IndusInd banks on PE corporations for $500-$750 mn of self perception capital

MUMBAI: The Hinduja family backed IndusInd Bank is looking to raise as much as $500-750 million “confidence capital” from marque global investors to soothe investor nerves frayed by worries over rising bad loans due to the Covid-19 outbreak and outflow of about a tenth of its deposits after the collapse of Yes Bank. The private…

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A battered IndusInd Monetary institution lays bare RBI’s financial stability disclose

A battered IndusInd Monetary institution lays bare RBI’s financial stability disclose

MUMBAI: India’s private sector banks are facing their toughest test yet, with a virus outbreak putting their earnings at risk even as the collapse of a peer has raised serious questions over deposits. IndusInd Bank is the worst hit right now. The bank’s stock has slumped over 10% so far Tuesday after it revealed, in…

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IndusInd Financial institution deposits shrink by 10-11%, brokerages gaze tricky avenue forward

IndusInd Financial institution deposits shrink by 10-11%, brokerages gaze tricky avenue forward

Shares of IndusInd Bank hit 15 percent lower circuit at Rs 349.85 in the early trade on BSE on March 31, a day after the private lender said its deposits were down by around 11 percent.Of the total fall in deposits since Q3FY20, 70 percent was through state government deposits and 30 percent was via corporate deposits.”Deposits…

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IndusInd Bank Says Deposits Fell 11% After A Order Withdrew Funds

IndusInd Bank Says Deposits Fell 11% After A Order Withdrew Funds

Bloomberg the Company & Its ProductsThe QuintBloomberg Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s…

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Why IndusInd Bank rallied 30% in early substitute on Thursday

Why IndusInd Bank rallied 30% in early substitute on Thursday

Stocks PALAK SHAH Mumbai | Updated on March 26, 2020 Published on March 26, 2020 The share price of IndusInd Bank, which had been falling consistently on market fears that the bank witness the same fate as Yes Bank, gained 30 per cent in less than one hour of Thursday’s trading session. Among the key…

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IndusInd Monetary institution share zooms 30%; Europacific Growth Fund sells 35.8 lakh shares

IndusInd Monetary institution share zooms 30%; Europacific Growth Fund sells 35.8 lakh shares

The stock price hit upper circuit of Rs 331.30. There were pending buy orders of 43,821 shares, with no sellers available. Share price of IndusInd Bank jumped 30 percent intraday on March 26 and is the top index gainer.The scrip has fallen by 64.5 percent in March so far in the midst of the COVID-19 pandemic.Europacific Growth Fund…

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How IndusInd Bank Changed into once Caught In A Ideal Storm

Dark blue storm clouds hangover grain silos in rural Illinois, U.S. (Photographer: Daniel Acker/Bloomberg)  Shefali Malik@shef_malikBookmarkMar 26 2020, 6:21 AMMar 26 2020, 6:21 AMMarch 26 2020, 6:21 AMMarch 26 2020, 6:21 AMIndusInd Bank Ltd.’s shares have crashed 72 percent, the most among peers, since March 5 after the banking regulator seized control of struggling Yes…

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