Indusind Bank Ltd

IndusInd Bank has signed a Memorandum of Understanding (MoU) with the Enterprise Incubation Centre at Indian Institute of Management Lucknow (IIML-EIC) to empower startups through a combination of customized financial and innovation-led support solutions. The MoU is a significant step towards encouraging a robust 'banking and beyond banking' ecosystem, promoting innovation and sustainable growth for startups across sectors and stages. It reflects IndusInd Bank's ongoing commitment to bolster the startup ecosystem and support their growing contribution to the Indian economy. The MoU aims to support Indian startups across various stages and sectors by providing access to customized banking solutions, including cash management services, working capital support, and credit facilities'enabling them to manage their financial operations with greater efficiency. In addition, startups will gain exclusive access to IndusInd Bank's extensive network and strategic ecosystem partnerships, helping them enhance visibility, attract investments, and concentrate on innovation and scalable growth. As part of the collaboration, IndusInd Bank will conduct a series of workshops and knowledge sessions to build startup capabilities across key financial areas. These sessions will cover Basics of banking, Equity infusion, ESOP implications, Segment-based funding etc. Additionally, the Bank will offer operational support such as payroll and attendance management solutions to start ups as a part of the MoU. The Bank will also facilitate co-sponsorship opportunities for startup-focused seminars and conclaves organized by IIML-EIC. The incubation centre will play a facilitative role by connecting startups to the Bank, sharing relevant details, and helping bridge access to the full range of services.Powered by Capital Market - Live

IndusInd Bank Ltd is up for a third straight session today. The stock is quoting at Rs 848.7, up 1.44% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.12% on the day, quoting at 25133.1. The Sensex is at 82476.63, up 0.04%. IndusInd Bank Ltd has gained around 7.63% in last one month. Meanwhile, Nifty Bank index of which IndusInd Bank Ltd is a constituent, has gained around 2.32% in last one month and is currently quoting at 56839.6, down 0.3% on the day. The volume in the stock stood at 73.09 lakh shares today, compared to the daily average of 100.79 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 848.1, up 1.25% on the day. IndusInd Bank Ltd is down 42.7% in last one year as compared to a 8.03% jump in NIFTY and a 14.01% jump in the Nifty Bank index.The PE of the stock is 24.66 based on TTM earnings ending March 25.Powered by Capital Market - Live

In the the post-monetary policy press conference today, RBI Deputy Governor J Swaminathan and Governor Sanjay Malhotra noted that the bank has taken corrective steps, including leadership changes, and that the situation should stabilize soon. IndusInd Bank had earlier reported a Rs 1979 crore impact from misaccounted internal derivative trades and reversed Rs 674 crore in misreported microfinance interest. With the resignation of CEO Sumant Kathpalia and his deputy, the RBI believes the matter is largely under control. IndusInd Bank offers a wide range of products and services for individuals and corporates, including microfinance, personal loans, personal and commercial vehicle loans, credit cards and SME loans. IndusInd Bank reported a standalone net loss of Rs 2,235.99 crore in Q4 FY25 as against a net profit of Rs 2,346.84 crore posted in Q4 FY24. Total income declined 22.83% year on year to Rs 11,342.65 crore in Q4 March 2025. Powered by Capital Market - Live

IndusInd Bank has allotted 1,400 equity shares under ESOS on 02 June 2025. The Paid up Share Capital of the Bank has accordingly increased from. Rs. 7,790,544,720 (779,054,472 equity shares of Rs.10/- each) to Rs. 7,790,558,720 (779,055,872 equity shares of Rs.10/-each). Powered by Capital Market - Live

IndusInd Bank received credit ratings from CRISIL as under: Infrastructure Bonds (Rs 1500 crore) - CRISIL AA+ (continues on rating watch Negative) Basel III compliant Tier 2 Bonds (Rs 4000 crore) - CRISIL AA+ (continues on rating watch Negative) Short Term Fixed Deposit Programme - CRISIL A1+ (reaffirmed) Certificate of Deposits (Rs 40000 crore) - CRISIL A1+ (reaffirmed) Powered by Capital Market - Live

The regulator found that these individuals sold shares while in possession of unpublished price sensitive information (UPSI), thereby avoiding losses estimated at approximately Rs 19.78 crore. The case pertains to discrepancies in IndusInd Bank's derivative portfolio that came to light internally in late 2023, following a revised RBI directive on derivative accounting. According to SEBI, internal communications indicated that by December 2023, the bank had estimated a potential adverse financial impact of Rs 1,572 crore, or 2.35% of its net worth. However, this information was not disclosed to the stock exchanges until 10 March 2025. Following the delayed disclosure, IndusInd Bank's share price crashed 27% on 11 March 2025, to its lowest level since November 2020. SEBI's preliminary findings revealed that Kathpalia and Deputy CEO Arun Khurana, along with three other senior executives, sold substantial quantities of shares just prior to the public announcement. Kathpalia sold 1.25 lakh shares, while Khurana sold over 3.48 lakh shares. None of these trades were reported as part of a pre-approved trading plan. SEBI has frozen the bank and demat accounts of the individuals to the extent of the gains made and has prohibited them from trading in securities until further notice. The accused have also been instructed to submit detailed financial and asset disclosures within 15 days. The investigation is ongoing, with SEBI continuing to examine potential disclosure violations and the involvement of additional individuals. The regulator emphasized that these interim measures are aimed at preserving market integrity and investor confidence. IndusInd Bank reported a standalone net loss of Rs 2,235.99 crore in Q4 FY25 as against a net profit of Rs 2,346.84 crore posted in Q4 FY24. Total income declined 22.83% year on year to Rs 11,342.65 crore in Q4 March 2025. Shares of IndusInd Bank rose 2.41% to settle at Rs 824.15 on the BSE. Powered by Capital Market - Live

The Nifty May 2025 futures closed at 24,665.10, a premium of 55.40 points compared with the Nifty's closing 24,609.70 in the cash market. In the cash market, the Nifty50 jumped 203.75 points or 0.82% to 24,609.70. The NSE's India VIX, a gauge of market's expectation of volatility over the near term, down 1.65% to 17.26. IndusInd Bank, Bombay Stock Exchange (BSE) and Reliance Industries were the top traded individual stock futures contracts in F&O segment of NSE. The May 2025 F&O contracts will expire on 29 May 2025.Powered by Capital Market - Live

Total income declined 22.83% year on year to Rs 11,342.65 crore in the quarter ended 31 March 2025. The bank's financial results include the financial results of its wholly owned subsidiary, Bharat Financial Inclusion (BFIL), a business correspondent (BC) of the bank involved in originating small-ticket MFI loans for the bank, and IndusInd Marketing and Financial Services Private (IMFS), an associate of the bank. The private lenders reported consolidated net loss of Rs 11,342.65 crore in Q4 FY25 as against a net profit of Rs 2,349.15 crore in Q4 FY24. Operating expenses during the quarter were at Rs 4,248.04 crore, up 11.70% YoY. On the asset quality front, the bank's gross non-performing assets (NPAs) stood at Rs 11,046.39 crore as on 31 March 2025, as against Rs 6,693.38 crore as on 31 March 2024. The gross NPA were at 3.13% of gross advances as on 31 March 2025 as against 1.92% as on 31 March 2024. Net Non-Performing Assets were 0.95% of net advances as on 31 March 2025, compared to 0.57% as on 31 March 2024. The provision coverage ratio was consistent at 70% as at 31 March 2025. Provisions and contingencies (other than tax) for the year ended 31 March 2025 were Rs 7,136 crores, compared to Rs 3,885 crores for the corresponding quarter of previous year. The bank's total deposits stood at Rs 4,10,862 crore as on 31 March 2025, registering a 6.83% increase from Rs 3,84,586 crore a year earlier. CASA deposits were at Rs 1,34,789 crore, with current account deposits at ₹40,764 crore and savings account deposits at Rs 94,025 crore. The CASA ratio stood at 32.8% as of March 31, 2025. Retail deposits, as per the Liquidity Coverage Ratio (LCR) framework, rose 9% year-on-year to Rs 1,85,180 crore from Rs 1,69,441 crore as on 31 March 2024. As of March 31, 2025, the bank's distribution network comprised 3,081 branches and banking outlets, along with 3,027 onsite and offsite ATMs, compared to 2,984 branches and 2,956 ATMs as of 31 March 2024. The bank's client base reached 41 million as of 31 March 2025. On a full-year basis, the company's net profit plunged 71.31% to Rs 2,575.54 crore, despite a 2.20% increase in total income, which rose to Rs 56,358.1 crore in FY25 compared to FY24. Net Interest Income for FY25 stood at Rs 19,031 crore, compared to Rs 20,616 crore in FY24. Fee and other income for FY25 stood at Rs 7,690 crore, compared to Rs 9,396 crore in FY24. The bank's pre-provision operating profit (PPOP) stood at Rs 3,601 crore in the December quarter, down 10.91% from Rs 4,042 crore reported in the same period a year ago. Sunil Mehta, the chairman of the board of directors, IndusInd Bank said, 'The Board and the Management acknowledge that the lapses happened have been unfortunate for an institution like our Bank. However, the Board along with the management has shown a strong resolve to address all the identified issues in timely and comprehensive manner. The Bank has a robust Networth and balance sheet even after absorbing impact from all the past anomalies. The learnings from these incidents will be imbibed to reinforce the governance and compliance culture of the organisation. The Bank at its core has profitable business model and it will pivot towards sustainable growth as we put this episode behind us. The Bank would like to express its gratitude to the regulators and particularly the RBI for its support and guidance in helping navigating these challenging times.' Soumitra Sen and Anil Rao, the members of the committee of executives, IndusInd Bank said, 'The Bank's core competencies remain strong which allows it to take these challenges in its stride. We are confident that the Bank will emerge stronger as the foundation will become robust incorporating the learnings from recent events. The management is committed to ensure interests of all the stakeholders are protected and deliver on the near and long term growth agenda with unrelenting focus on governance. We are thankful to the Board for their continued guidance and direction, all the employees who have ensured smooth customer service in current times, the regulators as well as shareholders in helping the franchise and we look forward to their continued support.' IndusInd Bank was incorporated in 1994 as a commercial bank under the Banking Regulation Act, 1949. The Bank is publicly held and provides a wide range of banking products and financial services to corporate and retail clients besides undertaking treasury operations. The Bank operates in India including at the International Financial Service Centres in India. Shares of IndusInd Bank rose 0.67% to Rs 776.30 on the BSE.Powered by Capital Market - Live

IndusInd Bank Ltd fell 4.15% today to trade at Rs 739.1. The BSE BANKEX index is down 0.39% to quote at 62270.34. The index is down 2.41 % over last one month. Among the other constituents of the index, Axis Bank Ltd decreased 0.46% and HDFC Bank Ltd lost 0.35% on the day. The BSE BANKEX index went up 13.93 % over last one year compared to the 9.57% surge in benchmark SENSEX. IndusInd Bank Ltd has lost 6.16% over last one month compared to 2.41% fall in BSE BANKEX index and 2.17% rise in the SENSEX. On the BSE, 2 lakh shares were traded in the counter so far compared with average daily volumes of 4.82 lakh shares in the past one month. The stock hit a record high of Rs 1550 on 19 Jun 2024. The stock hit a 52-week low of Rs 605.4 on 12 Mar 2025.Powered by Capital Market - Live

Net loss of IndusInd Bank reported to Rs 2328.87 crore in the quarter ended March 2025 as against net profit of Rs 2349.15 crore during the previous quarter ended March 2024. Total Operating Income declined 12.83% to Rs 10633.84 crore in the quarter ended March 2025 as against Rs 12198.53 crore during the previous quarter ended March 2024. For the full year,net profit declined 71.31% to Rs 2575.54 crore in the year ended March 2025 as against Rs 8977.30 crore during the previous year ended March 2024. Total Operating Income rose 6.38% to Rs 48667.66 crore in the year ended March 2025 as against Rs 45748.21 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Total Operating Income10633.8412198.53 -13 48667.6645748.21 6 OPM %36.3361.03 -52.3460.58 - PBDT-3012.963131.31 PL 3525.7511979.20 -71 PBT-3012.963131.31 PL 3525.7511979.20 -71 NP-2328.872349.15 PL 2575.548977.30 -71 Powered by Capital Market - Live