INDUSINDBK
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India's IndusInd Bank slips after co posts sequential decline in loans
** 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;))
** 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;))
India's IndusInd Bank posts sequential decline in loans for fourth straight quarter
Adds details throughout
Jan 5 (Reuters) - IndusInd Bank INBK.NS on Monday reported a sequential decline in loans for a fourth straight quarter, reflecting continued pressure on the private lender's growth.
Loans dropped 2.2% quarter-on-quarter in the October–December period, while deposits rose 1.1%, it said.
On a year-on-year basis, loans fell 13.1%, while deposits dropped 3.8%.
This is in contrast to other major lenders like HDFC Bank HDBK.NS and Kotak Mahindra Bank KTKM.NS, which have reported double digit year-on-year loan growth for the December quarter, signalling a rebound in credit demand in the world's fastest-growing major economy.
IndusInd Bank has been under pressure since disclosing a $230 million hit in the year ended March 31, 2025 due to misaccounting in internal derivative trades, which raised concerns over governance and led to the resignations of the then CEO Sumant Kathpalia and deputy chief Arun Khurana.
Veteran banker Rajiv Anand took the helm at IndusInd in August after receiving regulatory approval from the Reserve Bank of India.
IndusInd shares, which had fallen sharply post the misaccounting disclosure, have largely recovered. However, loan and deposit growth has remained under pressure.
The lender's current account and savings account (CASA) ratio – a key measure of low-cost deposit base and operational efficiency – declined to 30.3% from 30.7% in the previous quarter and 34.9% a year earlier.
(Reporting by Nishit Navin; Editing by Shailesh Kuber)
(([email protected];))
Adds details throughout
Jan 5 (Reuters) - IndusInd Bank INBK.NS on Monday reported a sequential decline in loans for a fourth straight quarter, reflecting continued pressure on the private lender's growth.
Loans dropped 2.2% quarter-on-quarter in the October–December period, while deposits rose 1.1%, it said.
On a year-on-year basis, loans fell 13.1%, while deposits dropped 3.8%.
This is in contrast to other major lenders like HDFC Bank HDBK.NS and Kotak Mahindra Bank KTKM.NS, which have reported double digit year-on-year loan growth for the December quarter, signalling a rebound in credit demand in the world's fastest-growing major economy.
IndusInd Bank has been under pressure since disclosing a $230 million hit in the year ended March 31, 2025 due to misaccounting in internal derivative trades, which raised concerns over governance and led to the resignations of the then CEO Sumant Kathpalia and deputy chief Arun Khurana.
Veteran banker Rajiv Anand took the helm at IndusInd in August after receiving regulatory approval from the Reserve Bank of India.
IndusInd shares, which had fallen sharply post the misaccounting disclosure, have largely recovered. However, loan and deposit growth has remained under pressure.
The lender's current account and savings account (CASA) ratio – a key measure of low-cost deposit base and operational efficiency – declined to 30.3% from 30.7% in the previous quarter and 34.9% a year earlier.
(Reporting by Nishit Navin; Editing by Shailesh Kuber)
(([email protected];))
India's Indusind Bank set to be lone Nifty Bank laggard in 2025
** 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];))
** 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];))
India's HDFC Bank subsidiaries get nod to buy up to 9.5% stake in IndusInd Bank
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];))
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];))
IndusInd Bank Clarifies On Report Hindujas Looking For Strategic Partner In IndusInd Bank
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];))
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];))
Indusind Bank Clarifies On Report "Indusind Bank Mulls QIP Route To Raise Confidence Capital"
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];))
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];))
Tepid loan demand, compressed margins to drag Indian banks' quarterly results
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.
India's banking stocks outperform benchmark Nifty 50 in 2025 so far https://reut.rs/3L0MOek
Brokerages expect profit after tax (PAT) of India's banks to decline in Q2 https://reut.rs/4nTdNXK
What brokerages expect from Q2 earnings of India's key lenders https://reut.rs/46XpMwd
(Reporting by Nishit Navin and Bharath Rajeswaran; Editing by Eileen Soreng)
(([email protected]; +91 8340791532))
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.
India's banking stocks outperform benchmark Nifty 50 in 2025 so far https://reut.rs/3L0MOek
Brokerages expect profit after tax (PAT) of India's banks to decline in Q2 https://reut.rs/4nTdNXK
What brokerages expect from Q2 earnings of India's key lenders https://reut.rs/46XpMwd
(Reporting by Nishit Navin and Bharath Rajeswaran; Editing by Eileen Soreng)
(([email protected]; +91 8340791532))
India's IndusInd Bank set for best week in about five months
** 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;))
** 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;))
Indusind Bank Appoints Viral Damania As CFO
Sept 22 (Reuters) - Indusind Bank Ltd INBK.NS:
INDUSIND BANK LTD - APPOINTS VIRAL DAMANIA AS CFO
INDUSIND BANK LTD - SANTOSH KUMAR TO CONTINUE AS DEPUTY CFO
Source text: ID:nBSE6BnL4N
Further company coverage: INBK.NS
(([email protected];))
Sept 22 (Reuters) - Indusind Bank Ltd INBK.NS:
INDUSIND BANK LTD - APPOINTS VIRAL DAMANIA AS CFO
INDUSIND BANK LTD - SANTOSH KUMAR TO CONTINUE AS DEPUTY CFO
Source text: ID:nBSE6BnL4N
Further company coverage: INBK.NS
(([email protected];))
IndusInd Bank New Chief Is Moving Quickly To Reduce Risks On Its Loan Book- Bloomberg News
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];))
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];))
Veteran banker Rajiv Anand takes charge as CEO of India's IndusInd Bank
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 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;))
India's Nifty 50 index to include Max Healthcare, InterGlobe Aviation after rejig
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 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];))
Indusind Bank Signs MoU With NSIC For MSME Credit Access
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 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];;))
Indusind Bank Launches 'Indus Startup Banking' Program
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];))
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];))
India's IndusInd Bank gains after naming Rajiv Anand as CEO
Aug 5 (Reuters) - India's IndusInd Bank INBK.NS climbed 2.3% on Tuesday, a day after the lender named industry veteran Rajiv Anand as its chief executive for a three-year term.
The stock was the top gainer on the Nifty Bank .NSEBANK and Nifty Private Bank .NIFPVTBNK indexes, which were trading 0.1% lower each.
It also gained the most on the benchmark Nifty 50 .NSEI, which was trading flat.
(Reporting by Kashish Tandon in Bengaluru; Editing by Sonia Cheema)
(([email protected]; 8800437922;))
Aug 5 (Reuters) - India's IndusInd Bank INBK.NS climbed 2.3% on Tuesday, a day after the lender named industry veteran Rajiv Anand as its chief executive for a three-year term.
The stock was the top gainer on the Nifty Bank .NSEBANK and Nifty Private Bank .NIFPVTBNK indexes, which were trading 0.1% lower each.
It also gained the most on the benchmark Nifty 50 .NSEI, which was trading flat.
(Reporting by Kashish Tandon in Bengaluru; Editing by Sonia Cheema)
(([email protected]; 8800437922;))
Street View: India's IndusInd Bank set for 'tough climb ahead on profitability'
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))
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))
IndusInd Bank Q1 Net Profit Beats Estimates
July 28 (Reuters) - IndusInd Bank Ltd INBK.NS:
Q1 NET PROFIT 6.84 BILLION RUPEES; IBES PROFIT EST. 6.27 BILLION RUPEES
Q1 PROVISIONS AND CONTINGENCIES 17.38 BILLION RUPEES
Q1 NET INTEREST INCOME 46.4 BILLION RUPEES - REUTERS CALCULATION
Further company coverage: INBK.NS
(([email protected];))
July 28 (Reuters) - IndusInd Bank Ltd INBK.NS:
Q1 NET PROFIT 6.84 BILLION RUPEES; IBES PROFIT EST. 6.27 BILLION RUPEES
Q1 PROVISIONS AND CONTINGENCIES 17.38 BILLION RUPEES
Q1 NET INTEREST INCOME 46.4 BILLION RUPEES - REUTERS CALCULATION
Further company coverage: INBK.NS
(([email protected];))
Indusind Bank Says CHRO Zubin Mody Resigns From Indusind Bank
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 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];))
Indusind Bank Board Meeting On July 28 To Approve Results
July 18 (Reuters) - Indusind Bank Ltd INBK.NS:
INDUSIND BANK LTD - BOARD MEETING ON JULY 28 TO APPROVE RESULTS
Source text: ID:nBSE4m0XNj
Further company coverage: INBK.NS
(([email protected];))
July 18 (Reuters) - Indusind Bank Ltd INBK.NS:
INDUSIND BANK LTD - BOARD MEETING ON JULY 28 TO APPROVE RESULTS
Source text: ID:nBSE4m0XNj
Further company coverage: INBK.NS
(([email protected];))
IndusInd Bank Ltd Says Net Advances Fell 3.9% YoY To 3.34 Trillion Rupees As Of June 30
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];))
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 India's IndusInd Bank to 'underperform'
** 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)
** 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)
India's IndusInd Bank falls after Goldman Sachs downgrades to "sell"
** 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;))
** 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;))
India's IndusInd Bank sends CEO shortlist to central bank for approval, sources say
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;))
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;))
India's IndusInd Bank jumps on media report about potential CEO candidates
** 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 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;))
India's IndusInd Bank gains over 5% on Nomura upgrade, better recovery prospects
** 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] ))
** 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] ))
India's IndusInd Bank rises as RBI deputy says things 'should settle down' soon
Adds chart
June 6 (Reuters) - Shares of India's IndusInd Bank INBK.NS rose as much as 5.3% on Friday after a deputy governor at the country's central bank said "things should settle down soon" at the lender, which has grappled with accounting lapses.
IndusInd said in March that years of incorrect accounting of internal derivative trades led to a $230 million hit to its accounts for the financial year ended March 31.
Separately, an internal audit of its microfinance business found that around $80 million was incorrectly recorded as interest over three quarters, which it reversed in January.
Its CEO, Sumant Kathpalia, and deputy, Arun Khurana, stepped down in April.
"Whatever that was supposed to play out (with IndusInd Bank) over the last 3 months is more or less on track," a Reserve Bank of India deputy governor, Swaminathan Janakiraman, said on Friday.
Swaminathan said that things should settle down at the lender soon and be back to normal.
The stock, which is set for its best day in nearly two months, was among the top gainers on the Nifty Bank index .NSEBANK, which is up 1.5% propped up in part by cuts of the key lending rate and cash reserve ratio earlier in the day.
"I think the bank has taken enough number of steps to improve their accounting and other practices and on the whole I think the bank is doing well," said RBI governor Sanjay Malhotra.
IndusInd Bank is down 6% since first disclosing the derivatives accounting lapse, underperforming the bank index which has risen 17% in that period.
IndusInd Bank has underperformed Nifty Bank Index in 2025 https://reut.rs/3ZgFakz
(Reporting by Nishit Navin in Bengaluru; Editing by Nivedita Bhattacharjee)
(([email protected];))
Adds chart
June 6 (Reuters) - Shares of India's IndusInd Bank INBK.NS rose as much as 5.3% on Friday after a deputy governor at the country's central bank said "things should settle down soon" at the lender, which has grappled with accounting lapses.
IndusInd said in March that years of incorrect accounting of internal derivative trades led to a $230 million hit to its accounts for the financial year ended March 31.
Separately, an internal audit of its microfinance business found that around $80 million was incorrectly recorded as interest over three quarters, which it reversed in January.
Its CEO, Sumant Kathpalia, and deputy, Arun Khurana, stepped down in April.
"Whatever that was supposed to play out (with IndusInd Bank) over the last 3 months is more or less on track," a Reserve Bank of India deputy governor, Swaminathan Janakiraman, said on Friday.
Swaminathan said that things should settle down at the lender soon and be back to normal.
The stock, which is set for its best day in nearly two months, was among the top gainers on the Nifty Bank index .NSEBANK, which is up 1.5% propped up in part by cuts of the key lending rate and cash reserve ratio earlier in the day.
"I think the bank has taken enough number of steps to improve their accounting and other practices and on the whole I think the bank is doing well," said RBI governor Sanjay Malhotra.
IndusInd Bank is down 6% since first disclosing the derivatives accounting lapse, underperforming the bank index which has risen 17% in that period.
IndusInd Bank has underperformed Nifty Bank Index in 2025 https://reut.rs/3ZgFakz
(Reporting by Nishit Navin in Bengaluru; Editing by Nivedita Bhattacharjee)
(([email protected];))
Indusind Bank Inks MoU With DPIIT
May 20 (Reuters) - Indusind Bank Ltd INBK.NS:
INDUSIND BANK INKS MOU WITH DPIIT
Further company coverage: INBK.NS
(([email protected];;))
May 20 (Reuters) - Indusind Bank Ltd INBK.NS:
INDUSIND BANK INKS MOU WITH DPIIT
Further company coverage: INBK.NS
(([email protected];;))
Indusind Bank Signs MoU With AIC STPINEXT
May 19 (Reuters) - Indusind Bank Ltd INBK.NS:
INDUSIND BANK SIGNS MOU WITH AIC STPINEXT
TO DELIVER TAILORED BANKING SOLUTIONS TO SUPPORT EARLY-STAGE START-UPS
Source text: [ID:]
Further company coverage: INBK.NS
(([email protected];;))
May 19 (Reuters) - Indusind Bank Ltd INBK.NS:
INDUSIND BANK SIGNS MOU WITH AIC STPINEXT
TO DELIVER TAILORED BANKING SOLUTIONS TO SUPPORT EARLY-STAGE START-UPS
Source text: [ID:]
Further company coverage: INBK.NS
(([email protected];;))
IndusInd Bank finds $79 million incorrectly recorded as interest in microfinance unit
May 15 (Reuters) - IndusInd Bank said on Thursday that an internal audit of its microfinance business showed it had incorrectly recorded 6.74 billion rupees ($79 million) as interest for three quarters of fiscal 2025.
The amount was fully reversed on January 10, 2025, the bank said in an exchange filing.
($1 = 85.4620 Indian rupees)
(Reporting by Nandan Mandayam in Bengaluru; Editing by Anil D'Silva)
(([email protected]; Mobile: +91 9591011727;))
May 15 (Reuters) - IndusInd Bank said on Thursday that an internal audit of its microfinance business showed it had incorrectly recorded 6.74 billion rupees ($79 million) as interest for three quarters of fiscal 2025.
The amount was fully reversed on January 10, 2025, the bank said in an exchange filing.
($1 = 85.4620 Indian rupees)
(Reporting by Nandan Mandayam in Bengaluru; Editing by Anil D'Silva)
(([email protected]; Mobile: +91 9591011727;))
Moody's Ratings Affirms Indusind's Ratings, Changes Outlook To Negative
May 9 (Reuters) -
MOODY'S RATINGS: AFFIRMS INDUSIND'S RATINGS, CHANGES OUTLOOK TO NEGATIVE
MOODY'S RATINGS: DOWNGRADES INDUSIND'S STANDALONE CREDIT PROFILE
Source text: ID:nMDY29jSZp
Further company coverage: INBK.NS
(([email protected];;))
May 9 (Reuters) -
MOODY'S RATINGS: AFFIRMS INDUSIND'S RATINGS, CHANGES OUTLOOK TO NEGATIVE
MOODY'S RATINGS: DOWNGRADES INDUSIND'S STANDALONE CREDIT PROFILE
Source text: ID:nMDY29jSZp
Further company coverage: INBK.NS
(([email protected];;))
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What does Indusind Bank do?
IndusInd Bank offers a comprehensive portfolio of financial products and services designed to meet the diverse needs of individuals, businesses, and institutions. Its portfolio spans microfinance, vehicle finance, diamond banking, and corporate solutions, each designed to serve a specific need while driving meaningful, lasting outcomes. The Bank operates in India including at the International Financial Service Centre in India (IFSC), at GIFT City (IBU).
Who are the competitors of Indusind Bank?
Indusind Bank major competitors are Yes Bank, IDFC First Bank, Federal Bank, AU Small Fin. Bank, Karur Vysya Bank, Bandhan Bank, City Union Bank. Market Cap of Indusind Bank is ₹70,078 Crs. While the median market cap of its peers are ₹63,155 Crs.
Is Indusind Bank financially stable compared to its competitors?
Indusind Bank seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Indusind Bank pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Indusind Bank latest dividend payout ratio is 14.31% and 3yr average dividend payout ratio is 14.45%
How has Indusind Bank allocated its funds?
Company has been allocating majority of new resources to relatively unproductive uses like cash and Gov Securities instead of loans. This can be seen as either negative or company is being safe.
How strong is Indusind Bank balance sheet?
The companies balance sheet of Indusind Bank is weak, but was strong historically.
Is the profitablity of Indusind Bank improving?
No, profit is decreasing. The profit of Indusind Bank is -₹759.46 Crs for TTM, ₹2,576 Crs for Mar 2025 and ₹8,977 Crs for Mar 2024.
Is Indusind Bank stock expensive?
Indusind Bank is not expensive. Latest PE of Indusind Bank is 0 while 3 year average PE is 16.72. Also latest Price to Book of Indusind Bank is 1.1 while 3yr average is 1.58.
Has the share price of Indusind Bank grown faster than its competition?
Indusind Bank has given lower returns compared to its competitors. Indusind Bank has grown at ~-7.7% over the last 7yrs while peers have grown at a median rate of 9.03%
Is the promoter bullish about Indusind Bank?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Indusind Bank is 15.82% and last quarter promoter holding is 15.82%.
Are mutual funds buying/selling Indusind Bank?
The mutual fund holding of Indusind Bank is decreasing. The current mutual fund holding in Indusind Bank is 23.59% while previous quarter holding is 25.36%.