Company Profile

Indusind Bank has informed that the Bank as on July 12, 2019, pursuant to the Composite Scheme of Arrangement amongst Bharat Financial Inclusion (BFIL), the Bank and IndusInd Financial Inclusion Limited (IFIL), a wholly-owned subsidiary of the Bank and their respective Shareholders and Creditors (the Scheme) sanctioned by Honble National Company Law Tribunal, Mumbai Bench (NCLT), approved issuance of 1) 30,01,266 Stock Options of the Bank to the employees of BFIL and 2) 22,86,540 IBL Special Incentive Stock Options.

The above information is a part of company’s filings submitted to BSE.

Indusind Bank has informed that S.R. Batliboi & Co. LLP, Chartered Accountants, (ICAI Firm Registration number: 301003E / E300005), have tendered their resignation as Statutory Auditors of the Bank with effect from July 10, 2019. Reason for resignation: The Reserve Bank of India vide their Press Release dated June 3, 2019, in terms of their Enforcement Action Framework had decided not to approve S. R. Batliboi & Co. LLP, Chartered Accountants, for carrying out Statutory Audit assignments in commercial banks starting from April 1, 2019. A copy of this intimation is also available on the Banks website at www.indusind.com.

The above information is a part of company’s filings submitted to BSE.

IndusInd Bank is currently trading at Rs. 1490.00, down by 20.35 points or 1.35% from its previous closing of Rs. 1510.35 on the BSE.

The scrip opened at Rs. 1526.25 and has touched a high and low of Rs. 1530.90 and Rs. 1477.30 respectively. So far 136216 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2037.90 on 03-Aug-2018 and a 52 week low of Rs. 1333.90 on 31-Oct-2018.

Last one week high and low of the scrip stood at Rs. 1562.00 and Rs. 1456.40 respectively. The current market cap of the company is Rs. 104429.61 crore.

The promoters holding in the company stood at 16.80%, while Institutions and Non-Institutions held 63.28% and 19.92% respectively.

IndusInd Bank has reported 38.31% rise in its net profit at Rs 1,432.50 crore for the quarter ended June 30, 2019 as compared to Rs 1,035.72 crore for the same quarter in the previous year. Total income of the Bank increased by 35.40% at Rs 8,624.62 crore for Q1FY20 as compared Rs 6,369.75 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the April-June quarter of the current fiscal increased to 2.15%, as compared to 1.15% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 1.23% in Q1FY20.

Indusind Bank has informed about annual general meeting.

The above information is a part of company’s filings submitted to BSE.

IndusInd Bank has reported results for first quarter ended June 30, 2019.

The Bank has reported 38.31% rise in its net profit at Rs 1,432.50 crore for the quarter under review as compared to Rs 1,035.72 crore for the same quarter in the previous year. Total income of the Bank increased by 35.40% at Rs 8,624.62 crore for Q1FY20 as compared Rs 6,369.75 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the April-June quarter of the current fiscal increased to 2.15%, as compared to 1.15% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 1.23% in Q1FY20.