IndusInd Bank Ltd

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INDUSINDBK •
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Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
52W Low on Aug 03, 2023
-2.8
TTM PE Ratio
Above industry Median
12.4
Price to Book Ratio
Above industry Median
1.8
Dividend yield 1yr %
Below industry Median
1.2
TTM PEG Ratio
PEG TTM is less than 1
0.6
RSI
RSI is mid-range
43.2
MFI
MFI is mid-range
56.4

IndusInd Bank Ltd Key Financials

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*All values are in ₹ Cr.

*All values are in ₹ Cr.

*All values are in ₹ Cr.

*All values are in ₹ Cr.

IndusInd Bank Ltd shareholding Pattern

Promoter
16.4%
Foreign Institutions
38.4%
Mutual Funds
19.9%
Domestic Institutions
30.2%
Public
15%
Promoter
16.4%
Foreign Institutions
40.2%
Mutual Funds
17.8%
Domestic Institutions
28.6%
Public
14.8%
Promoter
16.4%
Foreign Institutions
42.5%
Mutual Funds
15.6%
Domestic Institutions
26.7%
Public
14.4%
Promoter
16.5%
Foreign Institutions
41.5%
Mutual Funds
16.4%
Domestic Institutions
28.7%
Public
13.4%
Promoter
16.5%
Foreign Institutions
42.3%
Mutual Funds
15.2%
Domestic Institutions
26.7%
Public
14.5%
Promoter
16.5%
Foreign Institutions
42.2%
Mutual Funds
15.6%
Domestic Institutions
27%
Public
14.3%

IndusInd Bank Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
0
Bearish Moving Averages
16
5Day EMA
1,441.40
10Day EMA
1,443.60
12Day EMA
1,445.40
20Day EMA
1,452.20
26Day EMA
1,455.70
50Day EMA
1,464.70
100Day EMA
1,475.20
200Day EMA
1,458.70
5Day SMA
1,442.80
10Day SMA
1,437.60
20Day SMA
1,457.00
30Day SMA
1,471.20
50Day SMA
1,456.80
100Day SMA
1,481.50
150Day SMA
1,506.40
200Day SMA
1,495.70
Delivery & Volume
Resistance & Support
1,437.82
Pivot
Resistance
First Resistance
1,446.63
Second Resistance
1,460.82
Third Resistance
1,469.63
Support
First Support
1,423.63
Second support
1,414.82
Third Support
1,400.63
Relative Strength Index
43.19
Money Flow Index
56.35
MACD
-10.31
MACD Signal
-9.50
Average True Range
27.46
Average Directional Index
20.43
Rate of Change (21)
-6.27
Rate of Change (125)
-14.07
Peer comparison
Compare
Company
Market Price
Market Cap
52W Low
52W High
Bank of Baroda
129439.2
185.75
298.45
Canara Bank
102362.3
63.88
129.35
IDBI Bank Ltd.
95567.35
56.61
98.7
Indian Overseas Bank
121750.44
25.7
83.8
Punjab National Bank
128223.28
58.6
142.9
Union Bank of India
103511.69
84.85
172.45

IndusInd Bank Ltd Company background

Founded in: 1994
Managing director: Sumant Kathpalia
IndusInd Bank Ltd is one of the new generation private sector banks in India. The Banks business lines include corporate banking, retail banking, treasury and foreign exchange, investment banking, capital markets, nonresident Indian/highnetworth individual banking, and information technology. The Bank business divisions include Retail/ Consumer Banking, Consumer Finance, Global Markets Group, Corporate Commercial Banking, Transaction Banking Group and Investment Banking. The Bank have representative offices in London, Dubai and Abu Dhabi.The bank provides multichannel facilities, which includes automated teller machines (ATMs), net banking, mobile banking, phone banking, multicity banking and international debit cards. The Bank has multilateral tieups with other banks providing access to more than 18000 ATMs for their customers. They enjoy clearing bank status for both major stock exchanges BSE and NSE and three major commodity exchanges in the country MCX, NCDEX, and NMCE. They also offer DP facilities for stock and commodity segments.IndusInd Bank Ltd was incorporated in the year 1994 and was promoted by Mr Srichand P Hinduja, a leading NonResident Indian businessman and head of the Hinduja Group. The Bank started their operations with a capital amount of Rs 1,000 million among which Rs 600 million was donated by the Indian Residents and Rs.400 million was raised by the NonResident Indians. The bank is a pioneer in launching internet banking. They are rated as one of the Top Performing Banks in various survey reports. During the year 200102, the Bank increased their network from 36 to 77. During the year 200203, the Bank entered into electronic money transfer arrangements with MoneyGram International Ltd, USA and Zoha Inc USA for attracting beneficiaries of small value remittance from overseas. Thus, they became the first to implement the RBIElectronic Funds Transfer scheme. Also, they entered into bullion trading activities and financial services to Indian entities setting up joint ventures and whollyowned subsidiaries abroad.IndusInd Enterprises Finance Ltd, a NonBanking Finance company and one of the promoters of the Bank amalgamated with the Bank with effect from July 11, 2003. As a result, IndusInd Information Technology Ltd became a subsidiary of the Bank. During the year, the bank increased their network to 127 from 77 outlets.During the year 200304, the Bank opened their representative office in Dubai. They launched their debit card with the name International Power Card. They opened 8 new branches and 2 new extension counters during the year. Also, a total of 31 new ATMs were installed, which includes 15 onsite ATMs and 16 offsite ATMs. Ashok Leyland Finance Ltd, a leading NonBanking Finance company merged with the Bank with effect from June 11, 2004.During the year 200405, the Bank signed an agreement with NCDEX as clearing banker. They launched various innovative products and services, which includes International Mahila Card, Mobile Topups, Utility Bill Payment etc. They opened second representative office in London. Also, the Bank entered bilateral tieup with Corporation Bank and with UTI Bank, in which the Banks customer can utilize their ATMs across the country.During the year 200607, the Bank added a number of new business and product lines which includes the launch of Indus Gold and Indus Gift Card and ERemittance facility. They made a tieup with Religare Securities for extending Portfolio Management services. They also made a tie up with Aviva Life Insurance for bancassurance. The Bank opened 33 branches and set up 41 offsite ATMs during the year.During the year 200708, the Bank signed an agreement with National Multi Commodity Exchange Ltd (NMCE) to become their clearing bank. They made a strategic tieup with Religare Securities for offering a valueadded 3in1 savings accountslinked package to customers comprising a savings bank account, a depository account, and an Internet trading account. Also, they made a strategic partnership with Cholamandalam MS for bancassurance. During the year 200708, the Bank was awarded the highest A1+ rating for their Certificates of Deposit by ICRA and the highest P1+ rating for their Fixed Deposits and Certificates of Deposit by CRISIL. They also received recognition by BSE and NASSCOM Foundation for the Best Corporate Social Responsibility Practice Category. In July 2008, the Bank was awarded The Smart Workplace Award by Economic Times in association with Acer and Intel for enhancing the productivity of the employees through optimum use of resources as well as technology.During the year 200809, the Bank launched various new products and services which were targeted at building wealth management capabilities as well as enhancing the existing banking channels. The Bank launched the Gold and Investment verticals, which contributed in excess of Rs 5 crore of revenue in the first year of operations. They also launched two new channels Wealth Relationship Managers and the Central Acquisition Team (CAT). The Bank commenced the process of opening new look branches to enhance the banking experience of customers and to provide personal attention to their needs. They already opened five branches with the new look at Bandra, Kolkata, Ludhiana, Vadodara and Lucknow. The Consumer Banking opened their new Administrative Office in Gurgaon. Also, the Banks Consumer Finance Division moved into their own fourstorey building at G. N. Chetty Road in Chennai.In August 2008, the Bank acquired the microfinance portfolio from SKS Mircofinance. In October 2008, they signed a copartner agreement with World Gold Council for joint promotion of packaged and certified gold coins and ingots in India. In November 2008, the Bank entered into an agreement with TVS Motor Company where the Bank will provide structured inventory funding to TVS Motors dealers. In January 2009, they entered into a MoU with CRISIL to rate the Banks clients.During the year 200910, the Bank opened 30 new branches and 141 ATMs as a part of the strategy of expanding banking network to different locations in the country. The Bank relaunched the NonResident (NR) business, which acquired 12,000 new NR clients within a short span and also mobilized significant FCNR book and savings account book. During the year, the Corporate Office in Mumbai moved into new spacious premises at One Indiabulls Centre, Elphinstone Road (W), Mumbai. The Bank continued the process of opening newlook branches/offsite ATMs at various locations, viz., branches in Chennai, Secunderabad, Phagwara, Coimbatore, Pune, Hapur and offsite ATMs in 114 locations enhancing the customer experiences at primary touchpoints.During the year 201011, the Bank opened 90 new branches and set up 97 ATMs. As at the year ended March 31, 2011, the Bank had a total of 300 branches spread across 212 geographical locations and 594 ATMs, inclusive of 340 offsite ATMs. In October 2011, the Bank entered into an arrangement with Moscowbased commercial bank JCB Unistream for India bound remittances. In February 2011, they signed MoU with Mahindra Mahindra Ltd in which the Bank will be one of the preferred financiers for the entire range of vehicles sold by Mahindra Mahindra Ltd and also extend passenger and commercial vehicle finance to their customers. In June 2011, the Bank signed an agreement with Atos Worldline India (Venture Infotek) for point of sale (POS) acquiring solutions.During the year 201112, the Bank opened 100 new branches and 106 ATMs. As at the end of the year, the Bank had a total of 400 branches spread across 270 geographical locations and 692 ATMs inclusive of 345 offsite ATMs. The Bank launched three new services: CashonMobile, Direct Connect and Quick Redeem during the year. These new services are aimed at making banking easy and convenient for the customers.The Bank purchased the Credit Cards business of Deutsche Bank during the year. The launch of IndusInd Banks Credit Cards business through this acquisition has fast tracked the Cards business growth plans.On 24 July 2012, IndusInd Bank and Suzuki Motorcycle India Pvt. Ltd. (SMIPL) signed MOU whereby IndusInd Bank will be the preferred financier to extend retail finance to SMIPLs two wheeler customers across the country. On 16 August 2012, IndusInd Bank announced the launch of its foreign currency prepaid travel card the Indus Forex card. On 13 December 2012, IndusInd Bank announced the successful implementation of Finacle core banking across all its branches to facilitate the delivery of stateoftheart banking services. IndusInd Bank on 1 April 2013 was included in the NIFTY 50 benchmark index of the National Stock Exchange (NSE). On 29 May 2013, IndusInd Bank and American Express announced the formation of a strategic partnership with the launch of the new IndusInd Bank Iconia American Express credit card.On 4 August 2014, Jet Airways, Indias premier international airline, and IndusInd Bank announced a strategic partnership to launch a suite of Jet Airways IndusInd Bank cobranded credit cards. On 29 September 2014, IndusInd Bank inaugurated its first digital branch at IndusInd Cybercity Rapid Metro station, Gurgaon. With this launch, IndusInd Bank became the first bank in India to have a fully digital branch at a metro station, whose branding rights are owned by the bank.On 10 April 2015, IndusInd Bank announced that it has entered into an agreement with Royal Bank of Scotland N.V. to acquire its diamond and jewellery financing business in India and related deposits portfolio. On 27 July 2015, IndusInd Bank announced that it had completed the acquisition of Royal Bank of Scotlands diamond and jewellery financing business in India. The acquired loan portfolio is approximately Rs 4100 crore. On 20 May 2015, Worldpay, the global leader in payments, announced that it has partnered with IndusInd Bank to offer domestic acquiring services in India. On 3 July 2015, IndusInd Bank completed the allotment of 5.12 crore equity shares to Qualified Institutional Buyers (QIBs) at issue price of Rs 845 per share, thereby raising Rs 4327.98 crore. On 6 August 2016, IndusInd Bank completed the allotment of 87.81 lakh equity shares to the promoters of the bank on a preferential basis at issue price of Rs 857.20 per equity share, thereby raising Rs 752.74 crore. On 12 January 2016, IndusInd Bank announced that it has partnered with online payment solution leader PayU India to redefine the digital experience for Indian consumers, by bringing the full suite of consumer banking products online and powering the same through payment innovations and online ecosystems enabled by PayU India. On 23 May 2016, IndusInd Bank announced that it had signed a Corporate Agency agreement for distributing Reliance General Insurances insurance products to its customers. On 12 July 2016, IndusInd Bank announced the opening of an International Banking Unit (IBU) at the Gujarat International Finance TecCity (GIFT City) to meet the requirements of offshore banking operations from India. IndusInd Banks International Banking Unit (IBU) will provide the bank access to international financial markets and will allow IndusInd Bank to deliver a complete range of products to its clients with foreign currency funding requirements.On 14 March 2017, IndusInd Bank announced that it has entered into an agreement with Infrastructure Leasing and Financial Services Ltd. (ILFS), the promoter shareholders of ILFS Securities Services Ltd., (ISSL), to acquire 100% of ISSL. ISSL is a leading capital market intermediary for professional clearing, depository and custodial services. On 29 March 2017, IndusInd Bank announced extension of its agreement with Lohia Auto Industries. IndusInd Bank would be the s preferred financier for retail vehicle finance for all Lohia 3wheeler electric and diesel models. On 8 June 2017, Overseas Private Investment Corporation (OPIC) and IndusInd Bank executed a finance agreement for a 225 million loan supporting the expansion of the IndusInd Banks micro, small, and medium enterprise (MSME) lending programs across India. On 15 September 2017, Asian Development Bank (ADB) signed a loan of up to 200 million with IndusInd Bank to provide finance to low income women borrowers in rural India. The 7year senior loan will go towards IndusInd Banks microfinance activities.On 14 October 2017, IndusInd Bank and Bharat Financial Inclusion announced a merger of the two entities to create a stronger and more sustainable platform for financial inclusion. The scheme contemplates merger of Bharat Financial with IndusInd and simultaneous transfer of Bharat Financial Inclusions Business Correspondent operations into a Wholly Owned Subsidiary of IndusInd to be incorporated after receipt of requisite regulatory approvals. Bharat Financial Inclusions shareholders will receive 639 shares of IndusInd Bank for every 1,000 shares of Bharat Financial Inclusion. Bharat Financial Inclusion is among the largest microfinance companies in India with presence across 16 states covering 1 lakh villages.In the Extraordinary General Meeting held on August 25, 2020, the members approved Preferential Allotment of equity shares of Rs. 10 each, fully paid, at a price of Rs. 524 per equity share, to five Qualified Institutional Buyers and two corporate entities including one of the promoters. Accordingly, 4,76,29,768 equity shares were allotted on September 2, 2020 to Qualified Institutional Buyers and 1,51,17,477 equity shares were allotted on September 4, 2020 to two corporate entities, pursuant to approval of Finance Committee on respective dates. Consequently, the equity share capital of the Bank increased by Rs. 62.75 crores.Pursuant to Composite Scheme of Arrangement with Bharat Financial Inclusion Limited, the Bank allotted 1,57,70,985 Share Warrants to the Promoters of the Bank on July 6, 2019, on receipt of subscription amount at 25% of the price of Rs. 1,709 per Share Warrant. Each Share Warrant was convertible to one equity share of the Bank fully paid, upon exercise of the option by paying the remaining amount. On February 18, 2021, the promoters exercised the option of conversion and paid Rs. 2,021.45 crores, being the remaining consideration of 75% of the price of Share Warrants. Consequently, the Bank allotted 1,57,70,985 equity shares of Rs 10 each fully paid at a price of Rs 1,709 per equity share, and the share capital increased by Rs 15.77 crores and share premium by Rs 2,679.49 crores.As on 31 March 2022, the bank had a network of 2265 branches and 2767 ATMs across the country. The Bank added 250 branches during the year, increasing the branch count to 2,265.As on March 31, 2022, the Bank held Assets Under Management (AUM) of Rs. 2,22,255 crores of its customers through products like Mutual Funds, Portfolio Management Service (PMS), Alternate Investment Fund (AIF) and Demat. The Bank also mobilised insurance premium of Rs. 2,372 crores for Life and NonLife products, for the year ended March 31, 2022. The Bank launched Green Deposits for its retail and bulk customers.As on 31 March 2023, the bank had a network of 2606 branches and 2878 ATMs across the country. The Bank added 341 branches during the year, increasing the branch count to 2606.As on March 31, 2023, the Bank held Assets Under Management (AUM) of Rs. 1,82,208 crores of its customers through products like Mutual Funds, Portfolio Management Service (PMS), Alternate Investment Fund (AIF) and Demat accounts.
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IndusInd Bank Ltd FAQs

The past 1-year return of IndusInd Bank Ltd [INDUSINDBK] share was 0.92. The IndusInd Bank Ltd [INDUSINDBK] share hit a 1-year low of Rs. 1354.7 and a 1-year high of Rs. 1694.35.

The Mutual Fund Shareholding was 19.91% at the end of .

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