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.
2017-07-11 :Indusind Bank reports net profit at Rs. 836 crore
Indusind Bank has reported a growth of 26 per cent in its net profit at Rs. 836 crore during the first quarter of FY18 as compared with Rs. 661 crore a year ago. The profitability of the bank is due to the rise in the loan disbursements including personal loans, home loans and business loans along with the effective management of its non-performing assets (NPAs) during the current financial year.
2017-06-09 :IndusInd Bank raises 225 million dollar loan for MSME lending
Indusind Bank has entered into an agreement with overseas private investment corporation (OPIC) to raise 225 million dollar loan. With this agreement, OPIC will extend its support to the bank in increasing its micro, small and medium enterprise (MSME) lending portfolio.
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