indusind bank - Latest News, Analysis, Opinion - BW Businessworld

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IndusInd Bank Soars On Reporting 30% Rise In Q1 Consolidated Net Profit

In the quarter ended 30 June 2023, IndusInd Bank reported a significant 32.45 per cent rise in net profit, amounting to Rs. 2123.62 crore

NCLAT Sets Aside Appeal As Zee Entertainment, IndusInd Bank Settle Payment Issue

In February, IndusInd Bank had sought insolvency proceedings against Zee by approaching the bankruptcy court

Hinduja Group May Invest Rs 10,000 Cr In IndusInd Bank: Report

The deal is likely to be sealed by the second half of the financial year 2024

IndusInd Bank PAT Jumps 50% YoY To Rs 2,040 Cr

Banking & Finance Banking

Gross non-performing assets, however, increased to Rs 5,826.27 crore in Q4 from Rs 5517.15 crore in the March 2022 quarter

IndusInd Bank’s Q4 Profit Soars 46% In FY23

The bank’s full year profit was at Rs 7,443 crore – up 55 per cent YoY and Net Worth of the Bank is in excess of Rs 50,000 crore at Rs 52,848 crore

Zee Entertainment To Repay $10 Mn To IndusInd Bank To Complete Sony Deal

The lender's dues of approximately Rs 837 million (USD 10 million) could be settled as early as Friday, and the Mumbai-based bank has agreed to withdraw its insolvency proceedings

IndusInd Bank To Facilitate Digital Transactions On E-NAM For Agri Value Chain Participants

SFAC is also implementing CSS on “Formation & Promotion of 10000 FPOs” across the country, besides facilitating Venture Capital Assistance and Credit Guarantee scheme benefits to Small & Marginal farmers of the country, according to the official statement.

IndusInd Bank Moves NCLT To Initiate Insolvency Proceedings Against Zee Ent

Companies & Markets Sector Reports

IndusInd Bank has claimed a default of Rs 83.08 crore against the media and entertainment firm

IndusInd Bank, NPCI Tie Up To Simplify Cross-border Remittances Through UPI

Banking & Finance Banking

Indians can now get remittance money from their foreign sources in a much easier way as IndusInd Bank has tied up with NPCI to facilitate cross-border money transfer by using UPI IDs of beneficiaries.

IndusInd Bank Partners With NPCI To Offer Cross-border Payments Via UPI

With this initiative, IndusInd Bank has become the first Indian bank to go live on UPI for Cross Border Payments/NRI remittances. The MTOs will use its channel to connect with NPCI’s UPI payment systems for validation and cross-border payment settlement into beneficiary accounts.

RBI Grants Approval To LIC To Up Stake In IndusInd Bank To Nearly 10%