HDFC Bank group gets RBI nod to acquire 9.50% stake in 6 banks
Private bank to acquire 9.50% stake in Axis Bank, Suryoday Small Finance Bank, ICICI Bank, Bandhan Bank, Yes Bank, and IndusInd Bank
Private bank to acquire 9.50% stake in Axis Bank, Suryoday Small Finance Bank, ICICI Bank, Bandhan Bank, Yes Bank, and IndusInd Bank
Loan book grows 20%, asset quality metrics stable; CEO says bank continues to participate in country’s healthy economic outlook
Appellate tribunal allows Axis Bank to invoke shares pledged; asks exchanges to compensate other banks
The RBI on October 11 gave approval to SBI Mutual Fund to acquire 9.99% of the paid-up share capital in IndusInd Bank.
NCLAT, Chennai, on September 13, 2023, passed an order terminating CIRP proceedings against CDGL and set aside NCLT order
IDBI Trusteeship has filed an application of "default" against the company before NCLT over alleged default of ₹228 cr
IndusInd Bank reported 32% YoY rise in net profit in Q1 FY24, driven by strong net interest income (NII) and dip in provisions.
IndusInd Bank's gross NPAs were 1.94% of gross advances as of Q1 FY24, and net NPAs accounted for 0.58% of net advances; deposits up 15% YoY
Hinduja group firm IndusInd International Holdings will also use capital to fund its proposed acquisition of Reliance Capital.
IndusInd Bank topped the losers' chart, followed by Bank of Baroda, Axis Bank, HDFC Bank, ICICI Bank, Federal Bank, and Kotak Bank, among others.