IndusInd Bank share

IndusInd Bank shares succumbed to selling pressure on Monday, after the Reserve Bank of India (RBI) approved the reappointment of Sumant Kathpalia as the ...

The global brokerage downgraded the bank's stock to 'Neutral' from 'Buy'. Moreover, the brokerage reduced the price target to Rs 1,060 per share from Rs 1,400 ...

Jefferies: The global brokerage has maintained a Buy rating on the stock with a price target of Rs 1,550. Moreover, the share price is down more than 7% over the past month. The moot question is, why is the share price of this private lender on such a sharp losing spree recently?

Swiss financial regulator FINMA is seeking to identify any potential contagion risks for the country's banks and insurers following the collapses of Silicon ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). "IIB’s stock price has been under pressure not only due to the macro uncertainty but also because of the clarity around the extension. A tenor lower than requested is always a point of debate with investors, and it would continue to be so with IIB in the next two years as well." But this may mean a slight pullback on growth and defer re-rating, the global brokerage firm said. However, global brokerage firm Jefferies sees this as a reasonable time to demonstrate progress as the bank had already made moves on these counts. After six months, the RBI’s nod has come for only two years, contrary to Street expectations.

Shares of IndusInd Bank fell nearly 8% intraday on Monday in the aftermath of the SVB collapse, which made bank stocks bleed.

“This (the two-year extension) may be a reflection on need to improve on controls (MFI incidence), liabilities (retail mix), underwriting (retail and less risky). Return on equity is expected to rise to 18% in 2024-25 from 14.8% currently. The bank’s return on assets is expected to rise to 2.2% in 2024-25 (April-March) from 1.8% currently. We are not sure if the whistleblower complaint regarding the MFI (microfinance) book played a role in RBI’s decision.” [SVB UK sold to HSBC for this unbelievable amount; Hint: It’s less than your Hotstar monthly subscription](https://www.financialexpress.com/industry/banking-finance/svb-uk-sold-to-hsbc-cheaper-than-monthly-hotstar-subscription/3007343/) Even as the central bank’s latest announcement took Dalal Street by surprise, analysts contend that the bank’s strong deposit franchise, improving asset quality and attractive valuations make IndusInd Bank a good long-term investment bet. “In our view, IIB’s current MD & CEO stabilised the bank, focused on retail liabilities, recognised asset quality issues and worked on improving balance sheet granularity and eventually improved return ratios.

Shares of IndusInd Bank Ltd. declined 6.4% after the banking regulator approved a two year extension to Managing Director and Chief Executive Officer Sumant ...

"We continue to see strong potential for revenue growth acceleration and credit cost moderation at IndusInd, which can drive re-rating as well over the next few years. "We still see a 20% CAGR over FY23–25 in loans and a turnaround in earnings and return on equity of 16%. The bank's board had approved a fresh three-year term for Kathpalia in September 2022.