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INDUSINDBK Share Price Discussion

IndusInd Bank Ltd.
NSE: INDUSINDBK | BSE: 532187 | ISIN: INE095A01012 | Sector: Banks

INDUSINDBK Rating

4.7/5 (25 Ratings)
INDUSINDBK Share Price *
313.4 -28.85 (-8.43%)
* (quote may be delayed)
Find answers to all your questions on live INDUSINDBK message board: Is INDUSINDBK buy or sell? Should I buy INDUSINDBK shares? Why are INDUSINDBK shares falling? Should I invest in INDUSINDBK stock?

You can also check INDUSINDBK share price target recommended by brokerages.

INDUSINDBK Discussion Forum

@newsbot • Reputation: 2,602
Kotak Mahindra Bank's deposits grow by 12% in Jan-March quarter despite Yes bank hangover
Until Yes Bank's collapse, new-age private banks were seen as preferred entities for several institutions, including government entities, due to competitive interest rates and tech-enabled customer services.
Moneycontrol
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#indusindbk is good to short below 328 for 324, 301 buy only above 350.
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@newsbot • Reputation: 2,602
Gainers & Losers: 10 stocks that moved most last week; ITC, RBL Bank, Lupin top charts
Experts suggest that 7,800 would be a crucial level to watch out for. If it breaks, then it could touch 2020's lows.
Moneycontrol
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@newsbot • Reputation: 2,602
RBI industrial outlook surveys confirm what bank NPA charts have been telling us for long
According to an RBI survey, consumer confidence, as measured by the current situation index, in early March 2020 remained broadly close to the all-time low.
Moneycontrol
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@newsbot • Reputation: 2,602
Yes Bank crisis, faltering economy weigh heavily on IndusInd Bank. Can it weather the storm?
On Friday, global rating agency, Moody’s placed IndusInd Bank's domestic and foreign currency issuer ratings of Baa3/P-3 under review for downgrade. This reflects likely deterioration in asset quality in a worsening economy
Moneycontrol
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@newsbot • Reputation: 2,602
IndusInd Bank seeks $500-750 mn 'confidence capital', says report
IndusInd Bank's promoters are reportedly considering diluting their stake by 5-10 percent.
Moneycontrol
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@nishasaini • Reputation: -742
INDUSINDBK

Type
Buy
Instrument
INDUSINDBK
Entry Price
₹315.6
Price@Trade
₹315.6
Target Price
₹470
Stop Price
₹270
Valid Till
Apr 15, 2020 3:20 AM
Margin
₹315.6 approx for 1 Qty
Status
Active
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@JetageMatrixSystems • Reputation: 182,194
J2K in INDUSINDBK
INDUSINDBK APR20 FUT
Trade entered: Buy INDUSINDBK APR20 FUT @319.15...
INDUSINDBK APR20 FUT

Type
Buy
Instrument
INDUSINDBK APR20 FUT
Entry Price
₹303  ₹310.65
Price@Trade
₹311.7
Target Price
₹455
Stop Price
₹211
Valid Till
Apr 30, 2020 3:20 AM
Status
Expired before entry
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Reply (2)
Latest replies
J2K @JetageMatrixSystems
Apr 3 8:17 AM

Update
Entry Price Modified
Price @ Update
₹318.25
Original Entry Price
₹303
New Entry Price
₹310.65
TrackerBot @trackerbot
Apr 3 9:11 AM

Update
Expired before entry
Price @ Update
₹314.65
@JetageMatrixSystems • Reputation: 182,194
J2K in INDUSINDBK
INDUSINDBK MAR20 FUT
New trade: Buy INDUSINDBK MAR20 FUT, CMP@314.2,...
INDUSINDBK APR20 FUT

Type
Buy
Instrument
INDUSINDBK APR20 FUT
Entry Price
₹319.15
Price@Trade
₹319.15
Target Price
₹455
Stop Price
₹210
Valid Till
Apr 30, 2020 3:20 AM
Margin
₹94,089.28 approx for 400 Qty
Status
Exited
Exit Price
₹320.05
Net P&L
0.38% Profit
testing futures vs options trading ...Highest risk ....please do not follow blindly
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J2K @JetageMatrixSystems
Apr 3 7:26 AM

Update
Exited
Exit Price
₹320.05
Net P&L
0.38% Profit
@niftystudy • Reputation: 132,481
INDUSINDBK

Type
Buy
Instrument
INDUSINDBK
Entry Price
₹321
Price@Trade
₹320.4
Target Price
₹570
Stop Price
₹210
Valid Till
Apr 2, 2021 3:20 AM
Margin
₹321 approx for 1 Qty
Status
Active
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Reply (1)
Latest replies
TrackerBot @trackerbot
Apr 3 5:03 AM

Update
Trade Entered
Entry Price
₹321
@MONEYMAKESMONEY • Reputation: -2,631
INDUSINDBK

Type
Buy
Instrument
INDUSINDBK
Entry Price
₹322.2
Price@Trade
₹322.2
Target Price
₹510
Stop Price
₹280
Valid Till
Apr 15, 2020 3:20 AM
Margin
₹322.2 approx for 1 Qty
Status
Active
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"ULTRA RISKY JACKPOT"
INDUSINDBK BUY @ 322 "CMP"
SL 320
TARGET "OPEN"
2
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Latest replies

-800/- SL HIT 😭
@bumblebee • Reputation: 4,359
INDUSINDBK APR20 300 PE

Type
Buy
Instrument
INDUSINDBK APR20 300 PE
Entry Price
₹62.5
Price@Trade
₹59
Target Price
₹72
Stop Price
₹55
Valid Till
Apr 3, 2020 3:20 AM
Status
Expired before entry
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reply
Reply (1)
Latest replies
TrackerBot @trackerbot
Apr 3 8:50 AM

Update
Expired before entry
Price @ Update
₹54.3
@walltimes • Reputation: 8,350
Wall Times in INDUSINDBK
INDUSINDBK APR20 FUT
New trade: Buy INDUSINDBK APR20 FUT, CMP@324, E...

326. Exit
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@walltimes • Reputation: 8,350
Wall Times in INDUSINDBK
INDUSINDBK APR20 FUT
New trade: Buy INDUSINDBK APR20 FUT, CMP@324, E...

Don't exit
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@walltimes • Reputation: 8,350
INDUSINDBK APR20 FUT

Type
Buy
Instrument
INDUSINDBK APR20 FUT
Entry Price
₹323
Price@Trade
₹324
Target Price
₹335
Stop Price
₹318
Valid Till
Apr 3, 2020 3:20 AM
Margin
₹101,562.16 approx for 400 Qty
Status
Stoploss Hit
Exit Price
₹318
Net P&L
-1.97% Loss
1
reply
Reply (2)
Latest replies
TrackerBot @trackerbot
Apr 3 3:04 AM

Update
Trade Entered
Entry Price
₹323
TrackerBot @trackerbot
Apr 3 3:08 AM

Update
Stoploss Hit
Exit Price
₹318
@nishasaini • Reputation: -742
INDUSINDBK

Type
Sell
Instrument
INDUSINDBK
Entry Price
₹328
Price@Trade
₹322.8
Target Price
₹298
Stop Price
₹351
Valid Till
Apr 3, 2020 3:20 AM
Status
Exited before entry
1
reply
Reply (1)
Latest replies
Nisha Saini @nishasaini
Apr 3 8:18 AM

Update
Exited before entry
Price @ Update
₹317.8
@Siddharth97 • Reputation: -168
INDUSINDBK

Type
Sell
Instrument
INDUSINDBK
Entry Price
₹317
Price@Trade
₹326.45
Target Price
₹280
Stop Price
₹350
Valid Till
Apr 3, 2020 3:20 AM
Margin
₹317 approx for 1 Qty
Status
Validity Over
Exit Price
₹311.85
Net P&L
1.62% Profit
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Latest replies
TrackerBot @trackerbot
Apr 3 3:09 AM

Update
Trade Entered
Entry Price
₹317
TrackerBot @trackerbot
Apr 3 8:50 AM

Update
Validity Over
Exit Price
₹311.85
Net P&L
1.62% Profit

INDUSINDBK - 698475
INDUSINDBK
After PNB and YESBANK I have only seen INDUSINBK getting their value eroded so fast. However, the Hinduja as a group is very strong but the management comments on recent developments spoiled the party for Bulls in INDUSINBK. The charts are looking bearish so far so, b...
Read more...
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A battered IndusInd Bank lays bare RBI’s financial stability challenge
The bank has revealed that it has lost 10% of its deposits since peer Yes Bank went belly up earlier this year.It also has exposure to vulnerable sectors in the wake of the lockdown to check the spread of covid-19
Livemint
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@databot • Reputation: 4,684

IIFL target on INDUSINDBK
Date: 31-Mar-20 Broker: IIFL Price @ Call: 351.9 Target: 650 Recommendation: BUY
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@databot • Reputation: 4,684

Nirmal Bang target on INDUSINDBK
Date: 31-Mar-20 Broker: Nirmal Bang Price @ Call: 351.9 Target: 623 Recommendation: BUY
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@newsbot • Reputation: 2,602
Nifty falls the most in FY20 since 2008 crisis; 5 stocks buck the trend
Investors lost Rs 37.59 lakh crore of wealth during the financial year 2020, most of which was in March
Moneycontrol
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@walltimes • Reputation: 8,350
Wall Times in INDUSINDBK
INDUSINDBK APR20 FUT
New trade: Buy INDUSINDBK APR20 FUT, CMP@336.5,...

343
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@prince • Reputation: -5,472
INDUSINDBK

Type
Sell
Instrument
INDUSINDBK
Entry Price
₹336
Price@Trade
₹337
Target Price
₹325
Stop Price
₹339
Valid Till
Apr 1, 2020 3:20 AM
Margin
₹336 approx for 1 Qty
Status
Stoploss Hit
Exit Price
₹339
Net P&L
-0.89% Loss
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Latest replies
TrackerBot @trackerbot
Apr 1 4:57 AM

Update
Trade Entered
Entry Price
₹336
TrackerBot @trackerbot
Apr 1 5:41 AM

Update
Stoploss Hit
Exit Price
₹339
@walltimes • Reputation: 8,350
INDUSINDBK APR20 FUT

Type
Buy
Instrument
INDUSINDBK APR20 FUT
Entry Price
₹337
Price@Trade
₹336.5
Target Price
₹365
Stop Price
₹329
Valid Till
Apr 1, 2020 3:20 AM
Margin
₹107,158.8 approx for 400 Qty
Status
Exited
Exit Price
₹337.15
Net P&L
0.06% Profit
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Reply (2)
Latest replies
TrackerBot @trackerbot
Apr 1 4:50 AM

Update
Trade Entered
Entry Price
₹337
Wall Times  @walltimes
Apr 1 5:11 AM

Update
Exited
Exit Price
₹337.15
Net P&L
0.06% Profit
@nishasaini • Reputation: -742
INDUSINDBK

Type
Buy
Instrument
INDUSINDBK
Entry Price
₹332.1
Price@Trade
₹332.1
Target Price
₹355
Stop Price
₹318
Valid Till
Apr 1, 2020 3:20 AM
Margin
₹332.1 approx for 1 Qty
Status
Exited
Exit Price
₹342.35
Net P&L
3.09% Profit
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Reply (1)
Latest replies
Nisha Saini @nishasaini
Apr 1 8:28 AM

Update
Exited
Exit Price
₹342.35
Net P&L
3.09% Profit
@prince • Reputation: -5,472

Sell INDSUNDBANK@334 SL 338 TGT 328-319-310 INTRDAY
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@prince • Reputation: -5,472

Sell INDSUNDBANK @335 SL 338 TARGET-320-315-310
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#ENRICHANSRAJ_PANDEY in INDUSINDBK
INDUSINDBK APR20 FUT
New trade: Sell INDUSINDBK APR20 FUT, CMP@362.3...

INDUSINDBK BANK FINAL TGT DONE BOOK HUGE PROFIT 🚀🚀🚀🚀
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@RRAngel • Reputation: 1,092
RR Trader in INDUSINDBK
Sell Indusind below 358 Tgt Open Sl 364 400 Lot...

Indusind Jackpot from 358 to 322
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@trader12 • Reputation: 11,914
INDUSINDBK MAY20 100 PE

Type
Buy
Instrument
INDUSINDBK MAY20 100 PE
Entry Price
₹10.95
Price@Trade
₹10.95
Target Price
₹50
Stop Price
₹0
Valid Till
May 28, 2020 3:20 AM
Margin
₹4,380 approx for 400 Qty
Status
Active
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Calls Analyst in INDUSINDBK
47-42-37 coming soon

All target achived
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#ENRICHANSRAJ_PANDEY in INDUSINDBK
INDUSINDBK APR20 FUT
New trade: Sell INDUSINDBK APR20 FUT, CMP@362.3...

Indusindbank 347 🚀🚀🚀🚀
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@RRAngel • Reputation: 1,092
RR Trader in INDUSINDBK
Sell Indusind below 358 Tgt Open Sl 364 400 Lot...

Indusind from 358 to 353👍
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#ENRICHANSRAJ_PANDEY in INDUSINDBK
INDUSINDBK APR20 FUT
New trade: Sell INDUSINDBK APR20 FUT, CMP@362.3...

Indusindbank bank made a low 353 till time 7points profit boon one time ♨️♨️♨️♨️
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@drhoney • Reputation: 5,131
INDUSINDBK APR20 FUT

Type
Sell
Instrument
INDUSINDBK APR20 FUT
Entry Price
₹362.05
Price@Trade
₹362.05
Target Price
₹310
Stop Price
₹372.8
Valid Till
Apr 30, 2020 3:20 AM
Margin
₹108,321.68 approx for 400 Qty
Status
Exited
Exit Price
₹332.6
Net P&L
10.88% Profit
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Reply (1)
Latest replies
Honey @drhoney
Apr 1 4:35 AM

Update
Exited
Exit Price
₹332.6
Net P&L
10.88% Profit
@newsbot • Reputation: 2,602
D-Street Buzz | Bank stocks suffer strong selloff; Nifty Bank index down 3%
Bank stocks are falling as investors fear that the lockdown triggered by COVID-19 will have a serious impact on businesses across the sectors and banks may see a rise in their bad loans due to this.
Moneycontrol
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INDUSINDBK

Type
Sell
Instrument
INDUSINDBK
Entry Price
₹365  ₹362.5
Price@Trade
₹362
Target Price
₹345
Stop Price
₹380
Valid Till
Apr 1, 2020 3:20 AM
Margin
₹362.5 approx for 1 Qty
Status
Exited
Exit Price
₹355.75
Net P&L
1.86% Profit
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Reply (3)
Latest replies
Calls Analyst @callsanalyst
Apr 1 3:37 AM

Update
Entry Price Modified
Price @ Update
₹360.55
Original Entry Price
₹365
New Entry Price
362.5
TrackerBot @trackerbot
Apr 1 3:38 AM

Update
Trade Entered
Entry Price
₹362.5
Calls Analyst @callsanalyst
Apr 1 4:10 AM

Update
Exited
Exit Price
₹355.75
Net P&L
1.86% Profit
@RRAngel • Reputation: 1,092

Sell Indusind below 358
Tgt Open
Sl 364
400 Lot Size
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INDUSINDBK APR20 FUT

Type
Sell
Instrument
INDUSINDBK APR20 FUT
Entry Price
₹360
Price@Trade
₹362.3
Target Price
₹330
Stop Price
₹371
Valid Till
Apr 1, 2020 3:20 AM
Margin
₹108,237.36 approx for 400 Qty
Status
Target Achieved
Exit Price
₹330
Net P&L
11.09% Profit
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Reply (2)
Latest replies
TrackerBot @trackerbot
Apr 1 3:27 AM

Update
Trade Entered
Entry Price
₹360
TrackerBot @trackerbot
Apr 1 4:31 AM

Update
Target Achieved
Exit Price
₹330

47-42-37 coming soon
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Calls Analyst in INDUSINDBK
370-365 coming soon

365 achived
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INDUSINDBK

Type
Sell
Instrument
INDUSINDBK
Entry Price
₹375
Price@Trade
₹369.3
Target Price
₹365
Stop Price
₹385
Valid Till
Apr 1, 2020 3:20 AM
Status
Exited before entry
1
reply
Reply (1)
Latest replies
Calls Analyst @callsanalyst
Apr 1 3:27 AM

Update
Exited before entry
Price @ Update
₹360.3
@nishasaini • Reputation: -742
INDUSINDBK

Type
Sell
Instrument
INDUSINDBK
Entry Price
₹360
Price@Trade
₹368.7
Target Price
₹250
Stop Price
₹395
Valid Till
Apr 13, 2020 3:20 AM
Margin
₹360 approx for 1 Qty
Status
Exited
Exit Price
₹330.5
Net P&L
8.19% Profit
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Reply (2)
Latest replies
TrackerBot @trackerbot
Apr 1 3:12 AM

Update
Trade Entered
Entry Price
₹360
Nisha Saini @nishasaini
Apr 1 4:32 AM

Update
Exited
Exit Price
₹330.5
Net P&L
8.19% Profit

370-365 coming soon
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INDUSINDBK

Type
Buy
Instrument
INDUSINDBK
Entry Price
₹376
Price@Trade
₹364
Target Price
₹400
Stop Price
₹366
Valid Till
Mar 31, 2020 3:20 AM
Status
Exited before entry
1
reply
Reply (1)
Latest replies
Calls Analyst @callsanalyst
Mar 31 5:50 AM

Update
Exited before entry
Price @ Update
₹357
@mohan-B1lZEEB1E • Reputation: -45,188
INDUSINDBK APR20 600 CE

Type
Buy
Instrument
INDUSINDBK APR20 600 CE
Entry Price
₹28.6
Price@Trade
₹28.6
Target Price
₹58
Stop Price
₹5
Valid Till
Apr 30, 2020 3:20 AM
Margin
₹11,440 approx for 400 Qty
Status
Exited
Exit Price
₹9.7
Net P&L
-66.08% Loss
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reply
Reply (1)
Latest replies
mohan @mohan-B1lZEEB1E
Apr 3 8:14 AM

Update
Exited
Exit Price
₹9.7
Net P&L
-66.08% Loss
@jjtechnicals • Reputation: 3,927

Very very risky sell Indus IND bank. @347-345 for 337,334,331+, SL 359
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@newsbot • Reputation: 2,602
IndusInd Bank deposits shrink by 10-11%, brokerages see tough road ahead
Some reduction in wholesale, possibly attributable to stock price fall is also a reason behind the fall in deposits.
Moneycontrol
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  • INDUSINDBK - Share Price - Fundamentals

    keyboard_arrow_down
    Market Capitalization107,775.5
    Enterprise Value286,741.09
    Price to Earnings29.9
    Price to Book Value4.59
    Return on Capital Employed0.07
    Return on Equity0.15
    Face Value10
    Dividend YieldNA
  • INDUSINDBK Share Price - Technicals

    keyboard_arrow_down
    INDUSINDBK - 52 Week High₹1,823.75
    INDUSINDBK - 52 Week Low₹235.55
  • INDUSINDBK - Brokerage Reports

    keyboard_arrow_down
    DateBrokerageCallTarget
    31-Mar-20Nirmal BangBuy623
    31-Mar-20IIFLBuy650
    22-Jan-20Hem SecuritiesHold1,470
    16-Jan-20ICICIdirect.comBuy1,700
    15-Jan-20Prabhudas LilladherAccumulate1,640
    INDUSINDBK Brokerage Price Target
  • INDUSINDBK Share Price - Historical (₹)

    keyboard_arrow_down
    DateOpenHighLowClose
    Apr 3350350310.2313.2
    Apr 1386.4390320342.25
    Mar 31398399330.75351.3
    Mar 30370427.7370413.4
    Mar 27479.45538.55392.35411.1
  • INDUSINDBK Share Price - Daily Moving Averages (DMA)

    keyboard_arrow_down
    20 Day Moving Average₹563.28
    30 Day Moving Average₹755.08
    50 Day Moving Average₹964.24
    100 Day Moving Average₹1,219.23
    200 Day Moving Average₹1,305.16
  • INDUSINDBK - Profit And Loss

    keyboard_arrow_down
    CONSOLIDATEDMar-18Mar-17 % Change
    Revenue17,28014,405.670.2
    Operating Profit10,7258,721.950.23
    Profit Before Tax5,4804,359.680.26
    Net Income3,6052,867.890.26
  • INDUSINDBK - Balance Sheet

    keyboard_arrow_down
    CONSOLIDATEDMar-18Mar-17 % Change
    Shareholder's Funds23,46420,256.330.16
    Total Liabilities198,430158,603.370.25
    Total Assets221,895178,859.70.24
  • INDUSINDBK - Cash Flow

    keyboard_arrow_down
    CONSOLIDATEDMar-18Mar-17 % Change
    Cash from Operating Activity-20,70011,569.3-2.79
    Cash from Investing Activity-217-284.67-0.24
    Cash from Financing Activity15,505-2,768.25-6.6
    Net Cash Flow-5,4128,516.38-1.64
  • INDUSINDBK - Ratios

    keyboard_arrow_down
    CONSOLIDATEDMar-18Mar-17
    Return on Assets0.020.02
    Return on Equity0.150.14
    Return on Capital Employed0.070.08
  • INDUSINDBK - 3 year Growth

    keyboard_arrow_down
    3 Year CAGR Growth in Revenue0.78
    3 Year CAGR Growth in Operating Profit0.6
    3 Year CAGR Growth in EBIDTA0.7
    3 Year CAGR Growth in Net Income1.01
    3 Yr CAGR Growth - Diluted EPS0.77
  • INDUSINDBK - 5 year Growth

    keyboard_arrow_down
    5 Year CAGR Growth in Revenue1.47
    5 Year CAGR Growth in Operating Profit1.13
    5 Year CAGR Growth in EBIDTA1.42
    5 Year CAGR Growth in Net Income2.4
    3 Yr CAGR Growth - Diluted EPS1.96
  • INDUSINDBK - Recent News

    keyboard_arrow_down
    NewsBot
    Today 8:33 AM
    Kotak Mahindra Bank's deposits grow by 12% in Jan-March quarter despite Yes bank hangover
    Moneycontrol
    NewsBot
    Yesterday 1:38 AM
    Gainers & Losers: 10 stocks that moved most last week; ITC, RBL Bank, Lupin top charts
    Moneycontrol
    NewsBot
    Apr 4 6:53 AM
    RBI industrial outlook surveys confirm what bank NPA charts have been telling us for long
    Moneycontrol
    NewsBot
    Apr 3 11:48 AM
    Yes Bank crisis, faltering economy weigh heavily on IndusInd Bank. Can it weather the storm?
    Moneycontrol
    NewsBot
    Apr 3 9:08 AM
    IndusInd Bank seeks $500-750 mn 'confidence capital', says report
    Moneycontrol
    NewsBot
    Apr 1 9:43 AM
    Nifty falls the most in FY20 since 2008 crisis; 5 stocks buck the trend
    Moneycontrol
    NewsBot
    Apr 1 3:53 AM
    D-Street Buzz | Bank stocks suffer strong selloff; Nifty Bank index down 3%
    Moneycontrol
    NewsBot
    Mar 31 4:28 AM
    IndusInd Bank deposits shrink by 10-11%, brokerages see tough road ahead
    Moneycontrol
    NewsBot
    Mar 27 1:53 AM
    F&O expiry: April series rollover at 62.12%, 9 stocks see short build-up
    Moneycontrol
    NewsBot
    Mar 26 4:03 AM
    IndusInd Bank share zooms 30%; Europacific Growth Fund sells 35.8 lakh shares
    Moneycontrol
  • INDUSINDBK - Related Communities

    keyboard_arrow_down
    Sector: Index
    YES Bank Ltd. Sector: Banks
    State Bank of India Sector: Banks
    HDFC Bank Ltd. Sector: Banks
    Axis Bank Ltd. Sector: Banks
    ICICI Bank Ltd. Sector: Banks
    Kotak Mahindra Bank Ltd. Sector: Banks
    Punjab National Bank Sector: Banks
    Bank of Baroda Sector: Banks
    RBL Bank Ltd. Sector: Banks
  • INDUSINDBK - More Information

    keyboard_arrow_down

    IndusInd Bank Ltd:
    IndusInd Bank Limited offers several products from the banking sector. These services are offered to the Indians who are mainly NRIs as well as the corporate, business owners, and institutions which deal with the different financial services. This organization also provides its services to different governmental departments.
    IndusInd Bank Limited provides wholesale and corporate banking, retail banking and other functions and operations regarding the banking industry. Even corporate salary, savings accounts as well as the current account is also provided by the organization.
    IndusInd Bank Limited also provides loans against assets and properties. The organization provides loans regarding the medical equipment, business loans, and loans in exchange for the credit scores. The bank has more than 1600 branches all over the world, and this organization also has more than forty corporate offices. This bank also has 2545 ATMs in India. The bank started its organizational operations in 1994 and is headquartered in Mumbai.
    About Company Information:
    In the year of 1994, IndusInd Bank Limited started their organization operations in India. Srichand P Hinduja, a leading NRI businessman, promoted the bank. Mr Hinduja was the owner of the Hinduja group, which was famous for their quality of service to the clients and the perseverance of the owner. The bank started their journey with the 1000 million rupees which were funded by both Indians and the NRIs. The bank started internet banking in India for the first time.
    During 2002- 2003, IndusInd Bank Limited collaborated with Moneygram international limited and USA-based financial institution Zoha Inc. This collaboration was made because of the easy transaction of the money on the internet through online portals. This bank was the pioneer of using the Electronic Funds Transfer Scheme of the Reserve Bank. In the same year, the IndusInd information Technology limited became the first subsidiary company of the bank, and it had increased its network outlets at the end of the year.
    During 2003-2004, IndusInd Bank Limited had inaugurated their office, which is used as the representative office. The bank also started its debit card services, which were considered as the power card. In this period, the organization opened its eight branches and two of the extension of their counters of the banking services. The installation of the 31 ATMs had also been done in the same year. In 2004 a huge move was carried by the bank as Ashok Leyland Finance Limited had been merged with the bank.
    During 2004-2005, the IndusInd Bank Limited had signed a contract of clearing banker with the NCDEX. This merger had been considered as one of the most productive moves of the bank as the merger offered many banking or financial products such as the top-up services of the mobile phones, Mahila card as well as the online bill payments and so on. The bank also signed a bilateral contract with UTI bank, which helped the customers of the bank to use the ATMs of the UTI bank.
    In 2008, IndusInd Bank limited possessed a portfolio of the Microfinance from another famous company named SKS Microfinance. The bank also completed an agreement with the World Gold Council. This merger was too much beneficial for the promotions of the ingots and gold coins in India. This promotional scheme was certainly effective as the increase in the sales of gold is evident in India. The bank also signed an agreement with TVS Motors as the bank was providing the finance for the inventory of the Motor Company.
    In 2007, IndusInd Bank limited had gone through a merger with the Bharat Finances, which helped to strengthen the financial inclusion in different companies. The Bharat Finance inclusion was a wholly-owned subsidiary company of the bank, and it provided their services to over 1 Lakh villages.
    How Indusind Bank Ltd, categorised under Financial Sector and Finance - Private Banking Industry:
    The Financial sector is a section that leads the world in terms of equity market capitalization and earnings. The companies that are in the economic enterprise focus mainly on managing money, as their revenue is generated mostly by the sectors from mortgage and loans that gain value as interest rates rise. Also, this industry's economy is made up of institutions and firms that provide financial services to wholesale and retail customers.
    The main sectors that are into the Financial industry are,
    • Accounting and Bookkeeping.
    • Financial Markets and Planning.
    • Banking and General Financial Services.
    • Mortgage and Financial Broking.
    • Insurance and Superannuation.
    • Specialised Financial Services.
    Indusind Bank Ltd comes under the Private Banking industry. The banking industry is one of the active areas in India, which makes a significant portion of the growth of a country’s GDP. The banking industry in India is of great importance in Asia and also throughout the World because of its steady performance in the market.
    Indusind Bank Ltd, Competitors and Sector Peers:
    Axis Bank Ltd - AXIBAN
    Bandhan Bank Ltd -BANBAN
    Bank of Rajasthan Ltd.[Merged] - BANOFR
    Centurion Bank of Punjab Ltd.[Merged] - CENTUB
    City Union Bank Ltd. - CITUNI
    DCB Bank Ltd. - DEVCRE
    Dhanlaxmi Bank Ltd. - DHABAN
    Federal Bank Ltd. - FEDBAN
    HDFC Bank Ltd. - HDFBAN
    ICICI Bank - ICICIBANK
    IDFC First Bank Ltd. - IDFCB
    ING Vysya Bank Ltd.[Merged] - INGVYS
    Jammu & Kashmir Bank Ltd. - JAMKA
    Karnataka Bank Ltd. - KARBAN
    Karur Vysya Bank Ltd. - KARVYS
    Kotak Mahindra Bank Ltd. - KOTAMA
    Lakshmi Vilas Bank Ltd. - LAKVIL
    RBL Bank Ltd.- RATBAN
    South Indian Bank Ltd. - SOUINB
    YES Bank - YESBANK
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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