IndusInd Bank
IndusInd Bank Connects with Investors and Stakeholders at Nuvama India 2025 Conference
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IndusInd Bank, a leading Indian private sector bank, recently participated in the Nuvama India Conference 2025, where it engaged with stakeholders and showcased its initiatives. The conference aimed to facilitate knowledge sharing and collaboration among industry leaders, policymakers, and thought leaders.
At the conference, IndusInd Bank’s experts and thought leaders participated in various sessions, panel discussions, and keynote addresses, focusing on topics such as fintech, digital banking, sustainability, and regulatory environment. The bank’s senior officials shared insights on the evolving landscape of Indian banking, the importance of innovation, and the need for sustainable and responsible growth.
IndusInd Bank also highlighted its commitment to digital transformation, showcasing its various digital initiatives and innovations, including its mobile banking app, digital payment platforms, and other cutting-edge solutions. The bank’s experts emphasized the importance of adopting digital technologies to enhance customer experience, increase operational efficiency, and reduce costs.
The conference also provided a platform for IndusInd Bank to engage with industry peers, fintech startups, and regulatory bodies, fostering collaborations and partnerships that can drive growth and innovation in the Indian banking sector. The bank’s leadership emphasized the importance of stakeholder engagement, listening to customers, and understanding their needs to stay ahead in a rapidly changing landscape.
TipRanks, a leading financial market research firm, attended the conference and noted IndusInd Bank’s efforts to engage with stakeholders and promote sustainability. According to TipRanks, the bank’s focus on digital transformation, customer experience, and sustainable growth is expected to drive its long-term performance and profitability.
In conclusion, IndusInd Bank’s participation in the Nuvama India Conference 2025 demonstrated its commitment to engaging with stakeholders, driving innovation, and promoting sustainable growth. The bank’s focus on digital transformation, customer experience, and responsible growth is expected to position it well for long-term success in the Indian banking sector.
As the Reserve Bank of India’s Monetary Policy Committee meets, fixed deposit investors are left wondering what’s in store for their returns if rates are slashed.
The Reserve Bank of India’s Monetary Policy Committee (MPC) is expected to consider an interest rate cut for the first time in almost five years at its meeting on February 7. The RBI has maintained the repo rate at 6.5% for 11 consecutive times, citing ongoing inflationary challenges. However, recent developments suggest that a rate cut may be on the horizon, which could make credit more accessible and boost financial inclusion.
A rate cut would impact fixed deposits (FDs), as banks would lower their FD rates. This is significant, as fixed deposits offer a reliable method for preserving liquidity and securing a guaranteed return on investment. The RBI’s repo rate influences the interest rates banks charge for loans and investments like FDs. A rate cut would result in lower FD rates, making them more attractive for investors seeking safe and rewarding savings options.
Several banks have adjusted their FD interest rates in anticipation of the MPC’s decision. Public sector banks, such as Bank of Maharashtra, Central Bank of India, and Bank of India, are offering FD rates between 7% and 8%. Private sector banks, such as IndusInd Bank, ICICI Bank, and HDFC Bank, are also offering competitive FD rates. Small finance banks, like Unity Small Finance Bank, NorthEast Small Finance Bank, and Suryoday Small Finance Bank, are offering higher FD rates, ranging from 8% to 9%.
With the MPC’s upcoming decision, it is crucial that policy measures strike a balance between fostering financial inclusion and promoting investment growth. A potential rate cut could make credit more accessible, helping individuals manage liquidity needs. At the same time, maintaining attractive FD rates is essential for digital-first investors seeking safe and rewarding savings options.
FD Rates: Top banks are offering the highest returns on 400-day fixed deposits – find out where to invest your money for maximum yield.
Here is a summary of the content in 400 words:
In India, fixed deposit (FD) interest rates vary across different banks, depending on the deposit amount, period, and age of the depositor. Private sector banks typically offer higher interest rates for shorter periods. This article highlights various FD schemes from public sector banks, private sector banks, and some individual banks.
Among public sector banks, the Central Bank of India offers the highest interest rate of 7.50% for FDs of 1111 and 3333 days. Punjab & Sind Bank and Bank of Maharashtra also offer high interest rates of 7.45% for 555 days and 366 days, respectively.
Among private sector banks, DCB Bank offers the highest interest rate of 8.05% for FDs of 19-20 months. RBL Bank and IndusInd Bank also offer competitive rates of 8% for 500 days and 7.99% for FDs of 1 year 5 months to 1 year 6 months, respectively. HDFC Bank, ICICI Bank, and YES Bank offer lower interest rates ranging from 7.40% to 7.75% for different periods.
State Bank of India (SBI) offers a maximum rate of 7.25% for 444 days under its Amrit Vrishti scheme. Other public sector banks, such as Bank of Baroda, Bank of India, and Union Bank of India, offer lower interest rates ranging from 6.50% to 7.30% for different periods.
In conclusion, fixed deposit rates in India vary widely depending on the bank, deposit period, and deposit amount. Individuals should research and compare the rates offered by different banks to choose the best FD scheme that suits their financial goals and needs.
Discover the Best of IndusInd Bank’s Savings Account Benefits!
IndusInd Bank offers a range of innovative and customer-centric features in its savings accounts, going beyond the basics to provide a unique banking experience. With their customizable account numbers, competitive interest rates, easy account opening process, and digital convenience, their accounts stand out in the market. Here are some of the notable features:
* Customizable account numbers with “My Account My Number” feature
* Competitive interest rates with quarterly interest credit
* Easy account opening process with minimal documentation and video KYC verification
* Zero-balance account options with cashback on transactions and exclusive discounts on dining and entertainment
* Premium debit card benefits, including cashback on fuel, dining, and online shopping, and complimentary insurance coverage
* Digital banking convenience through the IndusMobile App and IndusNet banking, allowing customers to manage their accounts on-the-go
IndusInd Bank also offers premium savings account options, such as the Indus Grandé and Indus Exclusive, which include features like dedicated relationship managers, complimentary airport lounge access, and waivers on banking service charges. The bank’s Indus Max Multiplier Savings Account also offers a unique sweep-in facility, allowing customers to link their savings account to a fixed deposit and earn higher interest on excess funds.
The bank’s online zero-balance account opening process is quick and hassle-free, taking just four steps:
1. Pick a custom account number
2. Enter personal details
3. Fund the account with an initial deposit (for zero-balance accounts)
4. Complete video KYC verification
IndusInd Bank’s customer-centric approach, competitive rates, and digital convenience make it a top choice for anyone looking for the best savings account in India. With its range of options, including zero-balance accounts, premium debit cards, and digital banking convenience, IndusInd Bank’s savings accounts offer unparalleled benefits, flexibility, and value.
Kotak’s pain from RBL’s microfinance defaults
Private banks in India are facing challenges in the microfinance segment, with Kotak Bank and RBL Bank reporting higher defaults in this area. Kotak Bank’s consolidated net profit for the quarter ended December 2024 increased by 10% to Rs 4,701 crore, while its standalone net profit rose by 10% to Rs 3,305 crore. However, its microfinance arm, BSS, reported a loss of Rs 50 crore, compared to a profit of Rs 104 crore in the same quarter last year.
RBL Bank’s net profit declined by 86% to Rs 33 crore, primarily due to a significant increase in provisions for the quarter, which jumped twofold to Rs 1,180 crore. This was largely driven by an additional Rs 414 crore provision for joint liability group loans (JLG), which are micro advances made to borrowers as a group.
Kotak Bank’s Managing Director and CEO, Ashok Vaswani, attributed the asset quality issues in the microfinance segment to an industry-level problem, stating that the rate of deterioration has slowed down and is expected to plateau and decline in the next two to three quarters. This sentiment was echoed by other banks in the sector, with IndusInd Bank recently selling Rs 1,573 crore of non-performing microfinance retail loans due to mounting stress in the sector.
The challenges faced by private banks in the microfinance segment are a result of the sector’s inherent vulnerabilities, including high interest rates, lack of regulation, and borrower defaults. As the industry continues to grapple with these issues, it remains to be seen how private banks will navigate this challenging environment and maintain their profitability.
Gobind Jain, Chief Financial Officer of IndusInd Bank, has announced his resignation.
Gobind Jain, the Chief Financial Officer (CFO) of IndusInd Bank, has resigned from his position to explore other professional opportunities. This announcement was made by the bank through an exchange filing on Saturday. According to the filing, Jain will complete a 90-day notice period, during which he will assist the bank with the transition process until April 17.
In his resignation letter, Jain expressed his desire to pursue opportunities outside the bank or within the promoter group after dedicating nearly 3.25 years to the institution. Arun Khurana, currently the Whole-time Director and Deputy Chief Executive Officer (CEO) of the bank, will take over as the CFO starting January 21.
Khurana has been with the lender since November 2011 and has held various leadership positions, including being the overall head of the global markets group. He has also been the Deputy CEO since April 2020. His additional responsibility as CFO will see him driving the bank’s financial strategy and operations.
Jain’s resignation comes after a nearly three-year tenure as the CFO of IndusInd Bank, where he was responsible for overseeing the bank’s financial performance, strategy, and risk management. His departure is likely to have an impact on the bank’s financial operations, but with Khurana’s experience and expertise, the transition is expected to be smooth.
The news of Jain’s resignation and Khurana’s new role as CFO is a significant development in the banking industry, and one that will be closely watched by market analysts and stakeholders. As the bank looks to the future, it will be interesting to see how Jain’s departure and Khurana’s ascension will shape the bank’s overall performance and direction.