Indusind Bank

IndusInd Bank reports 10% year-on-year rise in its deposits at ₹2.28 lakh crore during the quarter ended Sept. The lender had deposits ₹2.07 lakh crore in the second quarter of previous fiscal

A key barometer that investors would look at will be the pile of loans the bank will restructure this year

Finance Committee of the Board of Directors of the Bank approved the allotment of 4.76 crores of equity shares at a price of ₹524 per equityShares of IndusInd Bank gained 2.08% to close at ₹640.75 on BSE

The bank invoked pledge on 56,83,320 shares forming 7.82% of paid-up equity share capital of Eveready Industrie

On the NSE, Indusind Bank stock gains 7.17% to Rs564.75. And it surges by 6.99% to Rs563.75 on the BSE

Promoter entities, including Hinduja Capital and IndusInd International, will infuse ₹792 croreThe lender reported a 67.86% decline for June quarter profit, dented by higher provisions

Route One currently holds 4.96% stake in the bankThe investment will help the bank shore-up its capital adequacy numbers from 15.04% at the end of the March quarter

WayCool Foods plans to use the funds to introduce advanced technology, implement strict hygiene measuresThe company has previously raised three rounds of funding from Lightbox, LGT Lightstone Aspada, FMO, Caspian Impact Investment, and Northern Arc Capital Ltd.

Investors would derive comfort from the capital raising plan, especially as the capital adequacy ratio is at 15.6%

IndusInd Bank promoters have sought RBI approval to raise their stake in the bank to 26%