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Bigul

Allotment Of14,423 Shares Under The Company'S Employee Stock Option Scheme

 This is to inform that the company has allotted 14,423 (Fourteen Thousand Four Hundred Twenty Three) equity shares of Rs. 10/- (Rupees Ten Only) each on April 20, 2017 to those grantees who had exercised their option under the Company's Employee Stock Option Scheme. The said shares will rank pari-passu with the existing shares of the Company in all respect. Please take the above on record and upload this announcement on the website of the Exchange.
20-04-2017

Numbers headed in the right direction: IndusInd Bank

 IndusInd Bank’s fourth quarter results revealed good business growth for the bank - loans grew 28%, fee growth jumped 29%. The company's net interest margin (NIM) was also pretty strong at 4%. It was the slippages that have hit IndusInd Bank, slippages that HDFC Securities called "unpleasantly high", with the quantum at a rather staggering Rs 6.3 billion, up 2.9% annually. The number has jumped to this level due to RBI's stricter asset quality rules and additional provisioning. Gross NPAs were still contained at 8.6% thanks to the sales of bad assets IIB made to ARC. The bank noted that a Rs. 122 crore provision was due to a single cement account exposure - Jaiprakash Assiciates. While IndusInd viewed the exposure to Jaypee as a performing "bridge loan" for its M&A; transaction, the RBI thinks otherwise, and asked Jaypee's lenders to make 25% provisions against their exposure to the debt-laden firm. Since mid-2013, Jaiprakash Associates has sold an estimated Rs 33,380 crore worth of its assets - cement and power plants - and has failed to earn enough revenue to meet its interest payments for the last eleven quarters. With Jaiprakash close to an acquisition deal by Ultratech Cement, banks are hoping for repayments as soon as the deal is done. Analysts have stayed bullish on IndusInd, with share price above all SMAs and HDFC Securities maintaining a buy on the stock.
20-04-2017
Bigul

Press Release

 IndusInd Bank has won the Celent Model Bank 2017 Global Award for Fraud Management and Cybersecurity for driving a unique initiative, namely how to leverage the investments in fraud management to pay for itself. In the innovation, IndusInd Bank not only implemented the real-time enterprise wide cross-channel fraud and AML management platform, but also began reusing in-memory data to offer simultaneous real-time cross-sell and upsell. IndusInd...
20-04-2017
Bigul

Analysis: IndusInd, Yes Bank likely to maintain valuation edge

 Any near-term likely pullback in the stocks may actually act as buying opportunity.
20-04-2017
Bigul

IndusInd Bank: Gearing up for the next growth phase

 The performance of IndusInd Bank suggests that some of the concerns that the Street expressed on likely dip in non-interest income and sustainability of deposit base garnered in December quarter were probably a bit stretched. More importantly, the March quarter (Q4) results reiterated that the bank is in the right direction to achieve its 3-year targets, which includes doubling customer base to 20 million. Among others, it plans to expand loan book by 25-30 per cent by FY21, while improving its low-cost current account - savings accounts (CASA) deposit share to 40 per cent.Net interest income (NII) at Rs 1,667 crore expanded by 31 per cent year-on-year, while the fee income grew a tad higher at 33 per cent year-on-year to Rs 1,211 crore. This is marginally ahead of Street expectation, though provisions for loans which almost doubled in March 2017 quarter (Q4) restricted net profit growth to 21 per cent. Consequently, at Rs 752 crore, net profit was lower than Bloomberg estimate of Rs .
19-04-2017
Bigul

Statement On Investors' Grievances March 31, 2017

 Pursuant to Regulation 13(3) of the Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements) Regulations 2015, we forward herewith the 'Statement on Investors' Grievances Redressal' of our Bank for the quarter ended March 31, 2017. The Statement on Investors' Grievances Redressal was placed before the Board in its meeting held on Wednesday, April 19, 2017.
19-04-2017
Bigul

Outcome of Board Meeting

 Auditor's Report For Financial Year ended March 31, 2017 Madam / Dear Sir, Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), we forward herewith the 'Auditor's Report' issued by M/s. Price Waterhouse Chartered Accountants LLP, Statutory Auditors of the Bank, in respect of the Audited Financial Results of the Bank for the Financial Year ended March 31, 2017....
19-04-2017
Bigul

Financial Results For March 31, 2017

 Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations) Outcome of Board Meeting Re: Audited Financial Results March 31, 2017 Madam / Dear Sir, Pursuant to Regulation 30(6) of SEBI Listing Regulations, we notify that the Board of Directors of the Bank, at their meeting held today in Mumbai, which concluded at 1.25 p.m., have approved, inter alia, the...
19-04-2017
Bigul

Annual report for IndusInd Bank Ltd. for FY-2017
19-04-2017
Bigul

Allotment Of Rated, Listed, Non-Convertible, Perpetual Subordinated Unsecured Basel III Compliant Bonds In The Nature Of Debentures

 This is to inform that the Finance Committee of the Board has, in its meeting held today, approved the allotment of 10,000 Rated, Listed, Non-Convertible, Perpetual, Subordinated and Unsecured Basel III-compliant Bonds in the nature of Debentures towards non-equity regulatory Additional Tier 1 Capital (AT1 Bonds), for Face Value of Rs.10 lakhs each for cash aggregating to Rs.1,000 crores (Rupees One Thousand crores only) on Private Placement basis....
18-04-2017
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