IndusInd Bank is known for its customer-centric approach and innovative digital banking solutions. The bank has been recognized with numerous awards for its technological advancements and commitment to providing a seamless banking experience.
In recent years, IndusInd Bank has focused on expanding its digital offerings, launching user-friendly mobile banking apps and online platforms. This emphasis on digital innovation has enabled the bank to cater to the evolving needs of its tech-savvy customers.
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Upcoming Q3 earnings: Kotak Bank, BHEL, IndiGo, and Hind Zinc set to announce results next week – here are the key dates
The week starting January 19 is expected to be a busy one for corporate earnings, with several major companies across various sectors announcing their financial results for the quarter ended December 31, 2025. On Monday, January 19, Punjab National Bank (PNB), IRFC, LTIMindtree, Bharat Heavy Electricals (BHEL), Hindustan Zinc, and Havells India are among the companies that will report their earnings. Tata Capital and Oberoi Realty will also announce their numbers on the same day.
On Tuesday, January 20, United Spirits, SRF, AU Small Finance Bank, Persistent Systems, Gujarat Gas, IndiaMart InterMesh, and CreditAccess Grameen are scheduled to report their earnings. Wednesday, January 21, will see results from Dr Reddy’s Laboratories, Tata Communications, Dalmia Bharat, Hindustan Petroleum (HPCL), Bank of India, UTI Asset Management, and Canara HSBC Life Insurance.
Thursday, January 22, will feature results from InterGlobe Aviation (IndiGo), DLF, Bandhan Bank, CAMS, Coforge, and Home First Finance. On Friday, January 23, JSW Steel, Bharat Petroleum (BPCL), IndusInd Bank, Cipla, Adani Green Energy, Urban Company, and Piramal Finance will announce their numbers. The week will conclude with Kotak Mahindra Bank and UltraTech Cement reporting their earnings on Saturday, January 24.
Some of the key companies to watch out for during the week include Reliance Industries, HDFC Bank, and ICICI Bank, which have already announced or are set to announce their earnings. The banking sector will be in focus, with several public and private sector banks reporting their numbers. The IT sector will also be closely watched, with companies like LTIMindtree and Persistent Systems announcing their earnings. Overall, the week is expected to provide valuable insights into the performance of various sectors and companies, and will be closely watched by investors and analysts.
Top FD Options for Seniors: Earn Up to 8% Interest Annually with These High-Yielding Fixed Deposits – View Complete List on Goodreturns
Best Fixed Deposits for Senior Citizens: Earn Up to 8% Annual Return
As a senior citizen, it’s essential to invest in a secure and stable financial instrument that provides a regular income stream. Fixed Deposits (FDs) are an excellent option, offering a fixed return on investment with minimal risk. Here’s a list of the best FDs for senior citizens, providing up to 8% annual return.
Top Banks Offering High-Return FDs for Senior Citizens
Several banks in India offer attractive interest rates on FDs for senior citizens. Some of the top banks include:
- Yes Bank: Offers 7.50% interest rate for 3-4 year tenure and 7.25% for 2-3 year tenure.
- IndusInd Bank: Provides 7.40% interest rate for 3-4 year tenure and 7.20% for 2-3 year tenure.
- Kotak Mahindra Bank: Offers 7.30% interest rate for 3-4 year tenure and 7.10% for 2-3 year tenure.
- HDFC Bank: Provides 7.25% interest rate for 3-4 year tenure and 7.00% for 2-3 year tenure.
- ICICI Bank: Offers 7.20% interest rate for 3-4 year tenure and 6.95% for 2-3 year tenure.
Other Banks Offering Attractive FD Rates
In addition to the above-mentioned banks, other financial institutions also offer competitive interest rates on FDs for senior citizens. These include:
- Bajaj Finance: Offers 8.00% interest rate for 3-4 year tenure.
- Mahindra Finance: Provides 7.80% interest rate for 3-4 year tenure.
- SBI: Offers 7.10% interest rate for 3-4 year tenure.
- Axis Bank: Provides 7.05% interest rate for 3-4 year tenure.
Key Benefits of FDs for Senior Citizens
Fixed Deposits offer several benefits for senior citizens, including:
- Guaranteed Returns: FDs provide a fixed return on investment, ensuring a regular income stream.
- Low Risk: FDs are a low-risk investment option, making them ideal for senior citizens.
- Flexibility: FDs offer flexible tenure options, allowing senior citizens to choose the investment period that suits their needs.
- Tax Benefits: Interest earned on FDs is taxable, but senior citizens can claim a deduction of up to Rs. 50,000 under Section 80TTB.
In conclusion, senior citizens can earn up to 8% annual return on their investments by opting for the best FDs offered by various banks and financial institutions. It’s essential to compare the interest rates and tenure options before making an investment decision.
Ankush Aggarwal and Sahil Sikka have been appointed by PSB Xchange.
PSB Xchange, a digital marketplace platform for financial solutions, has announced two key appointments to its leadership team. Ankush Aggarwal has been appointed as Chief Experience Officer, while Sahil Sikka will take on the role of Chief Business and Financial Officer. Both Aggarwal and Sikka join PSB Xchange from SG Finserve, where Aggarwal was the Chief Experience Officer and Sikka was the Chief Operating Officer and Chief Financial Officer.
The appointments are seen as a significant strengthening of the leadership bench at PSB Xchange, which is a subsidiary of Veefin Solutions. Veefin Solutions had recently acquired a 49% stake in White Rivers Media, indicating its growing presence in the financial solutions space. Sorabh Dhawan, CEO of PSB Xchange and Veefin Solutions, expressed his pleasure at welcoming Aggarwal and Sikka to the team, citing their expertise and experience as critical to driving sustainable growth and long-term value for stakeholders.
Aggarwal brings a wealth of experience in building experience-led, technology-driven operating models, having worked with prominent banks such as Kotak Mahindra Bank Limited and IndusInd Bank. Sikka, on the other hand, has a proven track record of scaling businesses with strategic clarity and governance discipline, with stints at HFCB Bank, Aditya Birla Finance, and Kotak Mahindra Bank.
The appointments are expected to play a pivotal role in driving the growth of PSB Xchange, which is looking to deepen its engagement with banks and financial institutions. With their combined expertise, Aggarwal and Sikka will be responsible for driving the platform’s strategy, execution, and growth, and are expected to make a significant impact on the company’s future success. Overall, the appointments are a positive development for PSB Xchange, and are seen as a significant step forward in the company’s mission to provide innovative financial solutions to its customers.
Stock Market Updates of Indusind Bank
Recent Updates
PSB Xchange announces key leadership appointments, naming Ankush Aggarwal as Chief Experience Officer (CXO) and Sahil Sikka as Chief Business Officer (CBO) and Chief Financial Officer (CFO).
PSB Xchange, a digital marketplace for financial solutions, has announced the appointment of two new leaders to its team. Ankush Aggarwal has been appointed as Chief Experience Officer, bringing over 20 years of experience in corporate banking and SME segments. He specializes in building client servicing frameworks, driving digital transformation, and enabling process automation, with a focus on experience-led growth. Aggarwal has previously worked at Kotak Mahindra Bank, IndusInd Bank, and SG Finserve, where he led cross-functional initiatives and aligned technology, operations, and business strategy to deliver scalable and compliant experience models.
Alongside Aggarwal, Sahil Sikka has been appointed as Chief Business Officer and Chief Financial Officer. Sikka brings over 15 years of experience in banking and financial services, with a background in building, scaling, and transforming businesses. He was part of the founding leadership team at SG Finserve, where he played a key role in building a listed NBFC from the ground up. Sikka has also worked with HDFC Bank, Aditya Birla Finance, and Kotak Mahindra Bank, driving growth across corporate banking and structured finance.
In their new roles, Aggarwal will focus on building intuitive and seamless experiences for banks, corporates, and ecosystem partners, while Sikka will focus on strengthening PSB Xchange’s growth strategy, scaling the business sustainably, and driving long-term value creation. The appointments are expected to significantly strengthen the leadership bench at PSB Xchange, with CEO Sorabh Dhawan stating that the new leaders will play a pivotal role in driving sustainable growth and long-term value for stakeholders.
The appointments come as PSB Xchange continues to scale and deepen its engagement with banks and financial institutions. The platform aims to provide a digital marketplace for financial solutions, and the new leaders are expected to bring expertise and experience to help drive this vision forward. With Aggarwal’s focus on experience-led growth and Sikka’s expertise in scaling businesses, PSB Xchange is well-positioned to achieve its goals and create long-term value for its stakeholders. Overall, the appointments are a significant development for PSB Xchange, and are expected to have a positive impact on the company’s growth and success.
Ganesh Sankaran takes the helm as Head of Wholesale Banking Group at IndusInd Bank
IndusInd Bank has appointed Ganesh Sankaran as the Head of its Wholesale Banking Group. Sankaran is a seasoned banking professional with over three decades of experience in various areas, including wholesale, retail credit, and SME. He will be responsible for developing the bank’s strategy and business in key areas such as corporate banking, institutional banking, gems and jewelry, SME and mid-market group, new age economy, real estate, corporate agri-business, supply chain finance, transaction banking, and project and structured finance.
Throughout his career, Sankaran has held senior leadership positions at leading private sector banks, where he has played a crucial role in building businesses, driving large-scale transformations, and delivering consistent performance. His expertise spans relationship management, credit and risk, product expertise, and board-level exposure. Prior to joining IndusInd Bank, Sankaran worked at Axis Bank, Federal Bank, and HDFC Bank, where he gained valuable experience and built a strong reputation in the industry.
In addition to his banking experience, Sankaran has also served on the boards of several companies, including Axis Capital, Equirus Capital, and Fedbank Financial Services. He also held the position of Executive Director and Board Member at Federal Bank. With his extensive experience and expertise, Sankaran is well-equipped to lead IndusInd Bank’s Wholesale Banking Group and drive growth and expansion in the bank’s business.
The appointment of Sankaran is expected to bring new insights and perspectives to IndusInd Bank’s Wholesale Banking Group, and his experience in building and transforming businesses will be invaluable in driving the bank’s strategy and growth. As the bank continues to expand its operations and services, Sankaran’s leadership and expertise will be crucial in navigating the complex and competitive banking landscape. With his strong track record and expertise, Sankaran is poised to make a significant impact at IndusInd Bank and contribute to the bank’s continued success and growth.
Financial strain and deteriorating loan portfolios threaten the stability of small microfinance institutions
India’s microfinance sector is facing a severe crisis, with at least half a dozen companies defaulting on bank loans due to asset quality stress and funding crunch. These companies, including VFS Capital, Navachetana Microfin Services, and Arth Finance, are struggling to survive due to a liquidity crunch and difficulties in operating without institutional funding support. The sector’s stress began building in April last year, after a brief revival from the pandemic, and has resulted in a significant increase in late-stage portfolios at risk, with a surge to 15.32% at the end of the September quarter.
The micro-loan market has contracted to ₹3.46 lakh crore, registering a 17% year-on-year drop, with a near 20% fall in the number of active loans to 132 million. Listed microfinance firms, such as Fusion Finance and Spandana Sphoorty Financial, have suffered net losses in the second quarter, extending the run of negative earnings they reported over the past several quarters. Mainstream lenders, including Bandhan Bank, IndusInd Bank, IDFC First Bank, and RBL Bank, have also encountered profitability hits due to the stress in their microfinance portfolios.
VFS Capital, which has a cumulative exposure of ₹143 crore toward five lenders, failed to meet its repayment commitments, with a total overdue amount of ₹82 crore. The company had applied for a small finance bank licence from the Reserve Bank of India (RBI) in January but withdrew it last month after its financial condition worsened. Other affected lenders, including Bank of Maharashtra and IDBI Bank, have told VFS to submit financial statements and a certified book debt statement for the quarters ended June and September.
The situation is similar for Navachetana Microfin Services, which has delayed debt servicing since April and submitted a debt restructuring plan to lenders with the proposal to repay the dues in the next seven years. Some of the company’s loans from banks have already turned into non-performing assets (NPAs) by legal definition. Lenders to these entities have suggested forensic audits to determine the cause of the default and to consider restructuring of bank accounts.
Sectoral leaders are calling for financial institutions to become more lenient while lending to smaller microfinance entities and are expecting the government to consider a proposal to provide a guarantee fund for the microfinance sector. Without institutional funding, several other small lenders are likely to be on the brink of default very soon. The government guarantee programme can facilitate lending to these entities and help them overcome the current liquidity crisis.
Fixed Deposit rates soar up to 8.05% for general public with 5-year investment term; Check out the complete list of banks
Fixed Deposit (FD) Rates Up to 8.05% for General Citizens Investing for Five Years
In a move to encourage savings and investments, several banks in the country have increased their fixed deposit (FD) interest rates. For general citizens investing for a period of five years, the interest rates can go up to 8.05%. This is a significant increase, making FDs an attractive option for those looking to grow their savings.
List of Banks Offering High FD Rates
Here is a list of banks offering high FD rates for a five-year investment period:
- DCB Bank: 8.05% interest rate for a five-year FD
- Yes Bank: 7.75% interest rate for a five-year FD
- IndusInd Bank: 7.75% interest rate for a five-year FD
- Kotak Mahindra Bank: 7.70% interest rate for a five-year FD
- Axis Bank: 7.60% interest rate for a five-year FD
- HDFC Bank: 7.55% interest rate for a five-year FD
- ICICI Bank: 7.50% interest rate for a five-year FD
- State Bank of India (SBI): 7.40% interest rate for a five-year FD
- Bank of Baroda: 7.35% interest rate for a five-year FD
- Punjab National Bank (PNB): 7.30% interest rate for a five-year FD
Benefits of Investing in FDs
Investing in FDs offers several benefits, including:
- Guaranteed returns: FDs offer a fixed interest rate, ensuring that your investment grows at a guaranteed rate.
- Low risk: FDs are a low-risk investment option, making them suitable for conservative investors.
- Liquidity: FDs can be easily liquidated, allowing you to access your funds when needed.
- Tax benefits: Interest earned on FDs is taxable, but you can claim a tax deduction on the interest income.
How to Invest in FDs
To invest in an FD, you can visit the website of the bank or visit a branch in person. You can also invest through mobile banking or online banking platforms. The minimum deposit amount and investment period may vary depending on the bank and the type of FD.
Overall, investing in FDs can be a great way to grow your savings and earn a fixed income. With interest rates up to 8.05% for a five-year investment period, now is a good time to consider investing in an FD.
Ten major banks are set to unveil their Q2 financial reports this Saturday, October 18, offering a glimpse into their performance.
On October 18, 10 banks in India, including both private and public sector lenders, are set to announce their September quarter earnings. The list of banks includes HDFC Bank, ICICI Bank, YES Bank, Punjab National Bank, IDFC First Bank, IndusInd Bank, IDBI Bank, The Federal Bank, RBL Bank, and J&K Bank. Other notable companies that will announce their Q2 earnings are UltraTech Cement, UTI AMC, SML Isuzu, and Can Fin Homes.
Analysts expect the Q2 earnings for India Inc. to rebound after a muted Q1, supported by a mix of cyclical and structural factors. The financial sector is expected to be a key driver of overall earnings growth. Banks and non-banking financial companies (NBFCs) are benefiting from steady credit demand across retail, agriculture, and MSME segments, while asset quality has remained stable. Despite slight pressure on net interest margins, profitability is being supported by healthy loan growth, controlled slippages, and recoveries from past stressed accounts.
In terms of asset quality, analysts expect a comfortable outcome for large banks, with private banks appearing to be more comfortable lending aggressively in unsecured segments such as credit card and personal loans. Mid-size banks are expected to see improvement in microfinance asset quality, although credit costs will remain elevated. The focus will be on forward flows in early delinquency buckets and X bucket collection efficiency.
Regarding margins, most analysts believe that margins have bottomed out in Q2FY26, but the decline will be limited for mid-size banks. Public sector banks are expected to witness relatively lower QoQ margin decline, while large private banks are expected to see a sharper decline. The net interest margin (NIM) for Axis Bank, which has already announced its Q2 earnings, came in at 3.73% for the quarter. The bank reported a 26% decline in standalone net profit to ₹5,089.64 crore annually for the quarter ended September 2025.
Overall, the Q2 earnings announcements are expected to be closely watched by investors, with a focus on asset quality, margins, and profitability. The financial sector is expected to be a key driver of overall earnings growth, and the performance of the banks will be closely monitored.
AU Small Finance Bank Revises Valuation Following Shifts in the Competitive Banking Market
AU Small Finance Bank has recently undergone a valuation adjustment, providing insight into its current financial standing within the banking sector. The bank’s valuation metrics include a price-to-earnings (PE) ratio of 26.40 and a price-to-book value of 3.38. The PE ratio indicates the market’s expectation of the bank’s future earnings, while the price-to-book value reflects the bank’s net asset value. The bank’s PEG ratio, which takes into account its growth prospects, is recorded at 0.98, suggesting a balanced growth perspective relative to its earnings.
In terms of profitability, AU Small Finance Bank has demonstrated a return on equity (ROE) of 12.82% and a return on assets (ROA) of 1.38%. These metrics indicate the bank’s ability to generate profits from its equity and assets. The net non-performing assets (NPA) to book value ratio, which stands at 5.70%, provides insight into the bank’s asset quality. A lower NPA ratio generally indicates better asset quality, while a higher ratio may suggest potential problems with loan defaults.
When compared to its peers, AU Small Finance Bank’s valuation metrics present a mixed picture. For instance, Yes Bank has a PE ratio of 27.04, which is slightly higher than AU Small Finance Bank’s ratio. On the other hand, IDFC First Bank has a significantly higher PE ratio of 45.45, indicating a more premium valuation. IndusInd Bank and Federal Bank also have different valuation dynamics, reflecting the competitive environment in the midcap banking sector.
Overall, the valuation adjustment highlights AU Small Finance Bank’s financial metrics and market position amidst its peers. The bank’s relative standing in the industry is showcased through its valuation metrics, profitability, and asset quality. While the bank’s valuation metrics are competitive, its profitability and asset quality metrics suggest a stable financial position. As the banking sector continues to evolve, AU Small Finance Bank’s ability to maintain its financial performance and navigate the competitive landscape will be crucial to its long-term success.
ICAI President expresses satisfaction with progress in Gensol, IndusInd Bank audit investigations, anticipating a report to be released by next month
The Institute of Chartered Accountants of India (ICAI) is conducting an audit review of the financial statements of Gensol Engineering and IndusInd Bank. According to ICAI President Charanjot Singh Nanda, the process is progressing satisfactorily, and the final report is expected to be released in November, a month ahead of the initial expected release in December. The ICAI’s Financial Reporting Review Board (FRRB) is leading the investigation into the audit reports of Gensol Engineering, and based on their recommendations, the disciplinary committee will further investigate the matter.
In addition to Gensol Engineering, the ICAI is also reviewing the financial statements of IndusInd Bank for the years 2023-24 and 2024-25. The FRRB is conducting this review as well. The ICAI is taking these steps to ensure the accuracy and transparency of financial reporting in India.
The ICAI is also investigating the audit of BYJU’S, a beleaguered edtech company. The FRRB has reported gross negligence in BYJU’S financial reporting and has recommended punitive action against the concerned auditors. This investigation was prompted by the resignation of Deloitte as BYJU’S statutory auditor in June 2023, citing delays in finalizing the company’s financial statements for FY22. Later, MSKA & Associates, who were appointed by BYJU’S, also resigned, alleging delays in financial reporting and lack of support from management, as well as concerns about outstanding dues.
The ICAI’s disciplinary committee will further investigate the matter and take necessary actions. The institute’s efforts to investigate and address audit lapses in companies like BYJU’S, Gensol Engineering, and IndusInd Bank demonstrate its commitment to maintaining the integrity of financial reporting in India. The expected release of the final report in November will provide more clarity on the findings and recommendations of the ICAI. Overall, the ICAI’s actions aim to promote transparency and accountability in financial reporting, which is essential for maintaining investor confidence and ensuring the stability of the financial system.
IIHL, the promoter of IndusInd, has successfully acquired 100% ownership of Sterling Bank, located in the Bahamas, according to a report by Prop News Time.
IndusInd International Holdings Limited (IIHL), the promoter of IndusInd Bank, has acquired full ownership of Sterling Bank and Trust, Bahamas. This development marks a significant expansion of IIHL’s global presence, particularly in the private banking and wealth management sectors.
Sterling Bank and Trust, Bahamas, is a private bank that offers a range of financial services, including wealth management, investment advisory, and trust services. The bank caters to high net worth individuals, families, and institutions, providing personalized banking solutions and expert advice on investment and wealth management.
The acquisition of Sterling Bank and Trust by IIHL is expected to strengthen IndusInd Bank’s position in the global banking arena. IndusInd Bank, one of the leading private sector banks in India, has been expanding its international presence through strategic acquisitions and partnerships. The acquisition of Sterling Bank and Trust is a key milestone in this expansion strategy, enabling IIHL to tap into the global wealth management market and provide a broader range of services to its clients.
The full ownership of Sterling Bank and Trust by IIHL is also expected to enhance the bank’s capabilities in areas such as investment advisory, asset management, and trust services. The combined entity will leverage the strengths of both organizations, offering a comprehensive suite of financial services to clients across the globe.
The acquisition is subject to regulatory approvals and is expected to be completed in the near future. Once the acquisition is completed, Sterling Bank and Trust will become a wholly-owned subsidiary of IIHL, expanding the promoter’s global footprint and reinforcing its commitment to providing world-class financial services.
This development highlights IIHL’s strategic vision to expand its global presence and strengthen its position in the international banking and wealth management sectors. The acquisition of Sterling Bank and Trust is a significant step forward in this direction, enabling IIHL to tap into new markets, expand its client base, and offer a broader range of financial services to its clients.
Overall, the acquisition of Sterling Bank and Trust by IIHL is a significant development that reflects the promoter’s commitment to expanding its global presence and strengthening its position in the international banking and wealth management sectors. The acquisition is expected to enhance the bank’s capabilities, expand its client base, and provide a comprehensive suite of financial services to clients across the globe.
JSW One Platforms secures ₹575 crore funding from key investors including SBI, JSW Steel, and Principal Asset Management.
JSW One Platforms, the B2B ecommerce arm of the JSW Group, has completed a funding round of Rs 575 crore with participation from several investors, including State Bank of India (SBI), Principal Asset Management, and JSW Steel. The funding round, which began in May, values the company at around Rs 8,575 crore. The fresh capital will be used to scale the company’s technology platform, expand its distribution and logistics network, and strengthen its non-banking financial company (NBFC) arm.
The NBFC arm, JSW One Finance, provides financing solutions to small and medium enterprises (MSMEs) and has assets under management (AUM) of Rs 100 crore. The company aims to increase this to Rs 500 crore by the end of the year. The lenders that provide loans through JSW One’s platform include several major banks, such as ICICI Bank, IndusInd Bank, and Axis Bank.
JSW One Platforms operates a digital marketplace through two main entities: JSW One Distribution and JSW One Finance. The company offers materials, credit, and logistics services to firms in the manufacturing and building sectors. In the fiscal year ending March 2025, JSW One recorded a gross merchandise value (GMV) of Rs 12,567 crore and revenue of Rs 3,976 crore.
The company plans to use the funding to build more technology and integrate its supply chain in real-time. The CEO, Gaurav Sachdeva, stated that the company wants to leverage the funding to build more technology and enhance its underwriting capabilities. The chairman, Parth Jindal, said that the funding will help the company empower MSMEs through tech-driven solutions and bridge the working capital gap for MSMEs.
JSW One Platforms is planning to go public in the next 18-24 months, joining peers such as Zetwerk, Infra.Market, and OfBusiness in preparing for an initial public offering (IPO). The company’s growth and expansion plans are expected to drive its success in the B2B ecommerce market. With the fresh funding, JSW One Platforms is well-positioned to achieve its goals and become a key player in India’s industrial ecosystem.