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07 April 2020

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IndusInd Bank Ltd (Banks - Private Sector)

Last Price 383.85
Net Changes 70.65
Volume 45710953
Prev Close 313.20
383.85 70.65 (22.56%)
Date: Apr 07,2020 EOD




Index Details Banks - Private Sector


Chart

Stock Price Details

Market Statistics

Open Price 344.55 Div Yield (%) 1.7
Buy (Size) 390.10(×101) Eps(Rs) 64.54
Sell (Size) 391.55(×30) Book Value (Stand.)(Rs) 468.74
Value 73799751100 Book Value(conso.)(Rs) 469.0142462
Buy Quantity 101 Market Cap(Rs.Cr) 26635.24
Sell Quantity 30 Face Value(Rs) 10
Today's High 391.55 Market Lot 1
Today's Low 344.55 AGM Date Aug
52-Week High 1822.15 Book Closure Date Aug
52-Week Low 235.6 ISIN No. INE095A01012

Share Holding Pattern

  No Of shares % Share Holding
Total Foreign (Promoter & Group) 90375939 13.04
Indian (Promoter & Group) 0 0.00
Total of Promoter 90375939 13.04
Non Promoter (Institution) 440912259 63.62
Non Promoter (Non-Institution) 97100562 14.01
Total Non Promoter 538012821 77.63
Total Promoter & Non Promoter 628388760 90.67
Custodians(Against Depository Receipts) 64681464 9.33
Grand Total 693070224 100.00

Company News

04-Apr-2020  Moody's Investors Service takes ratings action on four Indian...
Moody's Investors Service takes ratings action on four Indian Banks

Moody's Investors Service has affirmed the deposit ratings of ICICI Bank (ICICI) and Axis Bank (Axis) at Baa3, and of IDBI Bank (IDBI) at Ba2.

Moody's has also placed IndusInd Bank's (IndusInd) domestic and foreign currency issuer ratings of Baa3/P-3 under review for downgrade. The bank's ba1 baseline credit assessment (BCA) and adjusted BCA have also been placed under review for downgrade.

The baseline credit assessment (BCA) and adjusted BCA of ICICI and Axis are affirmed at ba1. The BCA and adjusted BCA of IDBI has also been affirmed at b2.

Moody's has also downgraded the counterparty risk assessments (CR assessments) of Axis and ICICI to Baa3(cr)/P-3(cr) from Baa2(cr)/P-2(cr), and the local currency counterparty risk rating (CRR) of Axis and ICICI to Baa3/P-3 from Baa2/P-2.

At the same time, the outlooks for ICICI and Axis are revised to negative from stable, and for IDBI to stable from positive.

03-Apr-2020  IndusInd Bank Ltd - News Report In ET On Capital Raise
IndusInd Bank Ltd - News Report In ET On Capital Raise

As a policy, we do not comment on market speculation. The Bank is well capitalised with Tier 1 ratio of 15% and Capital Adequacy Ratio of 15.43% (with 9M FY20 profit). There is no specific transaction under consideration by the Board of the Bank at this stage. We stay committed to evaluate alternatives from time to time that may benefit our stakeholders. As is our practice, anything to be disclosed under LODR or applicable regulations will be duly disclosed. You may have noted that the Promoters of the Bank have applied to the Reserve Bank of India for increasing their permissible holdings to 26%. On a fully diluted basis the Promoters of the Bank have a holding of 14.68% which is very close to the current regulatory cap of 15%. If there are any updates around the same, we will keep the stakeholders informed.
01-Apr-2020  IndusInd Bank Ltd - Announcement under Regulation 30 (LODR)-An...
IndusInd Bank Ltd - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Disclosure under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) Pursuant to Regulation 30 of Listing Regulations, please find below the Schedule of Institutional Investor(s) / Analysts meeting(s) /call(s) held on March 31, 2020 in Mumbai. Sr. No. Name of Institutional Investor(s) / Analyst(s) 1 Generation Investment Management LLP A copy of latest Investor Presentation has already been forwarded to the Stock Exchanges and is placed on the website of the Bank. In compliance with the Regulation 46, the information is being hosted on the Banks website at www.indusind.com. Kindly take the above information on record and oblige.
01-Apr-2020  IndusInd Bank Ltd - Disclosure Under SEBI (Listing Obligations...
IndusInd Bank Ltd - Disclosure Under SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 (Listing Regulations).

We forward herewith a copy of communication received from Induslnd Ltd., Mauritius, Promoter of the Bank, regarding making of full repayment of the Loan by IndusInd Ltd., Mauritius to Citibank, London yesterday, March 31, 2020, and the pledge of 23.8 million equity shares of IndusInd Bank Ltd. shall be released by Citibank, London, today. IndusInd Ltd., Mauritius is now a debt-free entity.
01-Apr-2020  IndusInd Bank Ltd - Announcement under Regulation 30 (LODR)-An...
IndusInd Bank Ltd - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Disclosure under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) Pursuant to Regulation 30 of Listing Regulations, please find below the Schedule of Institutional Investor(s) / Analysts meeting(s) /call(s) held on April 1, 2020 in Mumbai. Sr. No. Name of Institutional Investor(s) / Analyst(s) 1 Mirabillis Investment Trust A copy of latest Investor Presentation has already been forwarded to the Stock Exchanges and is placed on the website of the Bank. In compliance with the Regulation 46, the information is being hosted on the Banks website at www.indusind.com. Kindly take the above information on record and oblige
31-Mar-2020  IndusInd Bank slumps after deposits shrink by 10-11%
IndusInd Bank slumps after deposits shrink by 10-11%

The bank said that the withdrawal in the government related accounts is largely related to general private sector bank stance. This withdrawal will also result in lower CASA ratio, but it will reduce the bank's dependency on this category for deposits in future.

It further said that some deposits reduction in the wholesale category was attributable to stock price fall. The reduction in retail deposits is the least compared to the above two categories, the private lender said.

The bank said that currently deposits are more stable and flows recommenced and added that net interest margins (NIMs) are expected to remain stable.

The bank added that it has replaced it outflows by inflows through longer duration refinance/forex borrowings swapped to Indian rupee, bank certifications of deposit and term money borrowings, repo of excess Statutory Liquidity Ration/Non-SLR securities and through call money (both interbank borrower and lender as a balancing figure).

The bank said it did not dip into other lines of credit like the Marginal Standing Facility (MSF). Liquidity Cover Ratio (LCR) is maintained at a daily average of 112% in March in line with the bank's historical range.

The lender also said that the moratorium granted by the RBI should help its portfolio in various segments.

The bank expects its commercial vehicle segment (12% of loans) to bounce back rapidly from disruption once the situation normalises as it is fully linked to economy.

The bank expects the operation of its micro finance business (10% of loans) to bounce back as history has shown strong collections on resumption (98% for recent Kerala floods and 96% for demonetisation).

The bank's personal and credit card loans (5% of loans) are likely to see higher delinquencies. However, it senses normalcy soon after situation stabilises.

In business banking (6% of loans), less than 8% portfolio is in impacted sectors like retail, tour travel, etc.

For loan against property segment (5% of loans), the portfolio is granular, very well secured and distributed.

The bank expects NBFCs segment (3% of loans) to witness some elevation in delinquencies if disruption is for more than 3 months.

Going ahead, the management would focus more on balance sheet realignment rather than growth. The immediate priority is to consolidate and build resilience.

The management team would be largely intact, but some tweaks on structure and accountability is expected. Employees to be incentivised appropriately, but there could be a change in mix of fixed/variable besides malus/clawback provisions where applicable, the private lender said.

IndusInd Bank's standalone net profit jumped 32% to Rs 1,300.20 crore on a 25.5% surge in total income to Rs 9,073.93 crore in Q3 December 2019 over Q3 December 2018.

IndusInd Bank is engaged in banking and para-banking services. The bank is involved in accepting deposits, such as savings accounts, current accounts and fixed deposits, and banking solutions.

31-Mar-2020  IndusInd Bank Ltd leads losers in 'A' group
IndusInd Bank Ltd leads losers in 'A' group

RBL Bank Ltd, Yes Bank Ltd, Bandhan Bank Ltd and TCNS Clothing Co. Ltd are among the other losers in the BSE's 'A' group today, 31 March 2020.

IndusInd Bank Ltd tumbled 13.83% to Rs 354.65 at 14:52 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 21.98 lakh shares were traded on the counter so far as against the average daily volumes of 11.66 lakh shares in the past one month.

RBL Bank Ltd crashed 9.40% to Rs 136.35. The stock was the second biggest loser in 'A' group.On the BSE, 7.75 lakh shares were traded on the counter so far as against the average daily volumes of 11.73 lakh shares in the past one month.

Yes Bank Ltd lost 8.45% to Rs 22.75. The stock was the third biggest loser in 'A' group.On the BSE, 30 lakh shares were traded on the counter so far as against the average daily volumes of 244.51 lakh shares in the past one month.

Bandhan Bank Ltd slipped 6.05% to Rs 203.35. The stock was the fourth biggest loser in 'A' group.On the BSE, 5.15 lakh shares were traded on the counter so far as against the average daily volumes of 4.94 lakh shares in the past one month.

TCNS Clothing Co. Ltd shed 5.44% to Rs 326. The stock was the fifth biggest loser in 'A' group.On the BSE, 920 shares were traded on the counter so far as against the average daily volumes of 16375 shares in the past one month.

31-Mar-2020  IndusInd Bank Ltd - Announcement under Regulation 30 (LODR)-An...
IndusInd Bank Ltd - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Disclosure under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) In Compliance to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation 2015, we hosted a conference call with the Investors, Analysts and our Banks management on March 30, 2020. The audio recording of the call is available at: https://www.indusind.com/content/dam/indusind/FinancialTimeline/2019-20/Quarter4/ADF2320200330113289.mp3 In compliance with the Regulation 46, the information is being hosted on the Banks website at www.indusind.com. Kindly take the above information on record and oblige.
31-Mar-2020  IndusInd Bank Ltd - Payment of Interest
IndusInd Bank Ltd - Payment of Interest

Indusind Bank Ltd has informed BSE regarding 'Payment of Interest'.
30-Mar-2020  IndusInd Bank receives reaffirmation in credit ratings from CR...
IndusInd Bank receives reaffirmation in credit ratings from CRISIL

IndusInd Bank has received reaffirmation in credit ratings from CRISIL as under -

Rs.1,500 crore Infrastructure Bond issue - CRISIL AA+/Stable (Reaffirmed)
Rs.2,000 crore Tier-I bonds (under Basel III) - CRISIL AA/Stable (Reaffirmed)
Rs.1,000 crore Tier-I bonds (under Basel III) - CRISIL AA/Stable (Reaffirmed)
Rs.1,000 crore Tier-I bonds (under Basel III)- CRISIL AA/Stable (Reaffirmed)
Rs.40,000 crore Certificates of Deposits - CRISIL A1+ (Reaffirmed)
Short-Term Fixed Deposit Programme - CRISIL A1+ (Reaffirmed)

Incorporation Year 1994 
Registered Office 2401 General Thimmayya Road,Cantonment,
Pune,
Maharashtra-411001
Telephone 91-20-2623 4000 / 10 
Fax 91-20-2634 3241 
Chairman ARUN TIWARI
Managing Director Sumant Kathpalia
Company Secretary Haresh K Gajwani 
Auditor S R Batliboi & Co LLP/Haribhakti & Co LLP 
Face Value(Rs) 10 
Market Lot
Listing BSE,Luxembourg,MSEI,NSE 
Registrar Link Intime India Pvt Ltd
C-101 247 Park,L B S Marg,Vikhroli West,Mumbai-400083 
Toll Free number: 1800-425-5501 / 1800-103-5501
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