INDUSIND BANK LTD. - 532187 - Statement Of Investor Complaints For The Quarter Ended September 2020
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter 0550 Name of the Signatory :- Haresh GajwaniDesignation :- Company Secretary and Compliance Officer
A reference is invited to the filing made by the Bank today in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 in the matter of monetary penalty of Rs.45 million on the Bank for non-compliance with certain directions issued by Reserve Bank of India (RBI). This disclosure is being made to clarify as under: 1.The monetary penalty was levied by RBI with reference to findings of annual statutory inspection of Bank's pertaining to the position as on March 31, 2019 (FY 2019) conducted in July - September 2019 and the Risk Assessment Report (RAR) pertaining thereto. 2.There is no other monetary impact on the current financial statements / performance of the Bank. 3.Bank would like to reiterate our stated policy to be a fully compliant Bank. Where required, corrected processes have already been put in place. A copy of this letter is being uploaded on the website of the Bank at www.indusind.com. Kindly take the above on record.
This is to inform that in terms of the powers conferred under Sections 35, 46 and 47A of the Banking Regulation Act, 1949, RBI has imposed monetary penalty of Rs.45 million (Rupees forty-five million only) on the Bank for non-compliance with certain directions issued by RBI on 'Exposure Norms', 'Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances', 'SPARC - Monitoring of Information Submission by bank', 'Creation of a Central Repository of Large Common Exposures - Across Banks' read with directions on 'Central Repository of Information on Large Credits (CRILC) - Revision in Reporting', and 'Disclosure in Financial Statements - Notes to Accounts'. This disclosure is being made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A copy of this letter is being uploaded on the website of the Bank at www.indusind.com.
: Allotment of shares under the Company's Employee Stock Option Scheme Ref: IndusInd Bank Limited This is to inform that the company has allotted 16,070 (Sixteen Thousand Seventy) equity shares of Rs.10/- (Rupees Ten Only) each on October 16, 2020 to those grantees who had exercised their option under the Company's Employee Stock Option Scheme. The said shares will rank pari-passu with the existing shares of the Company in all respect. Please take the above on record and upload this announcement on the website of the Exchange.
Certificate pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 In compliance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, we furnish herewith Certificate dated October 14, 2020 issued by Link Intime India Pvt. Ltd., Registrar & Share Transfer Agent of the Bank.
Dear Sirs / Madam, Pursuant to Regulation 7(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby confirm that activities in relation to share transfer facility were maintained during the period April 1, 2020 to September 30, 2020 (both days inclusive) by the Company's Registrar and Share Transfer Agent, viz., Link Intime India Private Limited, which is registered as Registrar & Share Transfer Agent in Category-I with the
Valuation and Risks: Despite concerns over near-term asset quality risks and impact of high credit costs on earnings, we believe all negatives and concerns are adequately priced incurrently as the stock is trading at historically low valuations.
Indusind Bank Ltd, vide its letter dated October 09, 2020, has informed BSE about Statement of Debt Securities/NCDs for the period ended September 2020, pursuant to SEBI Circular bearing reference no. CIR/IMD/DF-1/67/2017 dated June 30, 2017.