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IndusInd Bank
partner in Rs 100 crore deal
Posted by :
vasisthaTracked by: 0 Boarder
HELLO,
Can you say something about this deal in context of long term
perspective??
with thnx
vasistha...
In reply to:
partner in Rs 100 crore deal
Posted by :
latikav
IndusInd, Grameen Capital, SKS partner in Rs 100 crore deal
---------------MUMBAI: Three leading institutions, IndusInd Bank, Grameen Capital India and SKS Microfinance, today announced the closure of a Rs 100 crore assignment of microfinance receivables.
Grameen Capital structured and arranged the transaction, comprising a pool of advances to agriculture and allied sectors, a press release issued here stated.
Private sector IndusInd Bank has been assigned microfinance receivables totalling Rs 150 crore of which the first tranche of Rs 100 crore transaction was closed on July 29. The second tranche is slated to be concluded in February 2009, the release said.
IndusInd Bank's Head, Corporate & Investment Banking, Suhail Chander, said that "this is an excellent opportunity for us, not only to build up our agri portfolio, but also to be involved in the fast-growing microfinance field."
"The transaction allows us to diversify our asset base by partnering with globally-recognised microfinance players," he added.
SKS Microfinance's Chief Financial Officer, Dilliraj S, said that "normally, the assignment of agri portfolio picks up in the fourth quarter only. We are glad that we were able to warm up the market right in July itself."
The structure was a win-win deal for both IndusInd Bank and SKS Microfinance, Dilliraj said. While SKS got access to low-cost money in July itself, IndusInd was also assured of peak outstanding in March 2009 with a top-up at a pre-negotiated rate, he added
ET 
Hindujas--How good they are
Posted by : gvTracked by: 0 Boarder
Hi,
IndusInd Bank closes Rs 1 bn microfinance deal
- The Financial Express
Private sector lender IndusInd Bank said on Wednesday it has closed microfinance receivables worth 1 billion rupees.
It was part of the 1.5 billion rupees worth of microfinance receivables which the bank has been assigned, it said in a statement.
The balance is expected to be concluded in... ...
partner in Rs 100 crore deal
Posted by : latikavTracked by: 0 Boarder
IndusInd, Grameen Capital, SKS partner in Rs 100 crore deal
---------------MUMBAI: Three leading institutions, IndusInd Bank, Grameen Capital India and SKS Microfinance, today announced the closure of a Rs 100 crore assignment of microfinance receivables.
Grameen Capital structured and arranged the transaction, comprising a pool of advances to agriculture and allied sectors, a press release issued here stated.
Private sector IndusInd Bank has been assigned microfinance receivables totalling Rs 150 crore of which the first tranche of Rs 100 crore transaction was closed on July 29. The second tranche is slated to be concluded in February 2009, the release said.
IndusInd Bank's Head, Corporate & Investment Banking, Suhail Chander, said that "this is an excellent opportunity for us, not only to build up our agri portfolio, but also to be involved in the fast-growing microfinance field."
"The transaction allows us to diversify our asset base by partnering with globally-recognised microfinance players," he added.
SKS Microfinance's Chief Financial Officer, Dilliraj S, said that "normally, the assignment of agri portfolio picks up in the fourth quarter only. We are glad that we were able to warm up the market right in July itself."
The structure was a win-win deal for both IndusInd Bank and SKS Microfinance, Dilliraj said. While SKS got access to low-cost money in July itself, IndusInd was also assured of peak outstanding in March 2009 with a top-up at a pre-negotiated rate, he added
ET...
NSE Announcements on IndusInd Bank
Posted by :
MMB MessengerTracked by: 0 Boarder
Indusind Bank Limited has informed the Exchange regarding a press release dated August 20, 2008, titled "Indusind Bank, Grameen Capital and SKS Microfinance Partner In Rs. 100 Crore Microfinance Transaction". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements)....
BSE Announcements on IndusInd Bank
Posted by : MMB MessengerTracked by: 0 Boarder
Indusind Bank Ltd has informed BSE regarding a Press Release dated August 20, 2008 titled "Indusind Bank, Grameen Capital and SKS Microfinance Partner in Rs 100 Crore Microfinance Transaction"...
NIKUNJ PATEL
Posted by : GuestTracked by: 0 Boarder
I HAVE 1000 SHARES OF INDUSIND BANK @100.PLEASE TELL ME SIR, I AM BUY, SELL OR HOLD.I AM LONG TERM INVESTOR.
PLEASE TELL ME.
...
IndusInd to re-enter personal loans
Posted by : latikavTracked by: 0 Boarder
The Hindujas-controlled IndusInd Bank plans to re-enter the personal loan business after having almost stopped extending loans about two years ago.
The bank may launch personal loan products in October-December, said a senior official of the bank. “We are looking at launching the products in a selective way. Initially, the product, which is scheduled to be launched in the third quarter of the financial year, will only be sold to the bank’s existing clients,” the official said.
The private sector bank will, however, adopt a cautious approach in granting personal loans, a business characterised by high delinquencies.
The bank’s exposure to the personal loans segment is a mere Rs 200 million, against total outstanding loans worth Rs 130 billion.
The bank has about 2 million clients. The ticket size of the personal loan product will range from Rs 50,000 to Rs 300,000.
“As of now, personal loans do not constitute any asset class of the bank. We are looking at building up that portfolio,” the official said. Two years ago, the bank had almost exited from the personal loan segment as it focussed on building its automobile and commercial vehicle loans business after taking over a non-banking finance company—Ashok Leyland Finance.
About 70 per cent of IndusInd Bank’s lending is targetted at the retail sector, with a sizeable exposure to vehicle financing.
Personal loan is a high-risk-high-return business and most banks are shying away from being aggressive in this segment due to fears of rising default.
BS...
NSE Announcements on IndusInd Bank
Posted by :
pbuTracked by: 0 Boarder
Hi
I bought 500 shares of Indusind on 28-05-2008, Now they have announced divident as 6% and announcment date as 25-06-08 , Can I eligible to get the divident? If so how it'll come to my hand? whether it'll directly credited the account which I'm linking with broker?
Can anybody help me out?
-Prabhu...
In reply to:
NSE Announcements on IndusInd Bank
Posted by : MMB Messenger
Indusind Bank Limited has informed the Exchange regarding a press release dated August 06, 2008, titled "IndusInd Bank hikes PLR by 75 bps; Revises FCNR & NRE deposit rates". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).
NSE Announcements on IndusInd Bank
Posted by : MMB MessengerTracked by: 0 Boarder
Indusind Bank Limited has informed the Exchange regarding a press release dated August 06, 2008, titled "IndusInd Bank hikes PLR by 75 bps; Revises FCNR & NRE deposit rates". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
BSE Announcements on IndusInd Bank
Posted by : MMB MessengerTracked by: 0 Boarder
Indusind Bank Ltd has informed BSE that the Bank has revised its PLR rate upwards to 17.00% from 16.25% w.e.f. August 04, 2008.
The Bank has also revised NRE & FCNR deposit rates w.e.f. August 01, 2008. In this regard the Bank has issued a Press Release dated August 06, 2008 titled "Indusind Bank hikes PLR by 75 bps; Revises FCNR & NRE deposit rates"...
NSE Announcements on IndusInd Bank
Posted by : MMB MessengerTracked by: 0 Boarder
Indusind Bank Limited had informed the Exchange that Banks Register of Members and Share Transfer Books shall remain closed from August 18, 2008 to September 02, 2008 (both days inclusive) for the purpose of the Annual General Meeting scheduled to be held on September 02, 2008 and for the payment of dividend @ 6% for the financial year ended March 31, 2008, if approved at the ensuing Annual General Meeting of Bank. The Bank has now informed the Exchange that due to unavoidable circumstances, the Annual General Meeting of the Bank has been rescheduled for September 22, 2008. Consequent upon this development, the Register of Members and Share Transfer Books of the Bank will therefore remain closed for the purpose of the Annual General Meeting and for payment of dividend, when approved, from September 08, 2008 to September 22, 2008 (both days inclusive)....
BSE Announcements on IndusInd Bank
Posted by : MMB MessengerTracked by: 0 Boarder
With reference to the earlier announcement dated July 17, 2008 regarding the 14th Annual General Meeting of the Bank, Indusind Bank Ltd has now informed BSE that due to unavoidable circumstances, the 14th Annual General Meeting of the Bank has been rescheduled for September 22, 2008.
Consequent upon this development, the Register of Members & Share Transfer Books of the Company will therefore remain closed from September 08, 2008 to September 22, 2008 (both days inclusive) for the purpose of payment of dividend & 14th Annual General Meeting (AGM) of the Company to be held on September 22, 2008....
Hello
Posted by : sanjeev3430Tracked by: 0 Boarder
I very much agree with your view. There is certainly a question on their ethical issue. I plan to keep a strict stop loss on this counter. ...
In reply to:
Hello
Posted by : gv
Hi,
I don't want to sound negative
but just be careful when you invest in Hinduja staple
Tracked by: 0 Boarder
Hi,
I don't want to sound negative
but just be careful when you invest in Hinduja staple...
In reply to:
Hello
Posted by : sanjeev3430
Today brought few shares of IndusInd. I think three things going for this stock. One, In the bear market usually the banks are the first stocks to rise when the market moves up. Second, Four new guys from ABN. Third, CEO seems to be confident to deliver higher than averge growth as compared to other banks. Let us see how it goes.
Hello
Posted by : sanjeev3430Tracked by: 0 Boarder
Today brought few shares of IndusInd. I think three things going for this stock. One, In the bear market usually the banks are the first stocks to rise when the market moves up. Second, Four new guys from ABN. Third, CEO seems to be confident to deliver higher than averge growth as compared to other banks. Let us see how it goes. ...
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