The IndusInd Bank Ltd. belongs to Nifty 50 group of companies. For this reason fluctuations in IndusInd Bank share price share price affects the benchmark index.
IndusInd Bank Share Price Graph
IndusInd Bank was named after the Indus valley civilisation. The bank was incorporated in 1994 to materialize the vision of Shri Chand Hinduja, head of Hinduja Group of Companies. In June 2004, IndusInd Bank Ltd. merged with Ashok Leyland Finance which was, then one of the largest hire purchase and leasing finance company in India. This step helped the company to grow in a big way and today it is one of the top growing banks in India.
IndusInd Bank was one of the first few private banks which started operations in India after the Government of India came up with the policy to allow private banks to start banking business in India. It was fist such step taken by Government of India after nationalisation of private banks took place after independence. In the year of 1994 IndusInd Bank started its banking business, the year govt. made decision to allow privately run banks to enter into banking sector.
With a view to expand and reach more consumers and make footsteps in diversified banking services. it has earned the position it is in now. Today, it runs a network of 573 branches and 1055 ATMs across the country. It also has international office in London and Dubai to cater NRIs (non resident Indians) and international customers.
It is the first Indian bank to receive ISO 9001 : 2000 certification for corporate governance for its offices. IndusInd Bank has entered in to a business alliance with Religare securities to provide its customer a three-in-one package comprising of a bank account combined with a demat account and a trading account for trading and investing in stock market in India.
IndusInd Bank has received numerous national and international awards of excellence for its performance in banking and financial sector.
Company Financials – IndusInd Bank share price is Rs 1490.95 (as on 23.06.17, EOD) in BSE. As per latest data, the standalone basis P/E is 31.11 versus average industry PE of 27.31, EPS is Rs 47.92. Market cap is Rs 1,22,241 crores. The face value of share is Rs 10. Net NPA to Net Advance percentage stands at 0.38% (as per data of fiscal,’16).
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