Easing Middle East worries, stable earnings power Indian shares to weekly gains Reuters India
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Category: IndusInd Bank
Broker’s call: IndusInd Bank (Buy)
Target: ₹1,995CMP: ₹1,445.85IndusInd Bank (IIB) reported a PAT of ₹2,350 crorein Q4-FY24, growing by 15 per cent y-o-y and 2.2 per cent q-o-q driven by lower credit cost. It was above than our estimate of ₹2,300 crore. NII grew by 15.1 per cent y-o-y and 1.5 per cent q-o-q, however it was slightly lower than our estimates. Margin profile of the bank was stable over the last six-seven quarter, NIM came in at 4.26 per cent in the quarter and is expected to go up as contribution increases of higher yield loans. PPOP grew by 7.6 per cent y-o-y and 0.6 per cent q-o-q, was below than our estimates.
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Source: https://www.thehindubusinessline.com/markets/brokers-call-indusind-bank-buy/article68110138.ece/amp/
Stock Market Live Updates: Sensex, Nifty, Gift Nifty, Crude Oil, Nasdaq, Dow Jones | News on Markets
Closing Bell on April 26: After starting higher on Friday, equity markets had an anti-climatic end today dragged by Bajaj Finance, Bajaj Finserv, Nestle India, IndusInd Bank, M&M, Kotak Mahindra Bank, JSW Steel, Maruti Suzuki, HCL Tech, and SBI. The markets, thus, snapped their five-day losing streak as these heavyweight stocks tumbled between 1 per cent and 8 per cent. The S&P BSE Sensex declined 609 points, or 0.28 per cent, to end at 73,730. The NSE Nifty50, too, ended at 22,420, down 150 points or 0.67 per cent. The broader markets, on the contrary, outperformed the frontline indices as the BSE MidCap and SmallCap indices ended 0.83 per cent and 0.27 per cent higher,…
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Brokerages Upbeat But Cut EPS Estimates
Brokerages have cut their earnings-per-share estimates for IndusInd Bank Ltd. as the lender saw an uptick in its operating expenses in the March quarter. The lender has delivered strong asset quality numbers with a sharp reduction in slippage ratio during the period. HSBC Global Research cut its EPS estimates by 2–3.5%, while Jefferies India Pvt. trimmed its estimates by 2%.The EPS cuts are driven by increases in operating expenses, HSBC said in a note on Friday. “We increase our estimate for cost-to-income ratio for FY25–27 to reflect further investments required in branches, digital initiatives, and hiring.”Citi expects the lender’s core pre-provision-operating-profit growth to…
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Q4 Results 2024 LIVE Updates: Bajaj Finance, Nestle India, IndusInd Bank, Vedanta, Tech Mahindra, more to … – MSN
Q4 Results 2024 LIVE Updates: Bajaj Finance, Nestle India, IndusInd Bank, Vedanta, Tech Mahindra, more to … MSN
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15 फीसदी बढ़ा नेट मुनाफा, NPA में गिरावट; 16.50 रुपये के डिविडेंड का भी ऐलान
IndusInd Bank Q4FY24 Results: हिंदुजा ग्रुप (Hinduja Group) की सब्सिडियरी कंपनी इंडसइंड बैंक (IndusInd Bank) ने आज वित्त वर्ष 24 की चौथी तिमाही (Q4FY24) के लिए रिजल्ट्स जारी कर दिए हैं। एक्सचेंजों को दी गई जानकारी में कंपनी ने बताया कि Q4FY24 में उसका नेट मुनाफा 15 फीसदी बढ़कर 2,349 करोड़ रुपये हो गया है। जबकि पिछले साल…
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Q4 results today: Bajaj Finance, IndusInd Bank, Tech Mahindra among 38 companies to report Q4 earnings on April 25 – MSN
Q4 results today: Bajaj Finance, IndusInd Bank, Tech Mahindra among 38 companies to report Q4 earnings on April 25 MSN
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Healthy loan growth likely to aid IndusInd Bank’s income, profit in Q4: Analysts
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IndusInd Bank is likely to clock 11 percent year-on-year (YoY) growth in net profit to Rs 2,261 crore in the January-March quarter (Q4FY24), backed by healthy interest income, as per average estimate of five brokerages. Net interest income is expected to see 18 percent YoY rise to Rs 5,496 crore, driven by strong credit growth.
IndusInd Bank is slated to report Q4 results on April 25, 2024. So far this year, the stock of this private lender has declined over seven percent, underperforming three-percent gain in…
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IndusInd Bank announces successful execution of RBI’s programmable CBDC pilot – The Financial Express
IndusInd Bank announces successful execution of RBI’s programmable CBDC pilot The Financial Express
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Amid fading Indian CBDC interest, IndusInd Bank launches programmable farmer pilot – Ledger Insights
Local reports indicate the Reserve Bank of India is looking for ways to address the lack of interest in the central bank digital currency (CBDC). Additionally, yesterday IndusInd Bank said it has executed the first programmable digital rupee pilot.
So far fifty farmers in Maharashtra have received payment with the programmable CBDC in return for recycling agricultural waste and hence generating Circularity Credits, a type of carbon credit. The plan is to expand the pilot to 1000 farmers. The programmable aspect is the funds carry restrictions regarding how they’re spent.
Circularity Innovation Hub…
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