IndusInd Bank says SFIO has launched an investigation under Section 212 and sought information after discrepancies were flagged in derivatives and microfinance accounting
ICICI Bank, HDFC Bank, IndusInd Bank from private lenders, and state-run SBI and Bank of Baroda look favourably placed on charts, says Aakash Shah, Technical Research Analyst of Choice Equity Broking.
The RBI has allowed HDFC Bank and its group firms to buy up to 9.5 per cent stake in IndusInd Bank within one year, as the private lender faces losses and governance issue
The bank reported its largest-ever quarterly loss in the three months ended March 31, following a $230 million hit to its accounts, amid governance and accounting failures
IndusInd Bank has made key leadership appointments, naming a new CHRO, chief data officer, head of wholesale banking and an MD and CEO for Bharat Financial Inclusion, its microfinance subsidiary
IndusInd expects to grow in line with the country's banking sector next year, its chief executive said last month, following efforts to clean up its books
The brokerage argued that the profitability downcycle, marked by several quarters of net interest margin (NIM) compression and elevated credit costs, is now behind the sector.
In the past one month, the stock price of IndusInd Bank has outperformed the market by gaining 13 per cent, as against 1 per cent rise in the BSE Sensex.
IndusInd Bank share price rallied today amid reports that the Economic Offences Wing (EOW) of the Mumbai Police found no lapses in the lender's finances
This year, IndusInd Bank disclosed incorrect accounting on derivative trades that prompted a $230 million hit to its accounts and led to exit of former CEO Sumant Kathpalia and deputy CEO Arun Khurana
IndusInd Bank has appointed Amitabh Kumar Singh, a former ICICI Group executive, as its Chief Human Resources Officer, effective November 10, as part of its leadership expansion drive
IndusInd Bank CEO Rajiv Anand outlines three-year plan to boost deposits, expand MSME and retail lending, stabilise microfinance, and strengthen senior management
