Company Profile

INDUSIND BANK LTD.

NSE : INDUSINDBKBSE : 532187ISIN CODE : INE095A01012Industry : Bank - PrivateHouse : Hinduja
BSE923.90-11.45 (-1.22 % )
PREV CLOSE (Rs.) 935.35
OPEN PRICE (Rs.) 930.15
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 308043
TODAY'S LOW / HIGH (Rs.)917.35 939.40
52 WK LOW / HIGH (Rs.)330 1119.2
NSE923.65 -11.25 (-1.2 % )
PREV CLOSE(Rs.) 934.90
OPEN PRICE (Rs.) 935.00
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 923.65 (791 )
VOLUME 4980026
TODAY'S LOW / HIGH(Rs.) 917.45 939.70
52 WK LOW / HIGH (Rs.)330 1119.5

Company News

Date Heading Details
09-Apr-2021 IndusInd Bank informs about disclosure <p align="justify">This is in compliance with SEBI circular no. CIR/IMD/DF-1/67/2017 dated June 30, 2017, which requires reporting of Debt Securities by all the Issuers who have done ‘Private Placement of Debt Securities' under the SEBI (Issue and Listing of Debt Securities) Regulations, 2008. In this connection, IndusInd Bank has informed that it has enclosed the Annexure ‘Statement containing details of Debt Securities' issued by its Bank which are outstanding as on March 31, 2021. These Debentures are listed on the National Stock Exchange of India.</p><p align="justify">The above information is a part of company's filings submitted to BSE.</p><p align="justify"><br></p><p><br></p>
07-Apr-2021 Indusind Bank gains as its Q4 net advances rise 3% <p align="justify">IndusInd Bank is currently trading at Rs. 937.50, up by 10.40 points or 1.12% from its previous closing of Rs. 927.10 on the BSE.</p><p align="justify">The scrip opened at Rs. 928.30 and has touched a high and low of Rs. 940.50 and Rs. 921.80 respectively. So far 28574 shares were traded on the counter.</p><p align="justify">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1119.20 on 25-Feb-2021 and a 52 week low of Rs. 330.00 on 22-May-2020.</p><p align="justify">Last one week high and low of the scrip stood at Rs. 997.70 and Rs. 919.00 respectively. The current market cap of the company is Rs. 71699.35 crore.</p><p align="justify">The promoters holding in the company stood at 14.67%, while Institutions and Non-Institutions held 71.13% and 14.21% respectively.</p><p align="justify">IndusInd Bank has reported rise in net advances to Rs 2,13,049 crore as of March 31, 2021 (Q4FY21), a&nbsp; marginal growth of 3% as compared to Rs 2,06,783 crore as of March 31, 2020. The Bank's deposits also increased to Rs 2,56,158 crore in March 31, 2021, with growth of 27% as compared to Rs 2,02,040 crore as of March 31, 2020. The Bank had a current and savings account (CASA) ratio of 41.8% as on March 31, 2021, compared to 40.5% as on December 31, 2020 and 40.4% as on March 31, 2020.</p><p align="justify">IndusInd Bank is as one of the fastest-growing banks in the banking sector in India.<br></p>
07-Apr-2021 Reliance Industries, Adani Ports and IndusInd Bank to see some action today <p align="justify"><strong>Reliance Industries'</strong> (RIL) telecom arm -- Reliance Jio Infocomm (Jio) has entered into a definitive agreement with Bharti Airtel for acquisition of right to use spectrum in the 800MHz band in Andhra Pradesh, Delhi and Mumbai circles through spectrum trading. The trading agreement is in accordance with the Spectrum Trading Guidelines issued by the Department of Telecommunications and is subject to the requisite regulatory and statutory approvals. The aggregate value for the right to use this spectrum is Rs 1,497 crore, inclusive of present value of associated deferred payment liablity of Rs 459 crore, subject to any transaction related adjustments.&nbsp;</p><p align="justify">In March 2021, <strong>Adani Ports and Special Economic Zone</strong> (APSEZ) has handled cargo volume of 26 MMT a growth of 41% on Year on Year basis and 23% on Month on Month basis. APSEZ handled cargo volume of 73 MMT in Q4FY21 registering a growth of 27% on Year on Year basis. The company handled cargo volume of 247 MMT in FY21 registering a growth of 11% on Year on Year basis.</p><p align="justify"><strong>IndusInd Bank</strong> has reported rise in net advances to Rs 2,13,049 crore as of March 31, 2021 (Q4FY21), a&nbsp; marginal growth of 3% as compared to Rs 2,06,783 crore as of March 31, 2020. The Bank's deposits also increased to Rs 2,56,158 crore in March 31, 2021, with growth of 27% as compared to Rs 2,02,040 crore as of March 31, 2020. The Bank had a current and savings account (CASA) ratio of 41.8% as on March 31, 2021, compared to 40.5% as on December 31, 2020 and 40.4% as on March 31, 2020.</p><p align="justify"><strong>Satia Industries</strong> has been awarded an order worth Rs 596.30 million from Rajasthan state textbook board, for supply of 8900 MT paper at a gross realization of Rs 67,000 per ton. The said order will be executed by or before the end of Q1FY22 i.e June 30, 2021. With the surge in per ton realization in paper prices which is at par or has crossed pre-Covid levels of Rs 60,000 per ton registering an increase of 25-30% in the average pricing/realization of different varieties of paper than the average realization of Rs 48,000 plus in FY20-21.</p><p align="justify"><strong>Vaibhav Global's</strong> subsidiary -- Shop TJC, UK has launched a new and exclusive TV channel called TJC Beauty with the simple philosophy – beauty is for everyone. TJC Beauty will provide the customer with trustworthy reviews and expert insights to guide them through the often overwhelming and bewildering beauty market. With expert presenters and guests, the customers will be able to explore trends, find new favorites or pick up classic products that make them feel like the best. TJC Beauty will be streamed on 5USA from 6:00 am to 10:00 am daily. Previously, it was only available online, but now can be watched by customers on satellite as well.</p><p align="justify"><strong>Tata Motors'</strong> wholly owned subsidiary -- Jaguar Land Rover (JLR) has commenced bookings for the updated version of F-PACE SUV. With new exterior, all-new interior, latest generation Pivi Pro infotainment and the choice of in-line four-cylinder petrol and diesel engines, the new F-PACE is more luxurious, connected and efficient.</p><p align="justify"><strong>IDFC First Bank's</strong> Capital Raising Committee has approved the issue and allotment of 52,31,03,660 Equity Shares of face value of Rs 10 each to qualified institutional buyers at an issue price of Rs 57.35 per Equity Share (including a premium of Rs 47.35 per Equity Share), aggregating to Rs 3,000 crore pursuant to the Issue. Pursuant to the allotment of Equity Shares in the Issue, the paid-up Equity Share capital of the Bank stands increased to Rs 6198,95,35,150 consisting of 619,89,53,515 Equity Shares. The Capital Raising Committee at its meeting held on April 06, 2021, has approved the issue and allotment of the same. <br></p>
06-Apr-2021 Indusind Bank's Q4 net advances rise 3% <p align="justify">IndusInd Bank has reported rise in net advances to Rs 2,13,049 crore as of March 31, 2021 (Q4FY21), a&nbsp; marginal growth of 3% as compared to Rs 2,06,783 crore as of March 31, 2020. The Bank's deposits also increased to Rs 2,56,158 crore in March 31, 2021, with growth of 27% as compared to Rs 2,02,040 crore as of March 31, 2020. The Bank had a current and savings account (CASA) ratio of 41.8% as on March 31, 2021, compared to 40.5% as on December 31, 2020 and 40.4% as on March 31, 2020.<p align="justify">IndusInd Bank is as one of the fastest-growing banks in the banking sector in India.</p>
23-Mar-2021 Moody's upwards outlook on IndusInd Bank to stable <P align=justify>Credit rating agency -- Moody's Investors Service has revised upwards its outlook on IndusInd Bank to 'stable' from 'negative' while affirming its rating. The change in the outlook is driven by improvement in its funding and capital, and the marginal hit on asset quality during the pandemic. The bank's long-term local and foreign currency deposit ratings have been affirmed at ‘Ba1', while the baseline credit assessment (BCA) and adjusted BCA have been affirmed at ‘Ba2',<P align=justify>IndusInd Bank is as one of the fastest growing banks in the banking sector in India.
23-Mar-2021 IndusInd Bank shines as Moody's upwards its outlook to stable <p align="justify">IndusInd Bank is currently trading at Rs. 985.15, up by 17.20 points or 1.78% from its previous closing of Rs. 967.95 on the BSE.<p align="justify">The scrip opened at Rs. 978.25 and has touched a high and low of Rs. 994.05 and Rs. 971.40 respectively. So far 214584 shares were traded on the counter.<p align="justify">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1119.20 on 25-Feb-2021 and a 52 week low of Rs. 235.60 on 24-Mar-2020.<p align="justify">Last one week high and low of the scrip stood at Rs. 1038.95 and Rs. 961.20 respectively. The current market cap of the company is Rs. 76370.51 crore.<p align="justify">The promoters holding in the company stood at 14.67%, while Institutions and Non-Institutions held 71.13% and 14.21% respectively.<p align="justify">Credit rating agency -- Moody's Investors Service has revised upwards its outlook on IndusInd Bank to 'stable' from 'negative' while affirming its rating. The change in the outlook is driven by improvement in its funding and capital, and the marginal hit on asset quality during the pandemic. The bank's long-term local and foreign currency deposit ratings have been affirmed at ‘Ba1', while the baseline credit assessment (BCA) and adjusted BCA have been affirmed at ‘Ba2',<p align="justify">IndusInd Bank is as one of the fastest growing banks in the banking sector in India.</p>
26-Feb-2021 IndusInd Bank informs about analysts meet <p align="justify">Pursuant to Regulation 30 of Listing Regulations, IndusInd Bank has informed that it has enclosed the Schedule of Institutional investor(s) / Analysts meeting(s) /call(s) held on February 25, 2021 in Mumbai. A copy of latest Investor Presentation has already been forwarded to the Stock Exchanges and is placed on the website of the Bank. In compliance with the Regulation 46, the information is being hosted on the Bank's website at www.indusind.com.</p><p align="justify">The above information is a part of company's filings submitted to BSE.</p><p><br></p>
19-Feb-2021 IndusInd Bank rises on the BSE <p align="justify">IndusInd Bank is currently trading at Rs. 1056.90, up by 10.45 points or 1.00% from its previous closing of Rs. 1046.45 on the BSE.<p align="justify">The scrip opened at Rs. 1034.00 and has touched a high and low of Rs. 1069.85 and Rs. 1027.15 respectively. So far 556444 shares were traded on the counter.<p align="justify">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1203.65 on 20-Feb-2020 and a 52 week low of Rs. 235.60 on 24-Mar-2020.<p align="justify">Last one week high and low of the scrip stood at Rs. 1096.35 and Rs. 1026.45 respectively. The current market cap of the company is Rs. 81714.77 crore.<p align="justify">The promoters holding in the company stood at 14.67%, while Institutions and Non-Institutions held 71.13% and 14.21% respectively.<p align="justify">IndusInd Bank has raised Rs 2021 crore of common equity capital through conversion of preferential warrants issued to the Promoter entities - IndusInd International Holdings (IIHL) and IndusInd (IL). The warrants were issued as an integral part of the merger with Bharat Financial Inclusion in July 2019. The Promoter entities had paid Rs 673 crore at the time of subscription to the warrants and the balance amount of Rs 2021 crore was paid on February 18, 2021.<p align="justify">The finance committee of the Bank has approved allotment of 1,57,70,985 shares to the Promoter entities. The warrants are converted at a price of Rs 1,709 per share reflecting a premium of 65% over the closing price on February 17, 2021.<p align="justify">IndusInd Bank is as one of the fastest growing banks in the banking sector in India.</p>
18-Feb-2021 IndusInd Bank raises Rs 2021 crore common equity via conversion of warrants issued to Promoters <P>IndusInd Bank has raised Rs 2021 crore of common equity capital through conversion of preferential warrants issued to the Promoter entities - IndusInd International Holdings (IIHL) and IndusInd (IL). The warrants were issued as an integral part of the merger with Bharat Financial Inclusion in July 2019. The Promoter entities had paid Rs 673 crore at the time of subscription to the warrants and the balance amount of Rs 2021 crore was paid on February 18, 2021.<P>The finance committee of the Bank has approved allotment of 1,57,70,985 shares to the Promoter entities. The warrants are converted at a price of Rs 1,709 per share reflecting a premium of 65% over the closing price on February 17, 2021.<P>IndusInd Bank is as one of the fastest growing banks in the banking sector in India.<BR>
18-Feb-2021 Indusind Bank informs about press release <div align="justify"><span>Indusind Bank has informed that it has enclosed press release titled, ‘IndusInd Bank raises Rs. 2,021 crores common equity via conversion of warrants issued to the Promoters'.</span></div><font face="sans-serif"><span><div align="justify"><br></div></span></font><div align="justify"><font face="sans-serif"><span>The above information is a part of company's filings submitted to BSE.</span></font></div><div align="justify"><br></div>