Indusind Bank Ltd traded at 974.35 this Friday July 3rd, increasing 30.85 or 3.27 percent since the previous trading session. Looking back, over the last four weeks, Indusind Bank gained 7.88 percent. Over the last 12 months, its price rose by 13.79 percent. Looking ahead, we forecast Indusind Bank Ltd to be priced at 898.83 by the end of this quarter and at 841.06 in one year, according to Trading Economics global macro models projections and analysts expectations.
IndusInd Bank Limited (the Bank) is engaged in banking and para-banking services. The Bank is involved in accepting deposits, such as savings accounts, current accounts and fixed deposits, and banking solutions. The Bank is engaged in granting loans to various segments, such as industries and businesses, and retail loans; financing a range of vehicles or equipment to individuals, and priority sector lending. The Bank's segments include Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations. The Treasury segment includes investment portfolios, profit or loss on sale of investments, profit or loss on foreign exchange transactions, equities, income from derivatives and money market operations. The Corporate/Wholesale Banking segment includes lending to and deposits from corporate customers. The Retail Banking segment includes lending to and deposits from retail customers. The Bank operates approximately 1,000 branches. The Company has operations in India.