2017-10-13 :Commercial vehicle sales drive IndusInd net
IndusInd Bank made a net profit of Rs 880 crore for the September quarter. This is an increase of 25% credit growth and was reportedly being driven by retail loans. The month of September has seen the highest ever disbursement of commercial vehicle loans with a 25% growth.
2017-10-03 :IndusInd aims the huge unbanked population
IndusInd Bank has been focusing its growth on the country’s unbanked population which stands at 19%. The bank aims to double its business in terms of clients, loans and profits by 2020 and get at least 10% of its total profits from rural banking, according to its three year-planning cycle.
2017-09-15 :IndusInd Bank partners with ADB to provide loans to rural women
IndusInd Bank has announced that it has partnered with the Asian Development Bank (ADB). The ADB bank has signed a loan of 200 million dollar with IndusInd Bank to provide finance to low income women borrowers in rural India. Meanwhile, ADB will also extend its support to the bank to improve the financial literacy of women borrowers in villages.
2017-09-11 :IndusInd Bank and Bharat Financial signs exclusivity agreement
IndusInd Bank has announced that it has entered into a Confidentially, Exclusivity and Standstill Agreement with Bharat Financial. The agreement signed between them will evaluate a potential strategic combination between them by way of amalgamation through a scheme of arrangement. Meanwhile, the bank also plans to achieve stronger growth in its personal loan segment.
2017-09-09 :IndusInd Bank partners with SunTec to roll out GST
IndusInd Bank has partnered with SunTec business solutions. The partnership has been done to facilitate in computing and invoicing of the tax. This partnership is targeted to enable IndusInd Bank with a smooth transition with the various drafts of the GST Act and provide uninterrupted service to its customers.
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