In a dramatic setback, IndusInd Bank reported a steep 39% decline in its second-quarter net profit, rattling investors and resulting in a significant drop in its stock price. Despite these challenges, financial analysts continue to rally behind the bank, maintaining their ‘buy’ recommendation on IndusInd Bank, citing optimism around a recovery in margins and a […]
In a remarkable demonstration of growth and resilience, Tata Power, a major player in India’s energy sector, has reported its highest-ever quarterly profit of ₹1,533 crore for Q2FY25, marking a 51% year-on-year increase. The company also achieved an EBITDA of ₹3,808 crore, a 23% YoY growth, propelled by expanded solar manufacturing and favourable regulatory conditions. […]
IndusInd Bank has once again partnered with the International Cricket Council (ICC) to offer a memorable experience to young cricket fans through the Anthem Buddies programme at the ongoing ICC Men’s T20 World Cup 2024, held across the USA and West Indies. This initiative provides children the chance to walk onto the field with their […]
In a significant stride towards enhancing customer banking experience, Poonawalla Fincorp Limited, in partnership with IndusInd Bank, has launched the ‘IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card’. This co-branded credit card is designed to redefine and elevate the banking experience, catering to the evolving financial needs of customers. A Milestone in Financial Solutions […]
IndusInd Bank Limited, a prominent financial institution in India, announced its financial results for the fiscal year ending March 31, 2024. The bank reported a net profit of ₹8,977 crores for the year, marking a significant increase of 21% from the previous year’s ₹7,443 crores. This growth is attributed to a robust loan growth of […]
IndusInd Bank today marked a significant milestone as the first bank to execute the Reserve Bank of India’s programmable Central Bank Digital Currency (CBDC) pilot. The project, in collaboration with Circularity Innovation Hub India Private Limited (CIH), involved the disbursement of programmable CBDCs to 50 farmers in the Ratnagiri district of Maharashtra, aimed at generating […]
In a significant collaboration aimed at enhancing livestock healthcare and welfare, IndusInd Bank and its 100% subsidiary, Bharat Financial Inclusion Limited (BFIL), have signed a Memorandum of Understanding (MoU) with the State Government of Uttar Pradesh. This partnership is part of their social initiative, the Bharat Sanjeevani Program, focusing on the Western Uttar Pradesh region. […]
IndusInd Bank Limited has released its financial results for the quarter and nine months ended December 31, 2023, revealing a notable performance with substantial growth. The bank’s consolidated financial results demonstrate a robust increase in several key areas. Key Financial Highlights – Net Interest Income (NII) Growth: IndusInd Bank’s NII saw an 18% year-on-year increase, […]
In a significant move to enhance dining experiences, IndusInd Bank, in collaboration with EazyDiner, has announced the launch of the ‘EazyDiner IndusInd Bank Platinum Credit Card.’ This card, distinct as an entry variant from their existing co-branded credit card, comes with no joining or annual fees and a suite of benefits designed for food enthusiasts. […]
IndusInd Bank, in partnership with the National Payments Corporation of India (NPCI), has announced the launch of the ‘IndusInd Bank Samman RuPay Credit Card’, a pioneering financial tool designed exclusively for government sector employees. This launch is a testament to IndusInd Bank’s dedication to innovation and customer-centricity, blending traditional credit card benefits with the advanced […]