Indusind

IndusInd Bank denies report of talks to bring in strategic partner

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

IndusInd Bank looks to claw back salary, bonuses of former top officials

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

Private lender IndusInd Bank appoints Amitabh Kumar Singh as new CHRO

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 targets market-level growth next fiscal, says new CEO

In the September quarter - the first under new chief executive Rajiv Anand - the bank reported a net loss as its loan and deposit portfolios shrank

IndusInd International Holdings-Invesco JV for MF business gets operational

IndusInd Bank promoter IndusInd International Holdings and US-based Invesco on Sunday announced that they have completed the formation of their asset management joint venture, following IIHL's acquisition of a 60 per cent ownership stake in Invesco Asset Management India. Following all regulatory approvals and closing conditions, Invesco Ltd, with the remaining 40 per cent stake, will hold joint sponsor status with the Hinduja Group firm IndusInd International Holdings Ltd (IIHL) in the asset management company, a joint statement said. As of September 2025, Invesco Asset Management India (IAMI) is the 16th largest domestic asset manager in India, with combined onshore and offshore (through advisory) average assets under management of Rs 1,48,358 crore for the quarter ending September 2025 and a presence in 40 cities across the country. Both partners contribute their respective strengths to the joint venture (JV), with Invesco offering its global investment management expertise and .

NCLAT asks IIHL to provide timeline to stop using Reliance trademark

Insolvency appellate tribunal NCLAT has asked Hinduja group firm IndusInd International Holdings Ltd (IIHL) to submit a timeframe by which it will discontinue using Reliance trademark for the financial service firm Reliance Capital. The counsel appearing for IIHL submitted before NCLAT that the process of name change after the acquisition of Reliance Capital has already started, and is likely to be completed in eight weeks. The National Company Law Appellate Tribunal (NCLAT) was hearing an appeal filed by Anil Dhirubhai Ambani Ventures Pvt Ltd (ADAVL), which has sought a stay over the use of the trademark Reliance after the takeover of Reliance Capital, through the insolvency resolution process. Noting IIHL's submission, a two-member National Company Law Appellate Tribunal (NCLAT) bench recorded in its order, "It is emphasised by Sr Counsel for the Respondent (IIHL) that the process of changing the brand name of the appellant with a new brand name, which is intended to be acquired b

Invesco Mutual Fund gets Sebi nod to transfer 60% stake to Hinduja's IIHL

Invesco Mutual Fund has received market regulator Sebi approval to transfer a controlling 60 per cent stake to IndusInd International Holdings Ltd (IIHL), according to sources. The Securities and Exchange Board of India (Sebi) has recently provided all approvals to the pending applications by Invesco India for a change in control of Invesco AMC, Invesco Trustee Company and to the PMS business, they added. According to sources, Sebi has also approved the appointment of directors on the board of the Invesco Trustee Company. The Competition Commission of India (CCI) had approved the acquisition of shareholding in each of Invesco Asset Management (India) Private Ltd and Invesco Trustee Private Ltd by Hinduja Group's firm IIHL in August 2024. The proposed combination pertains to the acquisition of 60 per cent shareholding in each of Invesco Asset Management (India) Private Ltd (Invesco AMC) and Invesco Trustee Private Ltd (Invesco Trustee) by IIHL. IIHL will be holding the investment .

RBI grants 1-month extension to IndusInd Bank's committee of executives

Bank's chief human resources officer resigns after a two-decade stint with the bank

Indusind Bank board under scrutiny following Sebi's ex-parte interim order

Indusind Bank chairman Sunil Mehta commits to addressing board accountability after Sebi's order highlighted accounting discrepancies and senior management awareness

How Sebi fixed ₹20 cr disgorgement in IndusInd Bank insider trading case

Market regulator says five senior officials of the lender sold shares while holding unpublished price-sensitive information

IIHL ready to support IndusInd Bank through equity infusion: Hinduja

Shares of the lender closed 1.82 per cent higher on the BSE on Tuesday, despite trading in the red in the early session

IndusInd Bank's financials may stay weak; new CEO faces challenges

IndusInd Bank may face muted financials in the medium to near-term, and the new MD and CEO will have an "uphill task" of resurrecting the bank and regaining investor trust, brokerages said on Thursday after the beleaguered bank reported its biggest net loss in 20 years. Most brokerages see downside in shares of IndusInd Bank, which posted a net loss of Rs 2,329 crore, marking one of the worst quarters in terms of both financial metrics and top level upheavals in the wake of accounting (derivative, MFI, other assets/liabilities) fraud. Brokerage firm Emkay in its note said: "We believe these developments could hurt the bank's business and financials in the near-to-medium term." Nirmal Bang, taking note of "uncertain outlook on various parameters", has cut the bank's earnings estimates by 23.6 per cent in current fiscal and 13 per cent for FY'27. Lapses in derivatives accounting, slippages in microfinance portfolio, and fraud in balance sheet disclosures have rattled the private sect

IndusInd Bank reveals ₹173 cr fraud in microfinance during intern audit

IndusInd Bank uncovers suspected internal fraud involving about ₹173 crore in microfinance; board initiates legal steps and adjusts FY25 accounts to reflect discrepancies

Forensic review reveals IndusInd Bank executives traded in its shares

The summary of Grant Thornton's findings did not disclose further details of the share trading or offer any conclusions about its nature

Nifty stocks to watch in FY26: Right stocks could yield high returns

Most brokerages predict the 50-share blue chip index will deliver double-digit returns this year, thanks to moderation in valuations

RCap lenders withdraw petition against IndusInd International at NCLAT

Lenders of debt-ridden Reliance Capital have withdrawn petition filed against IndusInd International Holdings Ltd (IIHL) before appellate tribunal NCLAT. The Committee of Creditors (CoC) of Reliance Capital has informed NCLAT that the resolution plan was completely implemented by IIHL with the transfer of complete payment amounts in terms of the resolution plan. The CoC sought permission of the National Company Law Appellate Tribunal to withdraw its appeal filed against the NCLT order, in consideration of the completion of the implementation of the resolution plan by IIHL. While allowing CoC's application for withdrawal, NCLAT noted counsel appearing for the administrator as well as IIHL had no objection towards this. "In the circumstances, the said application stands allowed. Accordingly, the appeal is disposed of as withdrawn. Pending applications, if any, are also disposed of," said a two-member bench comprising Justice Yogesh Khanna and Ajai Das Mehrotra in its order passed on

Mazagon, Paytm, IndusInd: These are top wealth creators, destroyers of FY25

After a period of being net buyers in the first half of the fiscal year, FIIs reversed their stance in the second half, unloading over ₹1.5 lakh crore worth of Indian equities

Insider trading glare on senior IndusInd Bank officials. What do rules say?

Between May 2023 and June 2024, IndusInd Bank CEO Sumant Kathpalia sold nearly 950K shares valued at approximately Rs 134 cr, while Dy CEO Arun Khurana sold 550K shares worth around Rs 82 cr

IndusInd Bank raises $2 billion in higher-cost bulk deposits in March

The discrepancies have led to concerns over governance at the bank and the appointment of Grant Thornton to conduct a forensic review into the accounting lapses

PwC may submit report on IndusInd's accounting discrepancies on Mar 28

External auditor PwC is likely to submit its report to IndusInd Bank's board on Friday regarding accounting discrepancies in its derivatives portfolio, sources said. As per an estimate, Rs 2,100 crore discrepancy in accounting may impact 2.35 per cent of the bank's net worth. The comprehensive report by PwC is expected to point out actual loss to the bank due to accounting discrepancies, lapses at various levels and remedial action, sources said. Banking sector regulator, Reserve Bank had directed the board and the management of IndusInd Bank to take remedial action during the current quarter itself after making required disclosures to all stakeholders. The current quarter comes to an end on March 31. Meanwhile, the IndusInd Bank's board has also hired Grant Thornton to conduct a forensic audit into accounting lapses. As per the mandate, Grant Thornton would conduct a comprehensive investigation to identify the root cause of the discrepancies and assess the correctness and impact