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IndusInd Bank Ltd has entered into exclusive talks to acquire microlender Bharat Financial Inclusion Ltd.

Business

IndusInd to buy Bharat Financial; merger to be over in 10 months

Shareholders will receive 639 shares of IndusInd for every 1,000 shares of the microfinance major.

14 Oct 2017 6:48 PM IST

Business

IndusInd Bank Q2 profit rises 25 per cent to Rs 880 crore

Bank had a net profit of Rs 704.26 crore in the July-September quarter of the last fiscal.

12 Oct 2017 2:35 PM IST

Business

IndusInd Bank, Bharat Financial in merger talks

Bharat Financial is the first listed micro lender in India with 6.8 million customers and 1,408 branches employing...

12 Sept 2017 12:34 AM IST

Business

IndusInd Bank, Bharat Financial enter into merger talks

The two financial firms had long been speculated to be interested in a deal that many predict could proceed as a share...

11 Sept 2017 12:54 PM IST

$Share purchase agreement (SPA) stands terminated as all the conditions precedent were not satisfied within the stipulated time period,\ IndusInd Bank said.$ Business

IndusInd Bank calls off deal to acquire IL&FS Securities Services

IL&FS initiated the process for divesting its stake in IL&FS Securities Services and ISSL.

13 Nov 2018 1:20 PM IST

Business

IndusInd Bank Q3 net rises 25 per cent to Rs 936.25 crore

Interest earned by the bank jumped about 16 per cent in the quarter to 42.87 billion rupees.

11 Jan 2018 2:28 PM IST

Business

IndusInd Bank raises $500 million from overseas lenders

Private sector bank has concluded the syndicated term loan facility from a group of overseas investors.

1 Jan 2018 2:55 PM IST

Private lender IndusInd Bank on Tuesday announced a pilot program with WhatsApp enterprise solution in India to communicate with its customers.

Business

BFIL seeks SEBI nod for merger with IndusInd Bank

In October last, IndusInd Bank had decided to acquire the country's leading micro-finance player BFIL.

24 April 2018 4:20 PM IST

Business

IndusInd Bank Q4 net profit jumps 27 pc to Rs 953 crore

The bank made a net profit of Rs 751.61 crore in the corresponding period of 2016-17.

19 April 2018 3:42 PM IST

Business

IndusInd Bank to pilot WhatsApp enterprise solution

The integration with WhatsApp will allow IndusInd Bank to start appearing as a verified account when it communicates...

3 April 2018 6:38 PM IST

Reliance Communications Ltds decision to call of the merger with Aircel will weigh heavy on its deal with asset manager Brookfield. Photo: PTI

Business

RCE pledges 12.50 cr shares of RCom with IndusInd Bank

RCE held 49.06 crore shares in RCom amounting to 17.74 pc stake, of which it had previously pledged 4.85 pc.

24 March 2019 4:40 PM IST

Business

Indusind Bank promoters to infuse Rs 2,700 cr via warrants

Our promoters will infuse Rs 2,700 crore to get their stake back to 15 pc, said bank's strategy head Sanjay Mallik.

23 Jun 2019 6:39 PM IST