According to ACE Equity data, LIC and ICICI Prudential fund held more than 5% stake in IndusInd Bank; another 13 fund houses owned more than 1 per cent equity of the bank as of December quarter.
Hinduja Group stocks: Share price of Ashok Leyland, and Gulf Oil Lubricant fell as low as 3.8 per cent each on Tuesday
The stock hit an intraday low of Rs 720.50 on Tuesday. It has more than halved from its 52-week high level of Rs 1,576, which it touched on April 8, 2024.
Technical chart hints up to 10% downside risk for the Bank Nifty; among private banking shares HDFC Bank looks weak; while ICICI Bank and Axis Bank may trade with a favourable bias in the near-term.
FIIs net sold shares worth Rs 485.41 crore, while DIIs net bought shares worth Rs 263.51 crore, on March 10
Stocks to Watch Today, March 11, 2025: IndusInd Bank share price will be in focus today after the bank reported discrepancy in derivative trade. This comes after the CEO got just a one-year extension
The Mumbai-based lender said the net worth impact emerged from internal derivative trades, which were not in compliance with rules enforced by the Reserve Bank of India from April 2024
This is the second consecutive time that the banking regulator has approved a shorter tenor, despite the board requesting a full three-year term
Discrepancies in derivatives portfolio to have 2.35% impact on the lender's net worth
On the bourses, IndusInd Bank shares have tanked about 8 per cent in the last five trading sessions, 15 per cent in the past month and 37 per cent in the past six months
IndusInd Bank's board had sought a three-year reappointment from RBI
The Reserve Bank of India (RBI) approved Kathpalia's term to be extended from March 24 this year to March 23, 2026, IndusInd said
The Reserve Bank of India (RBI) approved Kathpalia's term to be extended from March 24 this year to March 23, 2026, IndusInd said
As per National Stock Exchange (NSE) bulk deal data, Integrated Core Strategies (Asia) Pte sold 50,86,943 shares for Rs 986.74 per share through a bulk deal
Bandhan Bank and IndusInd Bank likely to be biggest beneficiaries of the moves since both have high microfinance exposure
IndusInd Bank on Tuesday said tax authorities have slapped a demand notice of about Rs 21.62 crore for alleged short payment of GST. The bank has received a communication/demand order on Tuesday from Deputy Commissioner of State Tax, Ahmedabad, Gujarat for various GST issues, IndusInd Bank said in a regulatory filing. The financial impact of the demand is to the extent of Rs 21.62 crore including penalty, it said. The bank will explore filing of appeal against the order, it said.
Maximum interest rate of 7.75% for general and 8.25% for senior citizens applicable to tenures ranging from one year five months to just under one year six months
Stocks to Watch on Budget 2025: The management stated that any measures in the Union Budget, to be tabled today, supporting rural as well as overall economic activity could aid growth in MFI & CV biz
NII of the lender also declined marginally by 1 per cent Y-o-Y to Rs 5,228 crore
The bank's provisions and contingencies, or funds set aside to cover loan losses, jumped 87 per cent to Rs 1,744 crore