During Monday’s trading session, shares of a private sector bank offering microfinance, personal loans, advanced digital banking facilities, and other financial services are in focus after a foreign institutional investor (FII) divested stake worth more than Rs. 385 crores via a bulk deal on NSE.
With a market capitalisation of Rs. 61,405 crores, at 11:07 a.m., the shares of IndusInd Bank Limited were trading in the green at Rs. 788.2 on BSE, up by around 1 percent, as against its previous closing price of Rs. 782.3. The stock has delivered negative returns of 44 percent in one year, but has gained by nearly 5 percent in the last one month.
What’s the News
As per the 16th May bulk deal data on NSE, the foreign investor Route One Fund I LP offloaded 50.38 lakh equity shares in IndusInd Bank Limited, equivalent to a 0.65 percent stake, valued at around Rs. 385.7 crores through an open market transaction, at an average price of Rs. 765.68 per share.
Additional Updates
March 2025: IndusInd Bank’s shares declined by over 27 percent following the announcement of a ~Rs. 1,577 crores discrepancy in its forex derivatives portfolio. The bank acknowledged that it had not properly accounted for losses on forex derivatives/swap transactions executed over the previous 5-7 years.
Further disclosures indicated that the total estimated pre-tax loss could be as high as Rs. 2,100 crores, as losses were not reflected in net interest income (NII) while corresponding gains were recorded in the profit and loss statement.
19th May: IndusInd Bank signed a Memorandum of Understanding (MoU) with AIC STPINEXT, a special purpose vehicle of Software Technology Parks of India (STPI) under the Ministry of Electronics and Information Technology (MeitY).
Under this collaboration, IndusInd Bank will deliver a range of tailored banking solutions to support early-stage start-ups associated with STPI/STPINEXT. The bank will offer a specialised Current Account product with no quarterly average balance requirement, making it easier for start-ups to manage their finances.
Financial Performance
IndusInd Bank reported a marginal decline in net interest income (NII), experiencing a year-on-year decrease of nearly 1.3 percent, falling from Rs. 5,295.6 crores in Q3 FY24 to Rs. 5,228 crores in Q3 FY25. Similarly, during the same period, the bank’s net profit decreased from Rs. 2,301.4 crores to Rs. 1,402.3 crores, representing a decline of around 39 percent YoY. The bank will announce its financial results for Q4 FY25 on 21st May 2025.
About the Bank
IndusInd Bank Limited is engaged in the business of providing a wide range of banking products and financial services to corporate and retail clients, besides undertaking treasury operations.
Written by Shivani Singh
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