Ltd (IIHL) have converted warrants in the bank investing Rs 2,021 crore, at a 60% premium to Tuesday’s closing price. The investment was done by pledging a portion of the bank's shares, which the promoters reasoned was done due to technical holding requirements. This would lead to promoters (IIHL) shoring up additional equity of 1.7% in lnduslnd Bank thereby bringing Promoter Equity to 15% on a diluted basis. – Sentimentally Positive for the stock. The development puts to rest the uncertainty for the promoter warrant of warrants.

  • IndusInd Bank

    18 Feb 2021 , 9:15AM As per media reports, IndusInd Bank promoters IndusInd International Holdings Ltd (IIHL) have converted warrants in the bank investing Rs 2,021 crore, at a 60% premium to Tuesday’s closing price. The investment was done by pledging a portion of the bank's shares, which the promoters reasoned was done due to technical holding requirements. This would lead to promoters (IIHL) shoring up additional equity of 1.7% in lnduslnd Bank thereby bringing Promoter Equity to 15% on a diluted basis. – Sentimentally Positive for the stock. The development puts to rest the uncertainty for the promoter warrant of warrants.

  • IndusInd Bank - Stock Update

    17 Feb 2021 , 11:03AM IndusInd Bank - Stock Update: Headwinds receding, fundamentals stay strong

  • IndusInd Bank

    17 Feb 2021 , 10:19AM lnduslnd International Holdings Ltd. (IIHL), the promoter company of lnduslnd Bank, has completed its capital raise through its Rights Issue. IIHL has decided to monetize some of the other mature, non-core investments. The capital raise, it has shared, will help support the redemption of Indusind warrants that the promoter is to invest in. The company has been raising funds to redeem the balance of 75% of the Indusind Bank warrants at the price of Rs. 1709/- per share (a premium over the current market price of Rs 1059), aggregating to Rs. 2021.45 crores. This would lead to IIHL shoring up additional equity of 1.7% in lnduslnd Bank thereby bringing Promoter Equity to 15% on a diluted basis. – Sentimentally Positive for the stock.

  • IndusInd Bank

    14 Jan 2021 , 2:17PM Indusind Bank: The promoters Induslnd International Holdings Limited (IIHL) and Induslnd Limited (IL), on July 6, 20I9 had paid Rs 495.29 crores and Rs 178.53 crores, respectively (aggregating Rs 673.81 crores) towards Warrant Subscription Price (being 25% of the Warrant Price of Rs 1709 per warrant)/. Citing possible delays the promoters had sought an extension to pay the balance 75%. In response SEBI has granted further 2 weeks (till 18 February 2021) of additional time to the promoters.

  • IndusInd Bank

    17 Dec 2020 , 10:23AM IndusInd Bank said that Sebi has granted one-month extension for its promoters Hinduja Family to subscribe to 75 % warrants of the bank in lieu of conversion of warrants, issued to them last year, worth over Rs 2,695 crore into equity. IndusInd Bank had issued convertible warrants to its promoters – IndusInd International Holdings Ltd and its subsidiary IndusInd Ltd on July 6, 2019 under the composite scheme of arrangement for a total amount of Rs 2,695.26 crore for 1.577 crore share warrants. In July 2019, the Promoters subscribed to 25% warrants aggregating to Rs. 673.82 crores, at a price of Rs.1709 per share.

  • IndusInd Bank

    11 Dec 2020 , 12:06PM The bank has appropriated losses worth Rs 18,975.3 crore from the bank's share premium account. The move has approval from the RBI.

  • IndusInd Bank – Stock Update

    1 Dec 2020 , 10:41AM IndusInd Bank – Stock Update - Encouraging outlook

  • Kotak Mahindra Bank, Indusind Bank

    26 Oct 2020 , 10:03AM As per media reports Kotak Mahindra Bank, is exploring a takeover of smaller Indian rival IndusInd Bank in an all share deal. Uday Kotak and the Hinduja family have held initial talks over the proposal in which the founders of IndusInd Bank could retain a stake in the lender after a deal. IndusInd Bank has denied any such developments.

  • IndusInd Bank

    6 Oct 2020 , 9:39AM Indusind Bank posted provisional numbers for Q2 FY21 which were mixed with CASA ratio stable on QOQ basis amidst reasonably strong growth in Deposits, but tepid Advances growth (behind the system growth of ~5%) indicates market share loss.

  • IndusInd Bank - Stock Update

    18 Sep 2020 , 12:13PM IndusInd Bank – Stock Update – Viewpoint: Sailing steady in a challenging environment

  • IndusInd Bank allot shares to investor via preferential issue

    3 Sep 2020 , 10:05AM Board approves to allot 4.76 crore shares at Rs. 524 apiece aggregating to Rs. 2,495.8 crore via preferential basis

  • IndusInd Bank

    3 Sep 2020 , 9:42AM The bank board has approved to allot 4.76 crore shares at Rs 524 apiece (at 18% discount to the LTP) aggregating to Rs 2,495.8 crore via preferential basis to qualified institutional buyers. The investors include Route One Offshore Master Fund, Route One Fund I, L.P. ICICI Prudential Life Insurance Company, Tata Investment Corporation Ltd and AIA Company Ltd.

  • IndusInd Bank

    11 Aug 2020 , 11:22AM Indusind Bank (IIB) has sold 32.47 lakh shares in Eveready Industries India at Rs 150.36 per share and has sold 45 lakh shares in Macleod Russel at Rs 13.85 per share which together will accrue to ~Rs 56 crores for the bank. Bank had on August 7, 2020, pursuant to Invocation of Pledge of Shares, acquired 56.83 lakhs Equity Shares (7.82% of total equity shares) of Eveready Industries India Ltd and 78.32 lakh Equity Shares (7.5% of total equity shares) of McLeod Russel India Ltd.

  • IndusInd Bank

    10 Aug 2020 , 10:11AM Bank has, on August 7, 2020, pursuant to Invocation of Pledge of Shares, acquired 56.83 lakhs Equity Shares (7.82% of total equity shares) of Eveready Industries India Ltd and 78.32 lakh Equity Shares (7.5% of total equity shares) of McLeod Russel India Ltd.

  • IndusInd Bank

    29 Jul 2020 , 10:23AM IndusInd Bank – Viewpoint – Q1 FY21 Result Update Sailing steady in a tough environment

  • IndusInd Bank to raise Rs. 3,288 crore via preferential issuance

    29 Jul 2020 , 9:39AM Board approves a Rs. 3,288-crore fund raising plan through a preferential issue

  • IndusInd Bank

    29 Jul 2020 , 9:32AM Board approves preferential issue of Rs 3288 cr at the price of Rs 524 per share. The capital raise will infuse 6.27 crore additional shares which will resulting in ~9% equity dilution. The Promoters will also participate in the fund raise. Post the capital raise Promoters stake will stand at 14.2%. Other investors include Tata Investment, ICICI Pru Life, etc.

  • IndusInd Bank

    28 Jul 2020 , 9:42AM As per media reports, IndusInd Bank is likely to announce a decision to raise $400-500 million (Rs2,990-3,740 crore) after its board meeting. US-based hedge fund Route One Investment Company (ROIC) could be the anchor investor, chipping in with nearly half of the total funds, with other investors in the intended capital raise. ROIC has recently got the approval of the Reserve Bank of India to double its stake in IndusInd Bank to 10%. The bank’s board at a July 5 meeting had cleared the fund’s proposal to acquire the stake. Also, the promoters, are also likely to convert their warrants into shares once the fundraising exercise is complete so as to maintain their stake at 15%.

  • IndusInd Bank

    27 Jul 2020 , 9:36AM Route One Investment Company LP, USA (ROIC) which is an existing investor holding approximately 4.96% stake in Indusind Bank (IIB) has been granted approval by the RBI to increase their stake in the Bank upto 10%.

  • IndusInd Bank

    24 Jul 2020 , 2:51PM Route One Investment Company LP, USA (ROIC) which is an existing investor holding approximately 4.96% stake in Indusind Bank (IIB) has been granted approval by the RBI to increase their stake in the Bank upto 10%.

  • IndusInd Bank

    8 Jul 2020 , 9:11AM As per media reports US-based hedge fund Route One Investment Company has initiated talks with IndusInd Bank to increase its stake in the bank which is exploring multiple options to strengthen its Balance Sheet and raise capital. Route One Investment Company currently holds a 5.41 % stake in IndusInd Bank through two entities. The plan is to hike it to around 9.9 % via a preferential allotment of shares. A few other investors may also join Route One and participate in what could potentially be a wider fundraising round through the preferential allotment route, under which the bank could dilute a combined stake of 10% (around Rs 3650 crore based on current Market Cap) to all parties.

  • IndusInd Bank

    6 Jul 2020 , 11:57AM Indusind Bank has provided Q1 FY21 provisional figures

  • IndusInd Bank

    8 Jun 2020 , 9:21AM Promoters plans to increase holding from open market

  • IndusInd Bank

    4 Jun 2020 , 3:21PM IndusInd Bank has launched a first-of-its-kind assisted mobile application-based facility, that enables the Bank to open current accounts for self-employed individuals and businesses digitally, in just a few hours. With this, customers can now do account opening without the hassle of arranging physical KYC documents of themselves or their firm.

  • IndusInd Bank

    22 May 2020 , 9:04AM The Bank expands its Video Banking platform and has launched 'Video KYC' for savings account and credit card customers. The video KYC services will simplify the on-boarding process for new customers seeking to open a savings account, or for those applying for a credit card from the bank.

  • IndusInd Bank

    12 May 2020 , 10:38AM As per media reports, Nippon Life has begun discussions with IndusInd Bank to explore a strategic investment in the private lender. Earlier, as per media reports, Indusind Bank had mandated investment banks to raise USD 500-750 million as “confidence capital” from private investors. The promoters had also asked the RBI permission to increase their stake to 26% from the mandated 15%.

  • IndusInd Bank

    28 Apr 2020 , 9:52AM IndusInd Bank Q4 FY20 Results First Cut – Mixed results

  • IndusInd Bank

    7 Apr 2020 , 12:19PM The bank shared the (Provisional) Q4 FY20 update.

  • IndusInd Bank

    3 Apr 2020 , 10:02AM As per media reports, IndusInd Bank is looking to raise as much as USD 500-750 million “confidence capital” from marquee global investors to soothe investor concerns over rising bad loans due to the Covid-19 outbreak and outflow of deposits. The bank has mandated Morgan Stanley and Citi to tap a handful of PE funds and Global funds such as Blackstone, Apax Partners, General Atlantic (GA), Advent, TPG and Carlyle have been approached.

  • IndusInd bank

    1 Apr 2020 , 10:25AM Induslnd Ltd., Mauritius, a Promoter of the Bank, has made full repayment of the Loan and the pledge of 23.8 million equity shares of IndusInd Bank Ltd. shall be released by Citibank, London, today. IndusInd Ltd., Mauritius is now a debt-free entity.

  • IndusInd Bank

    31 Mar 2020 , 9:49AM The management of Indusind bank had a concall. Below are the key highlights.

  • Sumant Kathpalia appoint as IndusInd Bank MD & CEO

    24 Mar 2020 , 11:09AM IndusInd Bank declines by 30% to Rs. 235.6, after Romesh Sobti retire as MD & CEO

  • IndusInd Bank

    17 Mar 2020 , 12:38PM As per media reports the Hindujas have asked the Reserve Bank of India that they be allowed to raise their stake in private sector lender IndusInd Bank to 26% from the mandated 15%, citing the relaxation granted to Uday Kotak recently. – Neutral read thru

  • IndusInd Bank

    9 Mar 2020 , 11:33AM IndusInd Bank has announced a deferment of its plans to raise funds using additional tier-1 instrument due to current market conditions.

  • IndusInd Bank board to mull fund raising

    5 Mar 2020 , 12:28PM Board will consider fund raising on March 09, 2020

  • RBI appoints Sumant Kathpalia as IndusInd Bank CEO

    28 Feb 2020 , 12:59PM RBI approves appointment of Sumant Kathpalia as IndusInd Bank CEO for three years

  • RBI+appoints+Sumant+Kathpalia+as+IndusInd+Bank+CEO

    28 Feb 2020 , 12:58PM RBI+approves+appointment+of+Sumant+Kathpalia+as+IndusInd+Bank+CEO+for+three+years

  • IndusInd Bank

    28 Feb 2020 , 11:21AM The RBI has approved the appointment of Mr. Sumant Kathpalia, who currently heads Indusind Bank's Consumer Banking business, as the MD & CEO for 3 years, with effect from March 24, 2020, post the retirement of Mr. Romesh Sobti, the current MD & CEO. – View: Sentimentally Positive read thru.

  • Cipla

    17 Feb 2020 , 12:02PM The USFDA has announced switching over of gVoltaren gel from Rx (prescription) to OTC mode. This is expected to have an adverse impact for Cipla as the gel constitutes around USD 40 mn of annualized sales and ~8% of profits of the company. Negative

  • IndusInd Bank

    12 Feb 2020 , 10:36AM Moody’s Rating agency has downgraded the credit rating outlook of Indusind Bank from stable to negative on account of its high exposure to stress sector such as real estate & telecom. However, it has maintained the credit ratings of the bank. – Sentimentally Negative, though stock has already corrected from its recent high owing to high NPAs issue. We have a Neutral rating on the stock.

  • IndusInd Bank

    15 Jan 2020 , 10:55AM Indusind Bank: Q3 FY20 Result Update: Mixed quarter, uncertainty clouds outlook

  • IndusInd Bank

    14 Jan 2020 , 3:00PM Indusind Bank – Q3FY20 results first cut – Mixed Performance

  • IndusInd Bank gains after BofAML upgrades stocks

    9 Jan 2020 , 10:57AM IndusInd Bank rises by 3% to Rs. 1,500, after global research firm BofAML upgrades the stock to buy

  • IndusInd Bank

    17 Dec 2019 , 1:11PM Viewpoint - Indusind Bank: Retail strategy to support outlook

  • IndusInd Bank

    1 Nov 2019 , 10:08AM The board has finalized a candidate to succeed current MD & CEO Mr. Romesh Sobti and has sought approval from RBI. The name of the candidate is not disclosed yet and will be done post RBI’s approval - Sentimentally positive

  • Indusind Bank

    11 Oct 2019 , 10:31AM Indusind Bank – Q2 FY20 Result Update – Soft quarter, reasonable valuation

  • IndusInd Bank

    10 Oct 2019 , 5:51PM Indusind Bank – Q2FY20 results first cut – Stable headline nos, but asset quality performance weak

  • IndusInd Bank

    10 Oct 2019 , 12:08PM As per media reports, IndusInd Bank is likely to soon announce consumer banking head Sumant Kathpalia as the replacement for managing director and chief executive Romesh Sobti, who is due to retire in March 2020. Kathpalia, 55, has been with IndusInd Bank since 2008. Mr Sobti may continue in non-executive role at the bank after stepping down as the MD and CEO, which will be seen positively – Sentimentally positive

  • IndusInd Bank: Viewpoint Update

    15 Jul 2019 , 10:38AM IndusInd Bank: Viewpoint Update: Q1FY20 results review – Stable performance, synergy benefits to kick in

  • IndusInd Bank: Q1FY20 Results First Cut – Strong results

    12 Jul 2019 , 3:06PM Q1 net profit rises by 38.3% to Rs. 1,432.5 crore

  • IndusInd Bank surges as Deutsche Bank maintains buy on the stock

    27 Jun 2019 , 10:31AM IndusInd Bank rises by 2% to Rs. 1,464.5, after global brokerage Deutsche Bank expects 32% upside in the stock

  • NCLT gets nod to IndusInd Bank and Bharat Financial Inclusion merger

    24 Apr 2019 , 11:36AM IndusInd Bank: NCLT gave approval to IndusInd Bank and Bharat Financial Inclusion merger – Positive read thru

  • IndusInd Bank raises lending rate to 15 bps

    17 Oct 2018 , 11:51AM IndusInd Bank raises lending rate by 5 to 15 BPS across various tenors – positive read thru

  • IndusInd Bank profit meets estimates

    11 Jul 2018 , 11:26AM IndusInd Bank reports healthy performance with net interest income up by 19.6% y-o-y to Rs2122.4 crore

  • Healthy business performance of IndusInd Bank Q4FY18

    20 Apr 2018 , 10:38AM We maintain our Positive stance and expect a potential 15-18% upside from current levels.

  • IndusInd Bank's performance lacks the zing

    12 Jan 2018 , 12:13PM We maintain our Positive stance and expect a potential 15-18% upside from current levels.

  • IndusInd Bank ties up with Paytm Payments Bank

    8 Jan 2018 , 3:00PM Positive read through for IndusInd Bank as it ties up with Paytm Payments Bank to provide fixed deposit facility.

  • Indusind, Yes Bank up on Sensex inclusion

    20 Nov 2017 , 12:17PM Indusind Bank rises by 1.35%, Yes Bank up by 2.46% after as these two scrips will replace Cipla and Lupin from the 30-share S&P BSE Sensex

  • IndusInd Bank approves acquisition of Bharat Financial

    16 Oct 2017 , 9:54AM IndusInd Bank board approves the merger with Bharat Financial Inclusion to create a stronger and more sustainable platform for Financial Inclusion

  • ALERT: IIB acquires BFIL - positive for BFIL

    16 Oct 2017 , 8:47AM Indusind bank (IIB), Bharat Financial Inclusion (BFIL): Deal finalized with share swap ratio of 639 equity shares of IIB for every 1,000 equity shares of Indusind – Swap ratio positive for BFIL (based on Friday closing price; stock to surge up);

  • IndusInd Bank: Viewpoint – steady quarter

    13 Oct 2017 , 9:16AM IndusInd Bank has been able to maintain with healthy growth rates along with strong asset quality during a phase where credit off-take has been low. Read details below:

  • IndusInd Bank: Q2FY18 results first cut

    12 Oct 2017 , 3:29PM In-line results. Read details below:

  • IndusInd Bank: Viewpoint update

    13 Sep 2017 , 10:39AM IndusInd’s proposed acquisition of Bharat Financial to be value accretive. Read details below:

  • IndusInd to acquire BFIL

    11 Sep 2017 , 10:55AM Indusind Bank (IIB) and Bharat Financial Inclusion (BFIL) announced an agreement where IndusInd would look at acquisition of BFIL and are currently doing due diligence – Negative read thru for Indusind Bank

  • Viewpoint Indusind Bank: Strong operational performance

    12 Jul 2017 , 2:42PM IndusInd Bank has posted stable set of numbers in Q1 FY2018 with strong topline growth despite some niggling asset quality issues
Load More
Show Less

Key fundamentals

Evaluate the intrinsic value of IndusInd Bank Ltd stock 

No Records Found

Shareholding Pattern

Corporate Action

XD-Date Dividend-Amount Dividend-% Dividend Yield(%GE) Price on that day
28 Jun 2024 16.5 165 2.02 1496.1
02 Jun 2023 14 140 2.02 1102
11 Aug 2022 8.5 85 2.02 978.55
17 Aug 2021 5 50 2.02 934.95
08 Aug 2019 7.5 75 2.02 1518.9
18 Jul 2018 7.5 75 2.02 1832.95
18 Jul 2017 6 60 2.02 1433.55
23 Jun 2016 4.5 45 2.02 972.1
07 Aug 2015 4 40 2.02 934.45
16 Jun 2014 3.5 35 2.02 487.15
17 Jun 2013 3 30 2.02 450.35
05 Jul 2012 2.2 22 2.02 345.3
30 Jun 2011 2 20 2.02 274.55
17 Jun 2010 1.8 18 2.02 176.35
22 Jun 2009 1.2 12 2.02 46.85
04 Sep 2008 0.6 6 2.02 61.15
31 Aug 2007 0.6 6 2.02 49.55
18 Aug 2005 1.8 18 2.02 71.05
29 Jul 2004 2.25 22.5 2.02 57.9
12 Sep 2003 1.4 14 2.02 19.65
18 Sep 2002 0 14 2.02 17.25
01 Aug 2001 0 13 2.02 12.9
0 12.5 2.02 24.65
0 12.5 2.02 19.45
0 12.5 2.02 17.9

Peers

Other companies within the same industry or sector that are comparable to IndusInd Bank Ltd

Company Price Price (% change) pe(x) EV/EBITDA(x) ROE(%) ROCE(%)
Equitas Small Finance Bank Ltd 63.51 -0.14 49.23 93531.74 12.90 0.00
Fino Payments Bank Ltd 241.60 0.38 21.73 6858.11 111.19 0.00
Central Bank of India 37.46 -0.08 8.61 715439.43 43.47 0.50
Kotak Mahindra Bank Ltd 2087.50 0.28 18.76 163834.50 2225.64 0.12

Company Info

1994 - The bank was incorporated on January and obtained Certificate of Commencement of Business in February 1994. The bank was promoted by IndusInd Enterprises and Finance Ltd. (IEFL) and five Mauritius based companies viz. IndusInd International Holdings Ltd. (IIHL) IndusInd (Mauritius) Holdings Ltd. (IMHL) IndusInd Ltd. (IL) IndusInd Investments Ltd. (IIL) DeFive Mauritius Holdings Ltd. (DFMHL). The bank commenced commercial operation in April. It undertook all kinds of banking business. - The bank proposed to set up an investment bank as a subidiary of the bank for concentrating on various faces of investment banking viz. issue management, corporate advisory service, infrastructure financing, mergers and acquisitions, trading and depository services etc. It was also proposed to introd uce the concept of "investment boutique" at selected branches viz. Ahmedabad, Chennai, Mumbai etc. - All operating outlets have direct access to Nostro Accounts through sophisticated computerised system "SWIFT". 1995 - 1200,00,000 No. of Equity shares issued. - The Company joined hands with Kredietbank NV, (KB) - Brussels, Belgium and a Memorandum of Understanding for strategic alliance has been signed with them in order to enhance capability to global standards. - The Bank has made a preferential offer of 2 crores equity shares of Rs. 10 each for cash at a premium of Rs. 40 per share aggregating Rs. 100 crores on private placement basis to the shareholders of the Bank, (other than promoters), shareholders of the promoter companies, and the employees of the Bank and of the promoter companies. 1996 - The Bank has a state-of-the-art dealing room at Nariman Point, Mumbai, catering to several additional positions of dealers and corporate analysts aimed at further enhancing the profitability of its investments. - The bank caters to the needs of NRI customers from 40 countries with deposits totalling Rs 905 crores. - 9 branches were added to the network and the number of branches doubled to 18. 1997 - The company issued 400,00,000 No. of equity shares of Rs 10 each for cash at a premium of Rs 35 per share to the public. - The Company has successfully launched the 'anywhere banking' concept and bank's customers can look at it as 'one Bank'. - IndusInd Bank has launched Fast Forex to wipe out delays in sending and receiving funds to and from foreign centres. Fast Forex is an international remittance product utilising the 24-hour processing and communication capabilities of SBC Warburg, the bank's USD clearing agent, through their electronic banking system Keylink. - The bank's shares were admitted for dematerialisation under a tripartite agreement signed by the bank, its registrars, Spectrum Corporate Services, and NSDL. 1998 - IndusInd Bank Ltd has launched its Banking on the Net service on March 24. This facility will serve as an alternate delivery channel that IndusInd Bank offers its customers in addition of branch banking, on-line ATM's and tele-banking. The customer can access Internet access Internet banking facilities not only through the Net but also through dial-up access on a common browser platform. - IndusInd Bank, has launched its new product, Fast Forex, which can remit funds to any part of the world at the fastest possible speed. - Bank has introduced net bank a product offering on the internet and the site can be visited on www.indusind.com by any customer who can register for this service. 1999 - The Bank has entered into an agreement with National Securities Clearing Corporation Ltd. of National Stock Exchange (NSE) whereby the Bank will act as official banker to NSE. - The private sector bank has also introduced a number of technologically superior products--like fast forex, anywhere banking, Internet banking and depository services--through the electronic delivery channels. 2000 - IndusInd Bank signed a memorandum of understanding (MoU) with HSBC for issuing global credit card under the MasterCard franchise to its customers. - IndusInd Bank Limited has launched its exclusive international remittance system-FAST (Fully Automated Straight Through) Forex. - IndusInd Bank has appointed Tata Consultancy Services for implementation of the asset-liability management (ALM) plan of the bank. - The Bank has tied up with the cellular company, Orange, for short messaging service facilities for mobile banking in Mumbai. - The Bank has signed an agreement with Financial Software and Systems for acquisition of the BASE24-ATM switch. - The Bank has opened its 28th Branch in Surat, Gujarat. - The Bank has launched its global credit card, to be issued in association with the HongKong and Shanghai Banking Corporation Ltd. under the Mastercard franchise. - IndusInd Bank has launched an e-broking platform, eTrading, at its Mumbai main branch to facilitate online trading of equity shares. - Kothari Pioneer Mutual Fund and IndusInd Bank have joined hands to enter into an alliance. 2001 - The Bank has entered into a strategic alliance with Sri Lanka-based National Mercantile Bank. 2002 - IndusInd Bank Ltd has informed that the Board of Directors have appointed Mr S Venkitramanan as Additional Director and Non-executive Chairman subject to approval of Reserve Bank of India. 2003 -IndusInd Bank gets RBI permission to set up offices abroad. -Bank secures ISO 9001:2000 certification for all its branches in the 10th year of its operations. -IndusInd hires KPMG Consulting for assisting the bank to develop an enterprise wide risk management framework to cover risks across all function streams. -Shareholders approved delisting of shares from Pune Stock Exchange -IndusInd, Corp Bank sign agreement for sharing of ATMs -IndusInd Bank Board approves scheme of merger of Ashok Leyland Finance. 2004 -IndusInd Bank Ltd has informed that the Bank has received approval for delisting of its shares from Pune Stock Exchange (PSE) with effect from January 16, 2004. -IndusInd Bank on April 30 launched Indus AIM (anywhere instant money) for inter-bank real time gross settlement (RTGS) transactions. -IndusInd Bank Ltd has accepted the resignation of Mr. Gopal Lohiya, Company Secretary of the Bank with effect from July 5, 2004 -Nagarajan selected as IndusInd Joint MD -IndusInd Bank has offered personal loans for the salary account holders at Global Trust Bank (GTB) -IndusInd Bank inks pact with DDA 2005 -IndusInd Bank opens its 11th branch in Gujarat at Bhavnagar -Morvi Royal Family launches Indusind International Mahila Card in Gujarat -IndusInd Bank sets up new branch at Malappuram -Indusind Bank opens Branch at Trichy -Indusind Bank opens branch at Allahabad -Indusind Bank introduces new services for retail customers 2006 -Indusind Bank Ltd has announced that Doha Bank, Qatar and the Bank, India announced their strategic alliance in Doha -IndusInd joins hand with 2 Gulf banks - Indusind Bank Ltd has informed that the Board of Directors of the Bank at its meeting held on October 31, 2006 has appointed Mr Ajay Hinduja and Mr Premchand Godha as Additional Directors of the Bank, subject to the approval of Reserve Bank of India. 2007 -On January 16, 2007 Aviva Life Insurance and Indusind Bank Ltd has announced their tie-up as Bancassurance partners. - Indusind Bank Ltd has appointed Mr. R Seshasayee has been appointed, with the approval of Reserve Bank of India, Part-time Non-Executive Chairman of the Bank for a period of two years. -Indusind Bank Ltd has appointed Mr. R Seshasayee as the Non-Executive Chairman for a period of two years. -Indusind Bank opens its 19th branch in Tamil Nadu at Sivakasi. -Cholamandalam MS enters into a strategic partnership with IndusInd Bank 2008 - Indusind Bank Ltd has tied up with TVS Motors -IndusInd Bank signs Rs 150-cr deal with SKS Micro -IndusInd Bank signs co-partner agreement with World Gold Council 2009 -lndusind Bank launches "new look branch model" at Bandra -IndusInd Bank signs MoU with ICRA -IndusInd Bank inaugurates its first Solar-powered ATM in Mumbai -Indusind Bank Ties Up With Maruti Suzuki India Ltd 2010 -IndusInd Bank ties-up with Tata Motors for dealer financing -Indus Bank ties up with Toyota Kirloskar Motor -IndusInd Bank ties-up with Ashok Leyland for Channel Financing -Indusind Bank ties up with Unistream Bank for Remittances 2011 -Mahindra's Automotive Sector ties up with Indusind Bank for vehicle finance. -IndusInd Bank bags the IBA award for 'Best use of technology in E-learning - 2010 -IndusInd Bank awarded the `Most Improved Bank Performance of the Year'. -IndusInd Bank enters into an agreement with Deutsche Bank to acquire its credit card business in India. -Indusind Bank partners with Finacle from Infosys for its core banking transformation. -Indusind Bank signs an MoU with HDFC Ltd for home loans 2012 -Indusind Bank opens it's first Currency Chest in Mumbai. -Suzuki Motorcycle partners with IndusInd Bank to offer retail customer finance -IndusInd Bank introduces new foreign currency pre-paid travel card 2013 -IndusInd Bank launches Indus Forex Card -Suzuki Two-Wheelers and IndusInd Bank tie up for Retail Finance -IndusInd Bank opens its branch in Alwar -IndusInd Bank enhances its core banking system to Finacle 10.2 version -Banking Frontier - Finnoviti Awards 2013 for My Account My Number -Best Bank Award Customer Management and Business Intelligence Initiatives among Small Banks 2012-13 by IDRBT. 2014 -IndusInd Bank and American Express announce strategic partnership with the launch of the new IndusInd Bank Iconia American Expressr Card -IndusInd Bank opens two new branches at Vadodara -IndusInd Bank opens three new branches in Vadodara -IndusInd Bank opens new branch in Lucknow -IndusInd Bank opens new branch in Lucknow -IndusInd Bank opens new branch at Aliganj in Lucknow -IndusInd Bank inaugurates India's first Digital Branch at Rapid Metro station, Gurgaon -IndusInd Bank and Jet Airways announce strategic partnership with the launch of the new Jet Airways IndusInd Bank Credit Cards -IndusInd Bank launches VIDEO BRANCH -CISO Awarded one of the Top 100 Chief Information Security Officer awards 2014 -Project 'IndusInd Bank Partnership Program' declared as Winner for Financial Inclusion and Payment Systems (FIPS) Awards 2014. -Awarded Best Mid-size Bank and Fastest Growing Mid-size Bank Business World - PwC Best Bank Survey 2014. 2015 - Indusind Bank has inked an agreement with Worldpay to offer domestic acquiring services in India -IndusInd Bank inaugurates a new branch at Dwarakanagar in Vizag -Indusind Bank has entered into an agreement to acquire Diamond & Jewellery financing business and related deposit portfolio of Royal Bank of Scotland N.V. in India -The Bank has inaugurated a new branch in Chandigarh -Induslnd Bank launched the Chelsea FC Co-Brand Credit Card -IndusInd Bank opens a new branch in Indore -Indusind Bank opens a new branch in Ujjain -IndusInd Bank has inaugurated a new branch located at Chennai, Chandigarh and Jamshedpur -Induslnd Bank launches "Onthego" Social banking. -Indusind Bank completes acquisition of Royal Bank of Scotland's Diamond & Jewellery Financing business in India -IndusInd has launched customer responsive service called QuickPay, which allows its customers to send money instantly to their personal contacts and/or business parties through SMS, E-mail and social media platforms 2016 -IndusInd Bank partners with PayU India to revolutionize Digital Banking & Payments -IndusInd Bank bags 3 awards from IBA -IndusInd Bank signs MoU with Indian army -IndusInd Bank launches "IndusInd For Sports"- a non-banking sports vertical -IndusInd Bank inaugurates a new branch at Ranchi, Jharkhand -IndusInd Bank opens new branch in Kolkata -IndusInd Bank opens IFSC Banking Unit at GIFT City -Indusind Bank sings 3 year strategic agreement with IBM -IndusInd Bank inaugurates new branch in Pathankot -IndusInd Bank Paytm partners with Indusind Bank to offer financing options for booking of two-wheelers 2017 - IndusInd Bank strengthens footprint in Sikar, Rajasthan - IndusInd Bank launches IndusForex.com - IndusInd Bank wins Celent Model Bank 2017 Global Award - IndusInd Bank inaugurates 3rd branch in Jamshedpur - IndusInd Bank inaugurates new branch in Jaipur - IndusInd Bank partners IGL for cashless payment solutions 2018 -Paytm Payments Bank has partnered Induslnd Bank to introduce a facility to create a fixed deposit. -IndusInd Bank launches program to support girl athletes. -Overseas Private Investment Corporation enters into loan guarantee agreement with IndusInd Bank. -The Bank won the Best Mid-Sized Bank award at BW Business World Magna Awards 2017. 2019 -IndusInd Bank launches co-branded credit card with PAYBACK. -IndusInd Bank partners with Government of Maharashtra and NPCI for `Mumbai Fintech Accelerator Programme'. 2020 -IndusInd Bank introduces `PIONEER' Banking its Wealth Management platform. -IndusInd Bank successfully completes integration with CRMNEXT across all its customer touch points. -IndusInd Bank launches Pioneer Heritage in partnership with MasterCard. 2021 -IndusInd Bank partners with Vistara to launch a co-branded credit card. -lndusInd Bank launches 'Indus Merchant Solutions' app. -IndusInd Bank becomes first Indian bank to offer cross-border remittances via UPI. -IndusInd Bank launched Green Fixed Deposits where the deposit proceeds will be used to finance projects and firms supporting the United Nations Sustainable Development Goals. -Award as 2020 APAC Innovation Awards - RED HAT. 2022 -IndusInd Bank today announced that it has partnered with the Department of Panchayati Raj, Government of Uttarakhand to offer its banking services in more than 600 Nyaya Panchayats. -IndusInd Bank bags 'Governance Now' Award for 'SME Connect' category. -IndusInd Bank announced a strategic partnership with Asian Development Bank (ADB) to support and promoter Supply Chain Finance (SCF) solutions in India -Induslnd Bank partners with M2P to offer digital first and digital only products. 2023 -IndusInd Bank launches eSvarna , India s first Corporate Credit Card on RuPay network. -IndusInd Bank launches industry-first community banking program for Diamond Cohorts with Indus Solitaire Program . -IndusInd Bank announces strategic collaboration with Viamericas for its newly re-launched Indus Fast Remit (IFR) platform. -IndusInd Bank launches 'Virtual Commercial Credit Card' 2024 -IndusInd Bank and EazyDiner collaboratively launch the EazyDiner IndusInd Bank Platinum Credit Card. -IndusInd Bank Launches `Samman RuPay Credit Card' for Government Employees. -IndusInd Bank inks MoU with UP Government to foster Livestock Welfare. -IndusInd Bank launches India's first All in 1 Payment Wearables. -IndusInd Bank and UNICEF collaborate to strengthen Climate Risk Management and Community Resilience.

1994 - The bank was incorporated on January and obtained Certificate of Commencement of Business in February 1994. The bank was promoted by IndusInd Enterprises and Finance Ltd. (IEFL) and five Mauritius based companies viz. IndusInd International Holdings Ltd. (IIHL) IndusInd (Mauritius) Holdings Ltd. (IMHL) IndusInd Ltd. (IL) IndusInd Investments Ltd. (IIL) DeFive Mauritius Holdings Ltd. (DFMHL). The bank commenced commercial operation in April. It undertook all kinds of banking business. - The bank proposed to set up an investment bank as a subidiary of the bank for concentrating on various faces of investment banking viz. issue management, corporate advisory service, infrastructure financing, mergers and acquisitions, trading and depository services etc. It was also proposed to introd uce the concept of "investment boutique" at selected branches viz. Ahmedabad, Chennai, Mumbai etc. - All operating outlets have direct access to Nostro Accounts through sophisticated computerised system "SWIFT". 1995 - 1200,00,000 No. of Equity shares issued. - The Company joined hands with Kredietbank NV, (KB) - Brussels, Belgium and a Memorandum of Understanding for strategic alliance has been signed with them in order to enhance capability to global standards. - The Bank has made a preferential offer of 2 crores equity shares of Rs. 10 each for cash at a premium of Rs. 40 per share aggregating Rs. 100 crores on private placement basis to the shareholders of the Bank, (other than promoters), shareholders of the promoter companies, and the employees of the Bank and of the promoter companies. 1996 - The Bank has a state-of-the-art dealing room at Nariman Point, Mumbai, catering to several additional positions of dealers and corporate analysts aimed at further enhancing the profitability of its investments. - The bank caters to the needs of NRI customers from 40 countries with deposits totalling Rs 905 crores. - 9 branches were added to the network and the number of branches doubled to 18. 1997 - The company issued 400,00,000 No. of equity shares of Rs 10 each for cash at a premium of Rs 35 per share to the public. - The Company has successfully launched the 'anywhere banking' concept and bank's customers can look at it as 'one Bank'. - IndusInd Bank has launched Fast Forex to wipe out delays in sending and receiving funds to and from foreign centres. Fast Forex is an international remittance product utilising the 24-hour processing and communication capabilities of SBC Warburg, the bank's USD clearing agent, through their electronic banking system Keylink. - The bank's shares were admitted for dematerialisation under a tripartite agreement signed by the bank, its registrars, Spectrum Corporate Services, and NSDL. 1998 - IndusInd Bank Ltd has launched its Banking on the Net service on March 24. This facility will serve as an alternate delivery channel that IndusInd Bank offers its customers in addition of branch banking, on-line ATM's and tele-banking. The customer can access Internet access Internet banking facilities not only through the Net but also through dial-up access on a common browser platform. - IndusInd Bank, has launched its new product, Fast Forex, which can remit funds to any part of the world at the fastest possible speed. - Bank has introduced net bank a product offering on the internet and the site can be visited on www.indusind.com by any customer who can register for this service. 1999 - The Bank has entered into an agreement with National Securities Clearing Corporation Ltd. of National Stock Exchange (NSE) whereby the Bank will act as official banker to NSE. - The private sector bank has also introduced a number of technologically superior products--like fast forex, anywhere banking, Internet banking and depository services--through the electronic delivery channels. 2000 - IndusInd Bank signed a memorandum of understanding (MoU) with HSBC for issuing global credit card under the MasterCard franchise to its customers. - IndusInd Bank Limited has launched its exclusive international remittance system-FAST (Fully Automated Straight Through) Forex. - IndusInd Bank has appointed Tata Consultancy Services for implementation of the asset-liability management (ALM) plan of the bank. - The Bank has tied up with the cellular company, Orange, for short messaging service facilities for mobile banking in Mumbai. - The Bank has signed an agreement with Financial Software and Systems for acquisition of the BASE24-ATM switch. - The Bank has opened its 28th Branch in Surat, Gujarat. - The Bank has launched its global credit card, to be issued in association with the HongKong and Shanghai Banking Corporation Ltd. under the Mastercard franchise. - IndusInd Bank has launched an e-broking platform, eTrading, at its Mumbai main branch to facilitate online trading of equity shares. - Kothari Pioneer Mutual Fund and IndusInd Bank have joined hands to enter into an alliance. 2001 - The Bank has entered into a strategic alliance with Sri Lanka-based National Mercantile Bank. 2002 - IndusInd Bank Ltd has informed that the Board of Directors have appointed Mr S Venkitramanan as Additional Director and Non-executive Chairman subject to approval of Reserve Bank of India. 2003 -IndusInd Bank gets RBI permission to set up offices abroad. -Bank secures ISO 9001:2000 certification for all its branches in the 10th year of its operations. -IndusInd hires KPMG Consulting for assisting the bank to develop an enterprise wide risk management framework to cover risks across all function streams. -Shareholders approved delisting of shares from Pune Stock Exchange -IndusInd, Corp Bank sign agreement for sharing of ATMs -IndusInd Bank Board approves scheme of merger of Ashok Leyland Finance. 2004 -IndusInd Bank Ltd has informed that the Bank has received approval for delisting of its shares from Pune Stock Exchange (PSE) with effect from January 16, 2004. -IndusInd Bank on April 30 launched Indus AIM (anywhere instant money) for inter-bank real time gross settlement (RTGS) transactions. -IndusInd Bank Ltd has accepted the resignation of Mr. Gopal Lohiya, Company Secretary of the Bank with effect from July 5, 2004 -Nagarajan selected as IndusInd Joint MD -IndusInd Bank has offered personal loans for the salary account holders at Global Trust Bank (GTB) -IndusInd Bank inks pact with DDA 2005 -IndusInd Bank opens its 11th branch in Gujarat at Bhavnagar -Morvi Royal Family launches Indusind International Mahila Card in Gujarat -IndusInd Bank sets up new branch at Malappuram -Indusind Bank opens Branch at Trichy -Indusind Bank opens branch at Allahabad -Indusind Bank introduces new services for retail customers 2006 -Indusind Bank Ltd has announced that Doha Bank, Qatar and the Bank, India announced their strategic alliance in Doha -IndusInd joins hand with 2 Gulf banks - Indusind Bank Ltd has informed that the Board of Directors of the Bank at its meeting held on October 31, 2006 has appointed Mr Ajay Hinduja and Mr Premchand Godha as Additional Directors of the Bank, subject to the approval of Reserve Bank of India. 2007 -On January 16, 2007 Aviva Life Insurance and Indusind Bank Ltd has announced their tie-up as Bancassurance partners. - Indusind Bank Ltd has appointed Mr. R Seshasayee has been appointed, with the approval of Reserve Bank of India, Part-time Non-Executive Chairman of the Bank for a period of two years. -Indusind Bank Ltd has appointed Mr. R Seshasayee as the Non-Executive Chairman for a period of two years. -Indusind Bank opens its 19th branch in Tamil Nadu at Sivakasi. -Cholamandalam MS enters into a strategic partnership with IndusInd Bank 2008 - Indusind Bank Ltd has tied up with TVS Motors -IndusInd Bank signs Rs 150-cr deal with SKS Micro -IndusInd Bank signs co-partner agreement with World Gold Council 2009 -lndusind Bank launches "new look branch model" at Bandra -IndusInd Bank signs MoU with ICRA -IndusInd Bank inaugurates its first Solar-powered ATM in Mumbai -Indusind Bank Ties Up With Maruti Suzuki India Ltd 2010 -IndusInd Bank ties-up with Tata Motors for dealer financing -Indus Bank ties up with Toyota Kirloskar Motor -IndusInd Bank ties-up with Ashok Leyland for Channel Financing -Indusind Bank ties up with Unistream Bank for Remittances 2011 -Mahindra's Automotive Sector ties up with Indusind Bank for vehicle finance. -IndusInd Bank bags the IBA award for 'Best use of technology in E-learning - 2010 -IndusInd Bank awarded the `Most Improved Bank Performance of the Year'. -IndusInd Bank enters into an agreement with Deutsche Bank to acquire its credit card business in India. -Indusind Bank partners with Finacle from Infosys for its core banking transformation. -Indusind Bank signs an MoU with HDFC Ltd for home loans 2012 -Indusind Bank opens it's first Currency Chest in Mumbai. -Suzuki Motorcycle partners with IndusInd Bank to offer retail customer finance -IndusInd Bank introduces new foreign currency pre-paid travel card 2013 -IndusInd Bank launches Indus Forex Card -Suzuki Two-Wheelers and IndusInd Bank tie up for Retail Finance -IndusInd Bank opens its branch in Alwar -IndusInd Bank enhances its core banking system to Finacle 10.2 version -Banking Frontier - Finnoviti Awards 2013 for My Account My Number -Best Bank Award Customer Management and Business Intelligence Initiatives among Small Banks 2012-13 by IDRBT. 2014 -IndusInd Bank and American Express announce strategic partnership with the launch of the new IndusInd Bank Iconia American Expressr Card -IndusInd Bank opens two new branches at Vadodara -IndusInd Bank opens three new branches in Vadodara -IndusInd Bank opens new branch in Lucknow -IndusInd Bank opens new branch in Lucknow -IndusInd Bank opens new branch at Aliganj in Lucknow -IndusInd Bank inaugurates India's first Digital Branch at Rapid Metro station, Gurgaon -IndusInd Bank and Jet Airways announce strategic partnership with the launch of the new Jet Airways IndusInd Bank Credit Cards -IndusInd Bank launches VIDEO BRANCH -CISO Awarded one of the Top 100 Chief Information Security Officer awards 2014 -Project 'IndusInd Bank Partnership Program' declared as Winner for Financial Inclusion and Payment Systems (FIPS) Awards 2014. -Awarded Best Mid-size Bank and Fastest Growing Mid-size Bank Business World - PwC Best Bank Survey 2014. 2015 - Indusind Bank has inked an agreement with Worldpay to offer domestic acquiring services in India -IndusInd Bank inaugurates a new branch at Dwarakanagar in Vizag -Indusind Bank has entered into an agreement to acquire Diamond & Jewellery financing business and related deposit portfolio of Royal Bank of Scotland N.V. in India -The Bank has inaugurated a new branch in Chandigarh -Induslnd Bank launched the Chelsea FC Co-Brand Credit Card -IndusInd Bank opens a new branch in Indore -Indusind Bank opens a new branch in Ujjain -IndusInd Bank has inaugurated a new branch located at Chennai, Chandigarh and Jamshedpur -Induslnd Bank launches "Onthego" Social banking. -Indusind Bank completes acquisition of Royal Bank of Scotland's Diamond & Jewellery Financing business in India -IndusInd has launched customer responsive service called QuickPay, which allows its customers to send money instantly to their personal contacts and/or business parties through SMS, E-mail and social media platforms 2016 -IndusInd Bank partners with PayU India to revolutionize Digital Banking & Payments -IndusInd Bank bags 3 awards from IBA -IndusInd Bank signs MoU with Indian army -IndusInd Bank launches "IndusInd For Sports"- a non-banking sports vertical -IndusInd Bank inaugurates a new branch at Ranchi, Jharkhand -IndusInd Bank opens new branch in Kolkata -IndusInd Bank opens IFSC Banking Unit at GIFT City -Indusind Bank sings 3 year strategic agreement with IBM -IndusInd Bank inaugurates new branch in Pathankot -IndusInd Bank Paytm partners with Indusind Bank to offer financing options for booking of two-wheelers 2017 - IndusInd Bank strengthens footprint in Sikar, Rajasthan - IndusInd Bank launches IndusForex.com - IndusInd Bank wins Celent Model Bank 2017 Global Award - IndusInd Bank inaugurates 3rd branch in Jamshedpur - IndusInd Bank inaugurates new branch in Jaipur - IndusInd Bank partners IGL for cashless payment solutions 2018 -Paytm Payments Bank has partnered Induslnd Bank to introduce a facility to create a fixed deposit. -IndusInd Bank launches program to support girl athletes. -Overseas Private Investment Corporation enters into loan guarantee agreement with IndusInd Bank. -The Bank won the Best Mid-Sized Bank award at BW Business World Magna Awards 2017. 2019 -IndusInd Bank launches co-branded credit card with PAYBACK. -IndusInd Bank partners with Government of Maharashtra and NPCI for `Mumbai Fintech Accelerator Programme'. 2020 -IndusInd Bank introduces `PIONEER' Banking its Wealth Management platform. -IndusInd Bank successfully completes integration with CRMNEXT across all its customer touch points. -IndusInd Bank launches Pioneer Heritage in partnership with MasterCard. 2021 -IndusInd Bank partners with Vistara to launch a co-branded credit card. -lndusInd Bank launches 'Indus Merchant Solutions' app. -IndusInd Bank becomes first Indian bank to offer cross-border remittances via UPI. -IndusInd Bank launched Green Fixed Deposits where the deposit proceeds will be used to finance projects and firms supporting the United Nations Sustainable Development Goals. -Award as 2020 APAC Innovation Awards - RED HAT. 2022 -IndusInd Bank today announced that it has partnered with the Department of Panchayati Raj, Government of Uttarakhand to offer its banking services in more than 600 Nyaya Panchayats. -IndusInd Bank bags 'Governance Now' Award for 'SME Connect' category. -IndusInd Bank announced a strategic partnership with Asian Development Bank (ADB) to support and promoter Supply Chain Finance (SCF) solutions in India -Induslnd Bank partners with M2P to offer digital first and digital only products. 2023 -IndusInd Bank launches eSvarna , India s first Corporate Credit Card on RuPay network. -IndusInd Bank launches industry-first community banking program for Diamond Cohorts with Indus Solitaire Program . -IndusInd Bank announces strategic collaboration with Viamericas for its newly re-launched Indus Fast Remit (IFR) platform. -IndusInd Bank launches 'Virtual Commercial Credit Card' 2024 -IndusInd Bank and EazyDiner collaboratively launch the EazyDiner IndusInd Bank Platinum Credit Card. -IndusInd Bank Launches `Samman RuPay Credit Card' for Government Employees. -IndusInd Bank inks MoU with UP Government to foster Livestock Welfare. -IndusInd Bank launches India's first All in 1 Payment Wearables. -IndusInd Bank and UNICEF collaborate to strengthen Climate Risk Management and Community Resilience.

Read More

Parent Organisation

IndusInd Bank Ltd.

Founded

31/01/1994

Managing Director

Mr.Sumant Kathpalia

NSE Symbol

INDUSINDBKEQ

FAQ

The current price of IndusInd Bank Ltd is ₹ 818.25.

The 52-week high for IndusInd Bank Ltd is ₹ 823.85 and the 52-week low is ₹ 817.40.

The market capitalization of IndusInd Bank Ltd is currently ₹ 63746.13. This value can fluctuate based on stock price movements and changes in the number of shares outstanding.

To buy IndusInd Bank Ltd shares, you need to have a brokerage account. First, choose a reputable brokerage firm, open an account, and complete the necessary KYC procedures.

To invest in IndusInd Bank Ltd, you need a brokerage account. After opening an account and completing the KYC process, you can fund your account and use the trading platform to purchase IndusInd Bank Ltd shares.

The CEO of IndusInd Bank Ltd is Mr.Sumant Kathpalia, who has been leading the company with a vision to expand its renewable energy portfolio and drive sustainable growth.

OPEN FREE* DEMAT ACCOUNT