Mon, Oct 07, 2024
Stock of the Day: Today Anil Singhvi gave the opinion of buying in ITC, Federal Bank, Metropolis and selling in IndusInd Bank. What is stoploss and targets? See in this video.
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Fri, Jul 26, 2024
Indusind Bank Q1 Results: Private sector lender Indusind Bank on Friday reported a 2 per cent jump in consolidated net profit at Rs 2,171 crore for the June quarter. The lender, however, witnessed higher stress on the credit cards front during the quarter, its Chief Executive and Managing Director Sumant Kathpalia told reporters.
Sat, Jun 29, 2024
Hinduja group holding company IndusInd International Holdings Ltd (IIHL) has formed a mutual fund joint venture in India with Invesco, a US-based investment management company.
Mon, May 03, 2021
As IndusInd Bank’s Q4 profit surged over 190 per cent, brokerage firms have turned bullish on its stock and put up a Buy recommendation. In its quarter-four earnings, IndusInd Bank’s net profit rose over threefold at Rs 876 crore as compared to Rs 301.8 crore in Q4 FY20.
Mon, Mar 29, 2021
Amid improvement in its funding and capital, Moody's, an international rating agency, has affirmed long-term local and foreign currency deposit ratings of IndusInd Bank at Ba1.
Wed, Feb 17, 2021
IndusInd Bank share price today: IndusInd Bank has a strong asset quality position (with front-loaded provisions) that has led to an improved balance sheet. Healthy capitalisation places it well to capture growth in FY22E and FY23E. A sequential improvement by IndusInd Bank in collection efficiency (CE) (overall vehicles CE is at 96.9%, while for MFIs it is at 94.4%) augurs well.
Tue, Feb 09, 2021
Nomura highlights that the Nifty bank index has outperformed the broader Nifty index, by a staggering 14% since March 2020 lows and 7% since the beginning of CY21. The outperformance, since March 2020 lows, is dominated by Indusind Bank (110% outperformance over the Nifty index), Axis Bank (40%) and ICICI Bank (23%).
Wed, Feb 03, 2021
Large private banks have emerged stronger post crisis, balance sheets are strongest ever, and growth/market share is accelerating. Expect RoAs to near/cross previous peaks, which will drive multiples much above long-term averages. Morgan Stanley now factor this in their price targets and see 30-40% upside.
Mon, Feb 01, 2021
IndusInd Bank (IIB) posted positive performance for Q3 FY21 with above expectation operational performance and asset quality improving on a sequential basis (reported). Moreover, even on a normalised basis (pro forma basis), the asset quality was well contained. Collections efficiency (CE) has been recovering, and management has shared overall vehicles CE was at 96.9% (was 94.3% in Q2 FY21) and MFI collections were at 94.4% (was 91% in Q2 FY21), which is an encouraging trend.
Fri, Jan 08, 2021
Sumeet Bagadia, Executive Director, Research at Choice Broking recommends buying into IndusInd Bank, TVS Motors, Ambuja Cement, Muthoot Finance for trading. These strategies will help traders understand what stop losses they need to keep for their trades and help them make some profits by holding on to the correct stocks.
Wed, Jan 06, 2021
Jefferies remain positive on Financials and believe ICICI Bank (credit quality holding up & valuations reasonable), HDFC Ltd (best play on housing demand surge) and IndusInd Bank (business normalising after 2 years) offer the best risk-reward. Growth will likely be concentrated among stronger banks/NBFCs. Asset quality will be scrutinised vs guidance. Private bank profit may rise by 38% in FY22, from a low base. An uptick in fees and a rise in NII should drive operating profits in FY22. Coupled with a normalisation of credit costs, we expect a 38% YoY rise in FY22 for private banks' profit, albeit from a low base.
Mon, Jan 04, 2021
Management aims to recognize its asset quality pressures by accelerating credit cost in FY21 and start FY22 on a clean note. Antique Broking thinks that IndusInd Banks Covid related credit cost impact could be in the range of 3.5- 4% of loans, of which bank has covered 0.8% in first half of FY21 and are building 1.8% further in second half of FY21, paving way for much normalized credit cost in FY22.
Tue, Dec 22, 2020
Nifty December futures closed at a premium of 1.35 points versus a premium of 13.50 points. The market added Rs 3637 cr in open interest, taking the total open interest in the F&O segment to Rs. 516659 cr. The Nifty call option added 177.83 lakh shares in open interest and the put option shed 82.03 lakh shares in open interest. AMBUJACEM (8%) INDIGO (7%), ACC (7%), PVR (6%) and IDFCFIRSTB (6%) were the top gainers in terms of open interest.
Thu, Dec 17, 2020
With the launch of the ‘Pioneer Heritage Credit Card’, IndusInd Bank has joined the ranks with few other banks globally, that offer a credit card which has been exquisitely crafted with metal.
The Nifty opened on a higher note in line with positive cues from global markets on December 16, 2020. It traded in the range of 30-40 points for the rest of the day, waiting for some triggers. The Nifty Auto, Metal and Realty indices ended in the green. Stocks like HINDALCO, BHARTIARTL, HDFC, DIVISLAB and ONGC were top gainers that rose by 2-3%, while stocks like ICICI BANK, INDUSINDBK, ULTRACEMCO, GAIL and NTPC were top losers that fell by 0.5-1%. The Nifty closed at around 13696 levels with a gain of 0.82%.
Mon, Dec 07, 2020
The stock markets today were trading in green making yet another lifetime high. While the BSE Sensex touched levels around 45,418, the NSE Nifty 50 touched levels around 13,350. These are the new lifetime highs for the markets
Mon, Nov 30, 2020
Deposit growth momentum is accelerating too and the bank which saw a troubled Q4 FY2020, saw healthy growth of 8% qoq in Q2 FY21. While Retail term deposits have grown by over Rs 8000 cr, helped by digital acquisition which is 2x now and physical acquisition is 80% of pre-Covid levels. Sharekhan believes that the improving collections efficiency (CE) is an encouraging trend and the stable CASA share at 40% is positive. Asset-quality performance improved, as GNPA and NNPA ratio declined on a sequential basis to 2.21%/0.52% in Q2 FY2021.
Thu, Nov 26, 2020
IndusInd Bank's loan collection levels have continued to be healthy (95-96%) and management continues to guide for low single-digit restructuring on overall loans. Management believes legacy corporate stressed exposures (pre-covid) have largely been dealt with and provided for, and incremental corporate exposures are of good quality.
Mon, Nov 23, 2020
Market is extremely good for traders as it is giving opportunities to both buy and sell. Entering at the right levels and exiting at the key levels is important to make money on both the sides of the market. Singhvi said that it was informed to the viewers last week that market will remain in the range of 12700 – 13000 and traders should trade in this range, while buying should be done in the range of 12700 – 12750 and selling should be done near 13000 levels.
RBI is the final deciding authority. A corporate house like Larsen & Toubro was not given a banking license by RBI. While Uday Kotak has been allowed to hold a 26% stake in Kotak Mahindra Bank, the promoter Hindujas’ plea for raising its stake in IndusInd Bank (applied in March 2020) has yet to be decided by RBI.
Mon, Nov 02, 2020
Indusind Bank Share Price Outlook: Indusind Bank share price has been trending on Monday and is among the top gainers on BSE and among the stocks with highest daily turnovers.
Thu, Oct 29, 2020
Account Aggregator system eliminates the existing process of physical document submission which is time consuming.
Wed, Oct 07, 2020
Stock Market Opening Bell: The BSE Sensex lost 87 points and hit 39,486 mark while NSE Nifty went off 21 points and touched 11,640 mark. Bank Nifty index shed 208 points and touched 22,645 levels.
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