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IndusInd Bank Limited (“IndusInd”) announces successful pricing of its inaugural USD denominated public bond for USD 400 million
Posted on Wednesday, April 10th, 2019 | By IndusInd Bank
USD 400 million 3-year Regulation S only issuance at 3.875% coupon Strong final order book in excess of USD 1.4 billion that included marquee accounts across geographies 3.5x oversubscription allowed IndusInd Bank to tighten the pricing by 25 bps (i.e. from initial guidance of T+210 bps and a overwhelming book build of over USD2billion area…
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IndusInd Bank launches co-branded credit card with PAYBACK
Posted on Tuesday, January 29th, 2019 | By IndusInd Bank
Mumbai – January 29, 2019: IndusInd Bank has announced the launch of ‘IndusInd Bank PAYBACK Credit Card’, a co-branded credit card in partnership with PAYBACK – the country’s largest multi-brand loyalty program. With the IndusInd Bank PAYBACK Credit Card, the customer will not only earn PAYBACK Points on all transactions on the co-branded credit card…
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IndusInd Bank partners with Government of Maharashtra and NPCI for ‘Mumbai Fintech Accelerator Programme’
Posted on Tuesday, January 29th, 2019 | By IndusInd Bank
Mumbai, January 28, 2019 – IndusInd Bank announced that it has joined the first edition of the ‘Mumbai Fintech Accelerator Programme’ backed by the Government of Maharashtra and National Payments Corporation of India (NPCI) as a banking partner. With this, IndusInd Bank aims to partner with the State Government in its effort at making Mumbai…
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IndusInd Bank Q3 Operating Profit at Rs. 2,117 crores, up 27% Credit growth up by 35% Y-o-Y
Posted on Thursday, January 10th, 2019 | By IndusInd Bank
Highlights Q3 FY 2018-19 Q3 FY19 marked by strong Q-o-Q growth in headline numbers / Operating Profit CASA at 44%, CA rose by 30% Deposit growth up 20% Y-o-Y Credit growth up 35% Y-o-Y Net Interest Income up 21% Y-o-Y Operating profit up 27% Y-o-Y Cost well maintained; efficiency ratio at 43.65% Capital Adequacy Ratio…
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IndusInd Bank Q2 Operating Profit up by 22% to Rs. 1,992 crores, Credit growth up by 32% Y-o-Y, and Credit cost fell to 12 bps
Posted on Tuesday, October 16th, 2018 | By IndusInd Bank
Highlights Q2 FY 2018-19 A quarter of steadfast performance PAT up 25% Y-o-Y excluding one-off prudential contingent provision CASA up at 44% , SA rose by 27% Y-o-Y Deposit growth up 19% Y-o-Y Credit growth up 32% Y-o-Y Net Interest Income up 21% Y-o-Y Operating profit up 22% Y-o-Y Capital Adequacy Ratio (CRAR) at 14.28%…
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IndusInd Bank launches ‘IndusInd Bank Duo Card’ – India’s first two chip debit cum credit card
Posted on Tuesday, October 16th, 2018 | By IndusInd Bank
Launches integrated advertising campaign featuring multitalented Boman Irani For the first-of-its-kind card that brings a range of benefits that treat customers to the best of a credit and debit card Mumbai – October 10, 2018 IndusInd Bank today launched the IndusInd Bank Duo Card which is India’s first 2 EMV chip debit cum credit card….
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IndusInd Bank Q1 Net Profit up by 24% to Rs 1,035.72 crores
Posted on Tuesday, July 17th, 2018 | By IndusInd Bank
Highlights A quarter of steadfast performance Strong Q-o-Q growth all around PAT up 24% Y-o-Y Loan growth up 29 % Y-o-Y ROA up 5 bps to 1.91% Return on Equity up at 17.25% Mumbai, June 10, 2018: The Board of Directors of IndusInd Bank Ltd. today approved and adopted its Unaudited Financial Results for the…
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OPIC Provides $5 million in Financing to Grameen Impact Investments India
Posted on Thursday, July 5th, 2018 | By IndusInd Bank
Mumbai 12, June, 2018 – The Overseas Private Investment Corporation (OPIC) announced that $5 million in local currency financing has been mobilized to Grameen Impact under an OPIC loan guarantee agreement with India’s IndusInd Bank. The financing was deployed through IndusInd Bank’s Impact Investing division, which will support Grameen Impact’s lending to local small and…
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IndusInd Bank Net Profit up by 26 % for 2017-18 at Rs 3,605.99 crores Q4 18 Net Profit up by 27% at Rs 953.09 crores Total Business at Rs. 2,96,593 crores
Posted on Thursday, July 5th, 2018 | By IndusInd Bank
Highlights Net Profit for the Year at Rs. 3,605.99 crores up by 26% Net profit for the Q4 18 at Rs. 953.09 crores up by 27% Y-o-Y Deposit growth up 20 % Y-o-Y Credit growth up 28% Y-o-Y CASA growth up 43% Y-o-Y Saving Deposit Growth up 70% Y-o-Y Net Interest Income for Q4 18…
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IndusInd Bank partners with Samsung to offer Samsung Pay services to its credit card customers
Posted on Thursday, July 5th, 2018 | By IndusInd Bank
Mumbai, April 06, 2018, Friday: IndusInd Bank today announced collaboration with Samsung Electronics to enable its MasterCard and Visa Credit Card customers to use ‘Samsung Pay’. IndusInd credit card holders can now ‘tap and pay’ at merchant outlets having Point of Sale (PoS) terminals using a wide range of Samsung Smartphones. Samsung Pay is a…
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IndusInd Bank signs a definitive share purchase agreement to acquire IL&FS Securities Services Ltd, the securities services subsidiary of IL&FS.
Posted on Thursday, July 5th, 2018 | By IndusInd Bank
Mumbai June 26, 2018: IndusInd Bank Limited (IBL) today has signed a definitive share purchase agreement with Infrastructure Leasing and Financial Services Limited, (IL&FS) and other minority shareholders to acquire 100% of IL&FS Securities Services Limited, (ISSL); IL&FS’s subsidiary specializing in the capital markets business. The Reserve Bank of India has granted approval for the…
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IndusInd Bank Limited receives ‘No-objection’ from NSE, BSE for merger of Bharat Financial Inclusion Limited with IndusInd Bank Limited
Posted on Thursday, July 5th, 2018 | By IndusInd Bank
Mumbai, June 05, 2018: IndusInd Bank Limited (“IBL”) today announced that it has received “no-objection” from National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange (BSE) for the proposed merger of Bharat Financial Inclusion Limited (“BFIL”) with IBL, following comments received from the Securities and Exchange Board of India (SEBI). IBL received “No-objection”…
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Delhi Metro In Association With IndusInd Bank Launches ‘METRO PLUS’ Debit Card To Ensure Smooth And Cashless Transactions Across Network
Posted on Wednesday, March 28th, 2018 | By IndusInd Bank
New Delhi, March 25, 2018: The Delhi Metro Rail Corporation (DMRC) in association with the IndusInd Bank today launched a dual purpose ‘METRO PLUS’ debit card for the benefit of the Delhi Metro commuters. The ‘Metro Plus Card’ was jointly launched by DMRC’s Managing Director Dr. Mangu Singh and Mr. Ritesh Raj Saxena, EVP &…
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IndusInd Bank and Ripple tie up for Cross Border Remittances
Posted on Tuesday, February 27th, 2018 | By IndusInd Bank
Mumbai, February 27, 2018, Tuesday : IndusInd Bank announced its partnership with Ripple, the enterprise blockchain solution for global payments, to facilitate payments into and out of India. With this affiliation, RippleNet can now provide instant access in emerging markets such as India, Brazil and China. In 2017, India saw a total of $65 billion…
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IndusInd Bank Q3FY 18 Net Profit up by 25 % to Rs 936.25 crores, Balance sheet size crosses 2 lakh crores , ROA (Annualised) at 1.96%
Posted on Monday, January 29th, 2018 | By IndusInd Bank
Highlights Q3 FY 2018 A quarter of steadfast performance Deposit growth up 23% Y-o-Y Saving Deposit Growth up 68% Y-o-Y Credit growth up 25% Y-o-Y Net Interest Income up 20 % Y-o-Y Net profit up 25 % Y-o-Y Return on Assets (ROA) at 1.96 % Capital Adequacy Ratio (CRAR) at 15.83 % Mumbai, January 11…
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IndusInd Bank partners with one of India’s largest CNG provider for cashless payment solutions
Posted on Tuesday, October 24th, 2017 | By IndusInd Bank
October 11, 2017, Mumbai: IndusInd Bank, in partnership with Indraprastha Gas Limited (IGL) – one of India’s largest CNG companies- will be the sole provider of prepaid CNG smartcards for commercial and private vehicles, facilitating cashless transactions at all IGL’s CNG gas stations. The card was launched earlier today at an event in New Delhi,…
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IndusInd Bank and Bharat Financial Inclusion Announce Merger
Posted on Tuesday, October 24th, 2017 | By IndusInd Bank
Companies with steadfast belief in Microfinance Complimentary network, customers and products Compelling Revenue synergies from Day 1 Share exchange ratio of 639 IndusInd Bank shares for 1,000 Bharat Financial Inclusion Limited shares Mumbai, October 14, 2017: The Board of Directors of IndusInd Bank Ltd. (“IndusInd”) and the Board of Directors of Bharat Financial Inclusion Limited…
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IndusInd Bank Q2FY 18 Net Profit up by 25 % to Rs 880.10 crores, NIM stable at 4.00%
Posted on Monday, October 23rd, 2017 | By IndusInd Bank
Key Performance Highlights Q2 FY 2018 A quarter of steadfast performance Deposit growth up 26% Y-o-Y Saving Deposit Growth up 95% Y-o-Y Credit growth up 24% Y-o-Y Net Interest Income up 25 % Y-o-Y Operating profit up 27 % Y-o-Y Return on Assets (ROA) up at 1.90 % Capital Adequacy Ratio (CRAR) at 15.63 %…
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IndusInd Bank partners with SunTec to roll out GST
Posted on Thursday, August 31st, 2017 | By IndusInd Bank
Mumbai, August 31, 2017 – IndusInd Bank has partnered with SunTec Business Solutions to facilitate in computing and invoicing of Debit Tax and Credit Tax. This partnership would be targeted to enable IndusInd Bank with a smooth transition with the various drafts of the GST Act and provide uninterrupted service to its customers. This announcement…
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IndusInd Bank Q1 Net Profit up by 26 % to Rs. 836.55 crores, NIM stable at 4.00% Total business crosses Rs. 2,50,000 crores
Posted on Tuesday, July 11th, 2017 | By IndusInd Bank
Highlights Q1 FY 2017-18 A quarter of steadfast performance NIM stable at 4% Deposit growth up 31 % Y-o-Y Credit growth up 24% Y-o-Y Net Interest Income up 31% Y-o-Y Operating profit and Net Profit up 29% and 26% Y-o-Y respectively CASA up 44% Y-o-Y, SA rose 65% Y-o-Y Capital Adequacy Ratio (CRAR) at 16.18%…
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