A recent press report said that IndusInd Bank has appointed Mr. Arun Khurana as its new head of global markets group. He has succeeded Moses Harding who was leading global market group till now and is going to take a new assignment as head of ALCO and economic & market research reporting directly to IndusInd… Read More »
According to a recent press report, IndusInd bank has raised its deposit rates from 4 percent to 6 percent which is 2 percent more than the previous rate. Reports said that the private sector lender has increased the interest up to 200 basis points, and through this the bank will offer the customers around 6… Read More »
A recent press report said that IndusInd Bank has increased the pricing on savings account deposits by up to 200 basis points. Reports said that the savings accounts balance up to Rs. 1 lakh will receive 5.5 per cent per annum, and balances above Rs. 1 lakh will get 6 per cent. The bank has… Read More »
A recent press report said that IndusInd Bank has posted a 52 per cent rise in net profit for the first quarter ended June 30, 2011. Net profit grew to Rs 180 crore, from Rs 118 crore in the corresponding quarter last year. Mr. Romesh Sobti, Managing Director and CEO, IndusInd Bank, said that the… Read More »
A recent press report said that IndusInd Bank has planned to open at least 400 new branches over the next three years as part of its branch network expansion strategy. Mr. Romesh Sobti, Managing Director and Chief Executive Officer, of the bank said that the bank has almost 310 branches and it is expected to… Read More »
According to a recent press report, Private sector IndusInd Bank, has signed a memorandum of understanding (MoU) with leading home-loan lender HDFC to sell the latter’s home loans for purchase, construction, extension and renovation of residences by individuals. A press release said that the processing, disbursement and servicing functions for all home loans sourced by… Read More »
IndusInd Bank has tied up with a housing finance company (HFC) to originate and distribute mortgages for a fee. Under this agreement, the borrowers would be customers of the bank while being in the books of HFC. Currently, home and personal loan together account for just Rs 227 crore (1 per cent of book worth… Read More »