The Bank Nifty opened higher on Monday at 13818 up by 27 points
or 0.2 %. Bank Nifty jumped 4.7% , on Tuesday the Banking stocks was top gainer. The Reserve Bank of India relaxed norms on tier-I capital relating to the treatment of certain balance-sheet items, including property, which will help PSU Banks unlock capital totaling about Rs. 35,000 crore.
Telecom tower operator Viom Networks is reportedly planning for an initial public offering (IPO) by the end of the year The company is planning an IPO to fund growth and acquisitions, according to reports. A report said that the
company has revived talks to sell a stake to American Tower Corp (ATC). The company is expecting a valuation of around Rs 25,000 crore in an IPO, chief executive Syed Safawi added.
Day gone by: Sensex hits double ton on RBI rate cut hopes...Nifty ends shy of 6K; manufacturing PMI at 16 month low. April Auto sales no negative. Bharti Airtel Q4 consolidated net dips 49%. Kotak Bank Q4 Net rises 47%
This presentation was delivered as our final round at FinXchange event at Symbiosis Institute of International Business. It contains detailed analysis of our perspective about the industry during the week mentioned and industry outlook.
The Bank Nifty opened higher on Monday at 13818 up by 27 points
or 0.2 %. Bank Nifty jumped 4.7% , on Tuesday the Banking stocks was top gainer. The Reserve Bank of India relaxed norms on tier-I capital relating to the treatment of certain balance-sheet items, including property, which will help PSU Banks unlock capital totaling about Rs. 35,000 crore.
Telecom tower operator Viom Networks is reportedly planning for an initial public offering (IPO) by the end of the year The company is planning an IPO to fund growth and acquisitions, according to reports. A report said that the
company has revived talks to sell a stake to American Tower Corp (ATC). The company is expecting a valuation of around Rs 25,000 crore in an IPO, chief executive Syed Safawi added.
Day gone by: Sensex hits double ton on RBI rate cut hopes...Nifty ends shy of 6K; manufacturing PMI at 16 month low. April Auto sales no negative. Bharti Airtel Q4 consolidated net dips 49%. Kotak Bank Q4 Net rises 47%
This presentation was delivered as our final round at FinXchange event at Symbiosis Institute of International Business. It contains detailed analysis of our perspective about the industry during the week mentioned and industry outlook.
NIFTY FIFTY : - In the last two days of trading session of last week, FII’s have build short positions for 108617 contract in Options segment. In cash segment both FII’s and DII’s remain net seller for 102 crore in last
two trading sessions. Indian benchmark Index Nifty 50 erased early gains to end flat on Friday as Political
Indian indices traded weak at start tracking sluggish global cues. Markets drew some respite and recovered some of its lost ground on rally in frontline stocks. Benchmarks edged higher ignoring the all the pessimistic triggers to close near day’s high levels. Sensex jumped 140 points and Nifty ended above 6300 mark. Among BSE sectorials, IT index topped the charts.
India PRwire Oct 13, 2008 Markets Recover 40 Percent Of Last Week’S LossesJagannadham Thunuguntla
“Concerted European action to strengthen the banking system has given the much-needed confidence that investors were looking for,” said Jagannadham Thunuguntla, head of the capital markets arm of India’s fourth largest share brokerage house SMC Group.
NIFTY FIFTY : - In the last two days of trading session of last week, FII’s have build short positions for 108617 contract in Options segment. In cash segment both FII’s and DII’s remain net seller for 102 crore in last
two trading sessions. Indian benchmark Index Nifty 50 erased early gains to end flat on Friday as Political
Indian indices traded weak at start tracking sluggish global cues. Markets drew some respite and recovered some of its lost ground on rally in frontline stocks. Benchmarks edged higher ignoring the all the pessimistic triggers to close near day’s high levels. Sensex jumped 140 points and Nifty ended above 6300 mark. Among BSE sectorials, IT index topped the charts.
India PRwire Oct 13, 2008 Markets Recover 40 Percent Of Last Week’S LossesJagannadham Thunuguntla
“Concerted European action to strengthen the banking system has given the much-needed confidence that investors were looking for,” said Jagannadham Thunuguntla, head of the capital markets arm of India’s fourth largest share brokerage house SMC Group.
Bajaj Finance Q1FY15: Net profit jumps to Rs2113.60 mn, up 20.27%; BuyIndiaNotes.com
During Q1FY14, Bajaj Finance's net profit jumps to Rs. 2113.60 million from Rs. 1757.40 million over the corresponding quarter last year, registered a growth of 20.27% y-o-y. Investors are recommended to buy the stock for a price target of Rs.2385.00.
Q2FY15: Kotak Mahindra Bank reports 23% growth in net profitIndiaNotes.com
On the consolidated front, the bank has reported 23% growth in the Net Profit to 717.93 crore, over 12% increase in NII at Rs1583.81 crore in the quarter ended September 2014. Non-interest income shot up 132% to 1651.73 crore, helping Net Total Income to increase 52% to 3235.54 crore in the quarter ended September 2014. The expense ratio increased 10.43 percentages yoy, while the tax rate was nearly steady in the quarter ended September 2014.
Bajaj Finance reported net profit of Rs 211.4 cr (+20.3% YoY) in Q1FY15 which was above expectations primarily due to higher than expected Net Interest Income (NII). NII increased 23.2% YoY and 23.0% QoQ with increase in consumer durable segment.
Yellow Brick Road Holdings Limited is a disruptor on track to become the leading non-bank financial services company in Australia by 2020. Yellow Brick Road’s branded network offers Australian families a better, more local alternative to the banks. A one stop shop for all financial services, with innovative products that are great value and easy to implement. A trusted network of expert local business owners delivers customer engagement that the banks can’t match.
The Vow Financial business provides independent mortgage brokers a business platform with a broad array of services and true choice in service packages versus conventional aggregators.
Yellow Brick Road Holdings Limited is a growth stock that offers investors the ability to share in the upsides that the aging population offers wealth companies, underpinned by a proven mortgage based customer acquisition model. During this growth phase, Yellow Brick Road Holdings Limited will reinvest profits in pursuit of these goals.
Similar to Indus ind bank pressrelease-q2fy16 (20)
Snam 2023-27 Industrial Plan - Financial Presentation
Indus ind bank pressrelease-q2fy16
1. IndusInd Bank Q2 Net Profit up by 30% at Rs.560.04 crore YoY basis
Operating Profit up by 39% to Rs.1,006.53 crore YoY basis
Non Interest Income increases by 32% YoY basis
Capital Adequacy Ratio ( CAR) improves to 16.52%
Net NPA down to 0.31%
Highlights Q2 FY 2016
Key performance vectors show significant improvement.
NIM increased to 3.88%
Net Profit up by 30%
Total Revenue up by 32%
Net NPA down to 0.31%
Capital Adequacy Ratio ( CAR) improves to 16.52%
Mumbai, October 9, 2015: The Board of Directors of IndusInd Bank Ltd., today approved and adopted
its Unaudited Financial Results for the second quarter and first half-year ended September 30, 2015.
Key Financials:
Q2 FY16 Q2 FY15
YoY
Growth
Q1 FY16
QoQ
Growth
Operating Profit
(Rs. crore) 1006.53 724.67 39% 922.72 9%
Non Interest
Income
(Rs. crore) 783.54 593.96 32 % 761.61 3%
Total Revenues
(Rs. crore) 1877.82 1427.07 32% 1742.27 8%
NII
(Rs. crore) 1094.28 833.11 31 % 980.66 12%
Net Profit
(Rs. crore) 560.04 430.20 30% 525.04 7%
Core Fee Income
(Rs. crore) 673.30 544.99 24 % 636.20 6%
2. Key Ratios:
Performance highlights for the quarter ended September 30, 2015:
Operating Profit for the quarter was Rs.1,006.53 crore as against Rs.724.67 crore in the
corresponding quarter of the previous year, showing a robust growth of 39%
Net Profit for the quarter was Rs.560.04 crore as against Rs.430.20 crore in the corresponding
quarter of the previous year, showing a consistent growth of 30%
Net Interest Income (NII) was Rs.1,094.28 crore as compared to Rs.833.11 crore in the
corresponding quarter of the previous year, registering a growth of 31%
Core Fee Income for the quarter was Rs.673.30 crore as against Rs.544.99 crore in the
corresponding quarter of the previous year, marking a sustained growth of 24 %
Non Interest Income for the quarter was Rs.783.54 crore as against Rs.593.96 crore in the
corresponding quarter of the previous year, a growth of 32%
Net Interest Margin (NIM) for the current quarter was 3.88 % as against 3.63 % in the corresponding
quarter of the previous year
Performance highlights for the 6-month period ended September 30, 2015:
Operating Profit for the half-year ended was Rs.1,929.25 crore as against Rs.1,473.87 crore in the
corresponding period of the previous year, showing a growth of 31%
Net Profit for the half-year ended September 30, 2015 was Rs.1,085.08 crore as against Rs. 851.26
crore in the corresponding period of previous year, up by 27%
Net Interest Income (NII) was Rs.2,074.94 crore as compared to Rs.1,633.77 crore in the
corresponding period of the previous year, up 27%
Core Fee Income was Rs.1,309.50 crore as against Rs.1,061.06 crore in the corresponding period of
the previous year, showing a consistent growth of 23 %
Non Interest Income was Rs.1,545.15 crore as against Rs.1,199.88 crore in the corresponding period
of the previous year, up by 29%
Particulars (in %) Q2 FY16 Q2 FY15
Net Interest Margin 3.88 3.63
Capital Adequacy Ratio ( CAR) 16.52 12.96
Return on Equity 16.70 18.24
Return on Assets 1.93 1.88
Provision Coverage Ratio 60.01 70.21
Net NPA 0.31 0.33
3. The CASA (Current Accounts-Savings Accounts) ratio improved to 34.74 % against 33.89 %
Gross NPA in current Q2 is at 0.77% as against 1.08% in the previous year Q2
Increase in branch network from 685 branches and 1277 ATMs in the previous year to 854 branches
and 1578 ATMs this year as on 30th
September, 2015
Total Advances as on September 30, 2015 were at Rs. 78,294 crore as compared to Rs. 59,931 crore
in the corresponding period of the previous year, recording a growth of 31 %
Total Deposits as on September 30, 2015 were at Rs. 80,841 crore as compared to Rs. 65,996 crore
in the corresponding period of the previous year, up by 22%
Capital Adequacy Ratio as per BASEL III Capital regulations as on September 30, 2015 was 16.52 %
During the quarter, Bank successfully completed a Qualified Institutions Placement (QIP) issue allotting
5,12,18,640 equity shares of Rs. 10/- each at a price of Rs. 845.00 per share aggregating to Rs. 4,327.98
crores and a Preferential Allotment of 87,81,360 equity shares of Rs. 10/- each at a price of Rs.857.20
per share to the promoters aggregating to Rs. 752.74 crores.”
The Bank integrated Diamond and Jewellery financing business acquired from Royal Bank of Scotland
N.V. involving takeover various assets and liabilities including an advance portfolio of Rs. 4,130.40
crores.
Commenting on the performance, Mr. Romesh Sobti, MD & CEO, IndusInd Bank said, “This quarter, the
Bank has shown consistent performance in its bottom lines given the challenging times, both globally as
well as in the domestic market. However, the overall industry sentiment is looking positive. Our
Operating Profit rose by 39% and our NIM has grown to a healthy 3.88%. Digitisation continues to be a
core area of thrust for us. We remain committed to our promise of Responsive Innovation theme with
the introduction of ‘Onthego’ Social Banking which offers customers a host of banking services including
transactions through social platforms like Twitter and Facebook without the necessity of downloading
an additional app.”
About IndusInd Bank
IndusInd Bank, which commenced operations in 1994, caters to the needs of both consumer and
corporate customers. Its technology platform supports multi-channel delivery capabilities. As on
September 30, 2015, IndusInd Bank has 854 branches, and 1578 ATMs spread across 544 geographical
locations of the country. The Bank also has representative offices in London, Dubai and Abu Dhabi. The
Bank believes in driving its business through technology. It enjoys clearing bank status for both major
stock exchanges - BSE and NSE - and major commodity exchanges in the country, including MCX, NCDEX,
and NMCE. IndusInd Bank on April 1, 2013 was included in the NIFTY 50 benchmark index. Recently,
IndusInd Bank ranked 13th amongst the Top 50 Most Valuable Indian Brands 2015 as per the BrandZ
Top 50 rankings powered by WPP and Millward Brown.
4. Ratings:
ICRA AA+ for Lower Tier II subordinate debt program by ICRA
ICRA AA for Upper Tier II subordinate debt program by ICRA
CRISIL A1+ for certificate of deposit program by CRISIL
CARE AA+ for Lower Tier II subordinate debt program by CARE
IND A1+ for Short Term Debt Instruments by India Ratings and Research
IND AA+ for Lower Tier II subordinate debt program by India Ratings and Research
IND AA for Upper Tier II subordinate debt program by India Ratings and Research
IND AA+ for Senior unsecured bonds program by India Ratings and Research
Visit us at www.indusind.com
For more details on this release, please contact:
Mohit Ganju Rasika Badshah /Namita Sharma
IndusInd Bank Ltd. Adfactors PR Pvt. Ltd.
mohit.ganju@indusind.com/ rasika.badshah@adfactorspr.com/
0124-4749517 namita.sharma@adfactorspr.com
9821631379/ 9820950663