
Why IndusInd Bank shares are trading higher today
The stock price got a boost amid a report that Hinduja Group may increase its stake in IndusInd Bank to 26% from the existing 16.51%.
The stock price got a boost amid a report that Hinduja Group may increase its stake in IndusInd Bank to 26% from the existing 16.51%.
HDFC Bank shares have gained 7.4% in the last six trading days, hitting a 9-month high of ₹1,702 intraday today.
Axis Bank has reported a 62% YoY rise in its net profit at ₹5,853 crore in Q3 FY23, aided by improvement in operating metrics and asset quality.
Reacting to Q3 earnings, Federal Bank shares gained as much as 1.9% to ₹142.85 intraday today.
The country’s largest private sector lender has reported double-digit growth in its net profit, driven by strong improvement in interest income as well as lower provisions.
Shares of IndusInd Bank hit an intraday high and low ₹1,273.20 and ₹1,206.25, respectively, in the volatile trade.
The private lender has received a ₹801 crore binding bid from an ARC for the written-off portfolio with an outstanding of ₹8,897 crore.
City Union Bank had reported gross NPAs for FY22 as ₹2,192 crore, while RBI assessed it to be ₹1,933 crore, resulting in a divergence of ₹259 crore.
Thanks to recent surge in share prices, YES Bank jumped to 92nd position in overall m-cap ranking on the BSE.
The private lender plans to raise funds by issuing unsecured, rated, listed, subordinated, taxable, non-convertible, Basel III compliant Tier II bonds