INDUSINDBK

Feb 25 (Reuters) - IndusInd Bank Ltd INBK.NS:

• GOES LIVE WITH NEXT-GEN UPI PLATFORM

Source text: ID:nNSEbfHG2H

Further company coverage: INBK.NS

(([email protected];;))

Feb 20 (Reuters) - IndusInd Bank Ltd INBK.NS:

• EXPANDS GOLD LOAN NETWORK TO 500 BRANCHES

Source text: ID:nBSE9n73qC

Further company coverage: INBK.NS

(([email protected];))

Jan 28 (Reuters) - Indusind Bank Ltd INBK.NS:

• RBI IMPOSES 203,000 RUPEES PENALTY ON INDUSIND BANK'S CHENNAI CHEST

• PENALTY FOR DISCREPANCY IN SOILED NOTE REMITTANCE

Source text: ID:nNSE1VkqGq

Further company coverage: INBK.NS

(([email protected];))

** Shares of India's IndusInd Bank INBK.NS fall 4% to 857.65 rupees

** On Friday, private lender posted ~25% y/y rise in Q3 profit to 1.61 billion rupees ($17.53 million); results were an improvement from the 4.45 bln-rupee loss in Q2

** Systematix Research ("hold", lifts TP to 950 rupees from 900 rupees) says co's Q3 profit recovery was driven by lower provisions and one-offs, but elevated slippages in microfinance remain a key concern

** Brokerage BobCaps ("sell", raises TP to 833 rupees from 704 rupees earlier) says credit growth continues to lag due to rundown in microfinance loans, even as earnings turn positive

** Stock rated "hold" on avg by 36 analysts, median PT at 822.50 rupees - data compiled by LSEG

** INBK fell ~10% in 2025, stock up 3% so far in 2026

($1 = 91.8470 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))

Jan 23 (Reuters) - Indian private lender IndusInd Bank INBK.NS said on Friday that its part-time chairman and director Sunil Mehta will step down effective, January 30, post the completion of his tenure.

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]; 8800437922;))

** Shares of IndusInd Bank Ltd INBK.NS ease 0.7% to 894.05 rupees

** Co on Monday reported a sequential decline in loans for a fourth straight quarter, reflecting persistent slack in its growth trajectory

** Jefferies says the bank will consolidate in FY26 and expects improvement in FY27 as a new team takes charge under new CEO; Valuations are attractive for turnaround play

** Nomura says IndusInd Bank is going through a substantial overhaul in terms of processes, senior management, and strategy; Awaits further details on the outlook for the bank's margins and credit costs in Q3FY26 results

** 36 analysts rate the stock "hold" on average; median PT is 750 rupees -- data compiled by LSEG

** Stocks fell ~10% in 2025

(Reporting by Brijesh Patel in Bengaluru)

(([email protected]; Ph no. +91 9590227221;))

BENGALURU, Jan 5 (Reuters) - IndusInd Bank INBK.NS reported a sequential decline in loans in the third quarter while deposits rose, the private lender said on Monday.

Loans dropped 2.2% quarter-on-quarter in the October–December period, while deposits rose 1.1%.

(Reporting by Nishit Navin; Editing by Shailesh Kuber)

(([email protected];))

** India's Indusind Bank INBK.NS set to be the only stock on Nifty Bank index .NSEBANK to log a loss in 2025

** INBK down nearly 10% YTD vs ~17% rise in NSEBANK

** Management changes, accounting lapses and suspected employee fraud have weighed on the stock this year; INBK hit its lowest level in 2025 after former CEO's shorter tenure extension in March

** Analysts avg rating on the stock is "sell", the only one in the Nifty Bank index; median PT is 750 rupees - data compiled by LSEG

** INBK last up 3.1% at 867.65 rupees on Wednesday

(Reporting by Meenakshi Maidas in Bengaluru)

(([email protected];))

Changes sourcing in paragraphs 1-3

Dec 16 (Reuters) - India's central bank has approved HDFC Bank's HDBK.NS subsidiaries to acquire up to a 9.5% stake in smaller peer IndusInd Bank INBK.NS, the country's largest private sector lender by market value said late on Monday.

The approval is valid for a year from the Reserve Bank of India's letter dated December 15, HDFC Bank said in a statement.

The bank's group entities, such as HDFC Mutual Fund, HDFC Life Insurance, HDFC Pension Fund, and others, received the approval to buy an "aggregate holding" of up to 9.5% of the paid-up share capital or voting rights in IndusInd Bank, it added.

IndusInd reported its largest-ever quarterly loss in the three months to March 31, following a $230 million hit to its accounts, amid governance and accounting failures that prompted the departure of former CEO Sumant Kathpalia and Deputy CEO Arun Khurana earlier this year.

The bank's board has faced criticism from investors over shortfalls in oversight and delays in disclosing the accounting lapses in its derivative portfolio, which led to a hit to the bank's accounts.

Earlier this year, private sector lender IndusInd said it would raise up to $3.47 billion and allow promoters to nominate two board directors.

(Reporting by Gursimran Kaur in Bengaluru; Editing by Rashmi Aich)

(([email protected];))

Dec 4 (Reuters) - Indusind Bank Ltd INBK.NS:

• INDUSIND BANK - CLARIFIES ON REPORT HINDUJAS LOOKING FOR STRATEGIC PARTNER IN INDUSIND BANK

• INDUSIND BANK - THERE IS NO DISCUSSION OF THIS NATURE UNDERWAY WITH ANYONE IN THE BANK

Source text: [ID:]

Further company coverage: INBK.NS

(([email protected];))

Nov 21 (Reuters) - Indusind Bank INBK.NS:

• CLARIFIES ON REPORT "INDUSIND BANK MULLS QIP ROUTE TO RAISE CONFIDENCE CAPITAL"

• DENIES CAPITAL RAISING NEWS

Source text: ID:nnAZN4QWCEP

Further company coverage: INBK.NS

(([email protected];))

By Bharath Rajeswaran and Nishit Navin

BENGALURU, Oct 9 (Reuters) - Indian banks are poised to report subdued earnings for the September quarter, weighed down by tepid loan demand across retail and corporate segments and margin contraction due to rate cuts by the central bank, analysts said.

The Reserve Bank of India has lowered its interest rate by 100 basis points this year to revive consumption and investment amid a slowing economy. Rate cuts tend to squeeze banks' margins in the short term, as lenders reduce loan rates faster than they adjust deposit rates.

Analysts forecast private banks to post a year-on-year decline in profit in the September quarter, while net interest income (NII) may see only a marginal uptick.

Sector-wide profit is forecast to fall 7%-12% year-on-year in the quarter, with state-owned banks underperforming larger peers.

Jefferies estimates profits of large banks will fall 12% year-on-year, after posting an 8% growth in the year-ago quarter and a marginal 2% growth in the June quarter.

The brokerage forecasts 5% drop in profit for private lenders and a 20% decline for public sector banks. It expects loan growth at roughly 11% and a flat NII.

Axis Bank AXBK.NS will kick off the banking sector earnings on October 15, followed by Federal Bank FED.NS, ICICI Bank ICBK.NS, IDFC Bank IDFB.NS, IndusInd Bank INBK.NS later in the week.

"Asset quality trends are likely to remain stable due to controlled slippages and robust provision coverage ratios," said Nitin Aggarwal of Motilal Oswal.

Nomura added that stress in unsecured retail and microfinance portfolios remains elevated but delinquency trends are improving, although a gradual profit recovery is likely from the second half of fiscal 2026.

Loan growth is expected to remain muted at around 10% in the September quarter, with corporate and big-ticket retail demand still soft.

Rising bond yields are also likely to weigh on treasury income. "With bond yields rising, treasury gains will not cushion earnings in the September quarter," Axis Securities said.

Analysts expect a recovery from the second half of fiscal year 2026, driven by stronger consumption, government tax relief, and faster growth in unsecured credit.

"We expect the September quarter to mark a turning point, with earnings momentum improving from the December quarter onwards as margin pressure eases and asset quality trends strengthen," said Ankit Bihani, analyst at Nomura.

With the RBI keeping rates unchanged in recent meetings, banks' margins are expected to get some relief from the ongoing quarter as borrowing costs fall and deposit rates adjust.

Banks .NSEBANK, private lenders .NIFPVTBNK and state-owned banks .NIFTYPSU have gained 10.1%, 10.6% and 15% year-to-date, outperforming the Nifty 50's .NSEI 6% rise.

(Reporting by Nishit Navin and Bharath Rajeswaran; Editing by Eileen Soreng)

(([email protected]; +91 8340791532))

** Shares of IndusInd Bank Ltd INBK.NS climb 4.8% this week, set for their best weekly show since mid-April

** Private sector lender rose in all four sessions this week

** Morgan Stanley upgraded INBK to "equal-weight" on Monday, citing inexpensive valuations

** INBK also tracking gains in other bank stocks on RBI's latest lending reforms

** INBK third-biggest gainer this week among 10 stocks on Nifty Private Bank .NIFPVTBNK index, which is up 2.4%

** Analysts, however, rate stock "hold" on average; median PT is 750 rupees - data compiled by LSEG

** On Friday, INBK up 0.4% vs 0.5% rise in private bank index

** Stock trims YTD losses to 22%, but remains biggest loser on the index so far this year

(Reporting by Nandan Mandayam in Bengaluru)

(([email protected]; Mobile: +91 9591011727;))

Adds details, background from paragraph 2 onwards

Sept 22 (Reuters) - India's IndusInd Bank INBK.NS named Viral Damania as its chief financial officer on Monday, marking another key leadership appointment in nearly a month after a $230 million hit in accounts triggered a management shakeup earlier this year.

Damania's appointment, effective September 22, comes after the bank late last month said veteran banker Rajiv Anand had taken charge as its CEO for a three-year period.

Earlier this year, IndusInd had disclosed the $230 million hit to its accounts for the financial year ended March 31, 2025 due to years of misaccounting of internal derivative trades.

That prompted the resignations of Sumant Kathpalia as the bank's CEO, and deputy Arun Khurana. Khurana was also relieved of his CFO duties in April, a month after the bank disclosed the accounting lapse.

With 27 years of banking experience, Damania was most recently the finance chief of Bank of America's India branch. He had also worked with global financial institutions, including Citibank North America and BofA Securities India.

Santosh Kumar, who was named deputy CFO in April, will continue in the role, the bank said.

(Reporting by Kashish Tandon in Bengaluru; Editing by Shilpi Majumdar)

(([email protected]; 8800437922;))

Sept 3 (Reuters) -

• INDUSIND BANK LTD.’S NEW CHIEF IS MOVING QUICKLY TO REDUCE RISKS ON ITS LOAN BOOK- BLOOMBERG NEWS

Source text: https://tinyurl.com/2n8398r2

Further company coverage: INBK.NS

(([email protected];))

Aug 25 (Reuters) - Veteran banker Rajiv Anand has taken charge as IndusInd Bank's INBK.NS chief executive and managing director, the beleaguered bank said in an exchange filing on Monday.

Anand, whose appointment was announced earlier this month, was previously the deputy managing director at private lender Axis Bank AXBK.NS and has held key management positions at leading global financial institutions.

IndusInd Bank took a $230 million hit in the year ended March 31 due to years of misaccounting of internal derivative trades, prompting the resignations of CEO Sumant Kathpalia and deputy Arun Khurana in April.

(Reporting by Nandan Mandayam in Bengaluru; Editing by Janane Venkatraman)

(([email protected]; Mobile: +91 9591011727;))

Aug 22 (Reuters) - India's National Stock Exchange (NSE) said on Friday it will add hospital-chain operator Max Healthcare MAXE.NS and Indigo-parent InterGlobe Aviation INGL.NS to its benchmark Nifty 50 index .NSEI effective September 30.

IndusInd Bank INBK.NS and Hero MotoCorp HROM.NS will be removed from the index as part of the NSE's semi-annual rebalancing, the exchange said.

(Reporting by Hritam Mukherjee and Urvi Dugar in Bengaluru; Editing by Leroy Leo)

(([email protected];))

Aug 21 (Reuters) - Indusind Bank Ltd INBK.NS:

• SIGNS MOU WITH NSIC FOR MSME CREDIT ACCESS

Source text: ID:nBSE2P0QLD

Further company coverage: INBK.NS

(([email protected];;))

Aug 11 (Reuters) - Indusind Bank Ltd INBK.NS:

• INDUSIND BANK LTD - LAUNCHES 'INDUS STARTUP BANKING' PROGRAM

Source text: ID:nBSEbCLy1t

Further company coverage: INBK.NS

(([email protected];))

Adds details in paragraphs 4-5, background in paragraphs 7-8 and analyst comments in paragraphs 6, 10-12; updates shares

Aug 5 (Reuters) - India's IndusInd Bank INBK.NS jumped as much as 5.4% on Tuesday after naming Rajiv Anand as CEO, a move that analysts say could pave the way for a turnaround after leadership turmoil amid accounting lapses.

The stock was the top gainer on the Nifty Bank .NSEBANK and Nifty Private Bank .NIFPVTBNK indexes, which were trading 0.3% and 0.1% lower, respectively.

It was also the biggest gainer on the benchmark Nifty 50 .NSEI, which was down 0.5%.

The lender named Anand as CEO following approval by the Reserve Bank of India, which has final authority on senior banking appointments.

Anand, a veteran banker, is currently deputy managing director at Axis Bank AXBK.NS and has held key management positions at leading global financial institutions.

IndusInd Bank took a $230 million hit in the year ended March 31 due to misaccounting in internal derivative trades, prompting the resignations of CEO Sumant Kathpalia and deputy Arun Khurana in April.

In the interim, the bank has been steered by the board and two senior officials.

The stock, which has lost 8.5% of its value since the disclosure of the accounting discrepancies in March, was last trading 2.5% higher at 823.15 rupees.

Citi analysts said Anand's 35-plus years of banking experience and track record in scaling retail and corporate businesses are key positives.

The appointment of a seasoned private banker has raised hopes of an early turnaround, said Emkay Global.

Reorganising the bank's top management may be among Anand's initial top priorities, Jefferies analysts said, reiterating a "buy" rating on the stock.

The stock carries an average "sell" rating, with a median price target of 750 rupees, per data compiled by LSEG.

Despite Tuesday's gains, IndusInd Bank is the worst year-to-date performer on both the Nifty Bank and Private Bank indexes, down 14%.

(Reporting by Kashish Tandon in Bengaluru; Editing by Sonia Cheema)

(([email protected]; 8800437922;))

July 29 (Reuters) - ** India's IndusInd Bank INBK.NS swung to profit in Q1 on lower operational expenses, however, its asset quality worsened and provisions for bad loans rose

** Shares trading 1% higher at 809.50 rupees

CAUTION STILL WARRANTED

** Emkay Global ("reduce," PT: 700 rupees) says even though management believes asset quality will gradually improve as microfinance stress eases, caution is warranted amid rising stress in commercial vehicles portfolio across lenders and given potential risk of further cleanup by new management

** UBS ("sell," PT: 600 rupees) says INBK had another weak quarter, adding that they expect loan growth to remain subdued at 7% for the current fiscal

** JP Morgan ("underweight," PT: 550 rupees) says while INBK's profitability recovered from record loss in Q4, core trends suggest limited scope for sustained improvement in returns

** Investec ("sell," PT: 650 rupees) says INBK has a tough climb ahead on profitability, cuts FY26 and FY27 EPS estimates by 15% and 6%

(Reporting by Kashish Tandon in Bengaluru)

((kashish.tandon@thomsonreuters.com; Mobile: +91 8800437922))

BENGALURU, July 28 (Reuters) - India's IndusInd Bank INBK.NS reported a drop in first quarter profit on Monday, hurt by decline in loans and rise in provisions for potential bad loans.

The country's fifth largest private lender by assets said its profit fell 68% to 6.84 billion rupees ($78.93 million) for the quarter ended June 30.

In the previous quarter, IndusInd had reported its biggest-ever quarterly loss, as it took a $230 million hit to its accounts in the year ended March 31 due to years of misaccounting of internal derivative trades.

($1 = 86.6600 Indian rupees)

(Reporting by Nishit Navin and Ashwin Manikandan; Editing by Mrigank Dhaniwala)

(([email protected];))

July 25 (Reuters) - Indusind Bank Ltd INBK.NS:

• INDUSIND BANK LTD - CHRO ZUBIN MODY RESIGNS FROM INDUSIND BANK

Source text: ID:nBSE77mxJq

Further company coverage: INBK.NS

(([email protected];))

July 18 (Reuters) - IndusInd Bank INBK.NS will consider a proposal to raise funds by issuing long-term bonds at its board meeting on July 23, the Indian lender said on Friday.

The board will consider issuing the bonds on a private placement basis and whether to increase capital through depository receipts and qualified institutional placements.

The bank took a $230 million hit in the fiscal year ended March 31 due to years of misaccounting of internal derivative trades, prompting the resignations of CEO Sumant Kathpalia and deputy Arun Khurana in April.

It has shortlisted senior bankers from three other financial organizations, including HDFC Bank HDBK.NS, for the position of CEO, Reuters reported in June.

(Reporting by Ananta Agarwal in Bengaluru; Editing by Sahal Muhammed)

(([email protected];))

July 4 (Reuters) - Indusind Bank Ltd INBK.NS:

• INDUSIND BANK LTD - NET ADVANCES DECLINED 3.9% YOY TO 3.34 TRILLION RUPEES AS OF JUNE 30

• INDUSIND BANK LTD - DEPOSITS DECREASED 0.3% YOY TO 3.97 TRILLION RUPEES AS OF JUNE 30

Source text: ID:nNSE5NnF0T

Further company coverage: INBK.NS

(([email protected];))

** Macquarie downgrades private lender IndusInd Bank INBK.NS by two notches to "underperform" from "outperform", retains PT of 650 rupees

** Brokerage expects INBK to reduce the size of its microfinance portfolio post discovery of fraud and governance issues

** INBK will also find it difficult to build its asset base and grow its retail liability franchise - Macquarie

** Avg stock rating by 38 analysts is "sell"; median PT is 725 rupees - data compiled by LSEG

** Stock trading flat on the day at 860.10 rupees

** INBK down 4% since March 10 when it first disclosed accounting lapses

** YTD, INBK down 10.4%, Nifty Financials .NIFTYFIN up 14.5%

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

** Shares of private lender IndusInd Bank INBK.NS fall as much as 2.74% to 855 rupees

** Goldman Sachs downgrades INBK to "sell" from "neutral", citing likely structurally weak franchise, weaker growth in profit and returns in second half of fiscal 2026 and 2027

** Sees potential loss in market share in its key loan portfolios as well as in deposits, and slowdown in revenue growth

** Cuts earnings-per-share estimates by 25% and 17% for FY2026 and FY2027, respectively, to reflect margin pressure and elevated funding costs

** Sees INBK as value trap for investors, estimating about 18% drop in shares in next 12 months

** Average rating of 38 analysts tracking INBK is "hold"; median price target 725 rupees, according to data compiled by LSEG

** INBK down 8.4% in 2025 so far, underperforming the 8.1% rise in benchmark Nifty 50 index .NSEI, exchange data shows

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

By Siddhi Nayak

MUMBAI, June 30 (Reuters) - India's IndusInd Bank INBK.NS has shortlisted three senior bankers - Rajiv Anand, Rahul Shukla, and Anup Saha - for the position of CEO and submitted their names to the central bank for approval, two sources told Reuters.

IndusInd Bank took a $230 million hit in the year ended March 31 due to years of misaccounting of internal derivative trades, prompting the resignations of CEO Sumant Kathpalia and deputy Arun Khurana in April.

The Reserve Bank of India (RBI), which has the final say in top appointments at banks, had asked for names of potential replacements by June 30.

The board has suggested a three-year term for the chief executive, one of the sources said.

The sources declined to be identified as they were not authorised to speak with the media.

IndusInd Bank, RBI and Saha did not reply to a Reuters email seeking comment. Anand and Shukla did not reply to WhatsApp messages.

Anand, a veteran banker, is currently the deputy managing director at private lender Axis Bank, and has held key management positions at leading global financial institutions.

Shukla, who is currently on sabbatical, is group head at India's biggest private lender HDFC Bank, with over 30 years of work experience.

Saha is the managing director of Indian non-bank lender Bajaj Finance and has served for 25 years in the financial services industry.

"Rajiv Anand's name has been given as first priority by the board, given his reputation and the experience he brings to the table," one of the sources said.

Shares of IndusInd Bank were trading 0.6% higher on Monday and are down 10% so far in 2025.

(Reporting by Siddhi Nayak; Editing by Saad Sayeed)

(([email protected]; x.com/siddhiVnayak;))

** Shares of IndusInd Bank INBK.NS rise 2.9% to 860 rupees

** Rahul Shukla, HDFC Bank's HDBK.NS group head of commercial and rural banking; Anup Saha, Bajaj Finance BJFN.NS MD, and Rajiv Anand, deputy MD at Axis Bank AXBK.NS, are in the running for IndusInd Bank's CEO position, CNBC TV-18 reports, citing sources

** Report says INBK board discussed potential CEO names unofficially with RBI, but is yet to submit list

** IndusInd Bank did not immediately respond to a Reuters request for comment

** INBK shares were up ~2% before the news, rose as much as 5.4% after the report

** INBK has dropped ~5% since March 10, when it disclosed incorrect accounting of internal derivative trades

** Lender currently does not have a CEO

** YTD, stock down over 10%; Nifty bank .NSEBANK up ~13%

(Reporting by Anuran Sadhu in Bengaluru)

(([email protected]; +91 8697274436;))

** Shares of IndusInd Bank INBK.NS up 5.3% at 852 rupees after Nomura upgrades private lender to "buy" from "neutral", raises target price to 1,050 rupees from 700 rupees
** Nomura says bank has addressed accounting issues with a 53 bln rupees one-time hit in Q4FY25 and is now positioned for recovery
** Brokerage sees bank's return on asset improving to 1.1% from present 0.5% and return on equity to 9.6% by FY28 from present 4%, aided by stronger retail franchise, lower credit costs, and stable capital base
** Commitment from board to improve governance, ongoing search for a new leadership and clear intent to "start FY26F on a clean slate" are crucial positive signs - Nomura
** Brokerage says current valuations look attractive
** Adds that RBI’s support and upcoming CEO appointment could further boost investor confidence
** INBK down 10.9% YTD vs 10% gain in Nifty bank index .NSEBANK

(Reporting by Sethuraman NR in Bengaluru)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected] ))