Shares of IndusInd Bank Ltd., the Mumbai-based private lender, will be in focus on Monday, April 7, after the bank reported a mixed performance in its Q4 FY25 business update. IndusInd Bank’s net advances rose 1.4% year-on-year (YoY) but declined 5.2% quarter-on-quarter (QoQ) to ₹3.47 lakh crore. Total deposits grew 6.8% YoY and 0.4% QoQ […]
Stocks to Watch on April 7: ITC, Godrej Properties, Bajaj Housing Finance, IndusInd Bank and more – CNBC TV18
1 / 9 Yes Bank | Private sector lender is facing two senior-level exits across in private and SME banking verticals, prompting a portfolio reshuffle, two people directly aware of the matter told CNBC-TV18 on the condition of anonymity. Dhavan Shah, Country Head of SME Banking, and Akshay Sapru, Country Head of Private Banking & […]
IndusInd Bank gets another ‘sell’ recommendation from UBS on multiple headwinds, de-rating risks – CNBC TV18
Shares of Mumbai-based private lender IndusInd Bank Ltd. will be in focus on Friday, April 4, after global brokerage firm UBS maintained a ‘Sell’ rating on the bank stock. The brokerage has also cut its price target on the stock by 22% to ₹600 from ₹770 earlier. The revised price target implies a potential downside […]
IndusInd Bank receives ₹30.15 crore GST penalty, plans to appeal – CNBC TV18
Private sector lender IndusInd Bank Ltd on Monday (March 24) said it has been imposed a ₹30.15 crore penalty by the Joint Commissioner of CGST & Central Excise, Thane Commissionerate for various GST-related issues under Section 122(1)(ii) of the CGST Act, 2017. “…we hereby inform that a penalty of ₹30,15,18,000/- has been imposed on the […]
Stocks to Watch on March 18: Bajaj Finserv, Aditya Birla Real Estate, Swiggy, NBCC and more – CNBC TV18
1 / 15 Bajaj Finserv | The company said it has approved the acquisition of Allianz SE’s entire 26% stake in their joint insurance ventures—Bajaj Allianz General Insurance Company Ltd (BAGIC) and Bajaj Allianz Life Insurance Company Ltd (BALIC). The agreed consideration for a 26% stake in BAGIC and BALIC is ₹13,780 crore and ₹10,400 […]
Moody’s affirms IndusInd Bank’s ratings, places BCA under review for downgrade – CNBC TV18
Rating agency Moody’s Ratings on Monday (March 17) said it has affirmed IndusInd Bank’s Ba1 long-term foreign and local currency deposit and issuer ratings with a stable outlook while placing its ba1 Baseline Credit Assessment (BCA) and adjusted BCA under review for a potential downgrade. “We have also affirmed IndusInd’s (P)Ba1 senior unsecured medium-term note […]
Stocks to Watch on March 17: IndusInd Bank, Infosys, Wipro, Brigade Enterprises and more – CNBC TV18
1 / 17 IndusInd Bank | The Reserve Bank of India (RBI) issued a statement addressing speculation regarding IndusInd Bank Ltd, stating that the bank remains well-capitalised and financially stable. According to the RBI, IndusInd Bank reported a Capital Adequacy Ratio of 16.46% and a Provision Coverage Ratio of 70.20% for the quarter that ended […]
RBI says IndusInd Bank well-capitalised, directs remedial action in Q4FY25 – CNBC TV18
The Reserve Bank of India (RBI) on Saturday (March 15) issued a statement addressing speculation regarding IndusInd Bank Ltd, stating that the bank remains well-capitalised and financially stable. The clarification follows concerns arising from recent developments related to the bank. According to the RBI, IndusInd Bank reported a Capital Adequacy Ratio of 16.46% and a […]
NSE places IndusInd Bank under ASM Stage 1 for heightened scrutiny – CNBC TV18
The National Stock Exchange (NSE) on Thursday (March 13) has placed private lender IndusInd Bank Ltd under the Additional Surveillance Measure (ASM) Stage 1 framework. This comes after IndusInd Bank on Monday disclosed that the bank has noted some discrepancies in its derivatives portfolio which could have an adverse impact of about 2.35% of the […]
IndusInd Bank to Bajaj Finance: 10 stocks which Mutual Funds sold in February – CNBC TV18
1 / 11 Mutual funds sold shares across large, mid, and small-cap stocks in February, according to a recent report by Nuvama Alternative and Quantitative Research. Stocks like IndusInd Bank, InterGlobe Aviation, Bajaj Finance, and ITC Hotels were among the top 10 stocks offloaded by fund houses last month. Here’s a look at some of […]