IndusInd Bank Ltd share Price

Indusind Bank Limited is engaged in the banking sector. The company has its market capitalization worth INR 65,540.24 Cr. as of 16th April 2021. The company was established in 1994. The company has reported quarterly revenue of INR7,241.50 crore at the end of December 2020. This company is listed on the Bombay Stock Exchange (BSE), having the code 532187 and on the National Stock Exchange (NSE) with the symbol INDUSINDBK. Bank has its headquarters in Pune; the bank offers commercial, transactional and electronic banking products and services and boasts about being the first among the new-generation private banks in India. IndusInd Bank is one of the new generation's private sector banks of India. It has a broad reach with over 5000 distribution points, 1911 branches and a network of 205 crore customers across. The services offered by the bank include branch banking, consumer finance, commercial and transactional banking, corporate banking and finance, cash management services, treasury services, trade services utility (TSU), wealth management and depository operations. The bank operates under the leadership of MD CEO Mr SumantKathpalia and Chairman R. Seshasayee. IndusInd Bank built on its Fingerprint Banking on its app, launching its form of an all-in-one store on the Indusmobile App. The bank was awarded TIMES NOW India Digital Awards 2019 for its innovative money transfer product and services. In 2020, Bharat Financial Inclusion Limited was strategically merged with IndusInd Bank post, which, the bank was able to serve 22.2 million customers. The bank is also a part of the strategic alliance with Religare Securities to offer a value-added savings account-linked package for the customers, such that one saving would comprise a depositor account, an internet trading account, along with a normal savings account. The bank showed a 3-year CAGR growth of 24.4% in revenue collected and a net profit of 15.8% during the same tenure. In February 2021, it also got a capital boost of INR 2021 crore from its promoters which also shot the share price to INR 1,032.6 per share. The bank's deposit base declined to INR 2.02 lakh crore in March 2020, but the preceding quarter figure stands at INR 2.16 lakh crore. However, the RoA consistently improved to 1.05% as of December 2020.