IndusInd Bank Ltd posted a nearly 27 percent surge in its fourth-quarter net profit on Thursday, driven by higher interest income.
Deutsche Bank (DBKGn.DE) has ended talks to sell its Indian retail and wealth management business to private lender IndusInd Bank Ltd (INBK.NS).
Markets remained firm during the week despite trade and geo-political tensions. The Nifty gained in all five trading sessions – the first time since November 2017.
Private sector lender IndusInd Bank today said it has received RBI's approval to buy the securities services arm of IL&FS.
After a strong opening, the BSE 30-share Sensex hit a high of 33,371.04, before closing at 33,174.39, up 107.98 points, or 0.33 per cent.
The 30-share index was trading higher by 239.03 points, or 0.70 per cent at 34,381.18 at 1050 hrs.
Private sector lender IndusInd Bank today said it has no direct or indirect credit exposures to Nirav Modi with regards to the LoUs issued by the scam-hit PNB.
Stocks of Yes Bank traded higher by 2.99 per cent, followed by HDFC Bank (up 2.79 per cent) and IndusInd Bank (up 2.01 per cent).
On NSE, shares of the company fell by 1.94 per cent to close at Rs 1,700.30.
Indusind Bank reported a 25% growth in Dec quarter net profit at Rs 936.25 crore boosted by higher core income.