IndusInd Bank has rejected allegations made by its former CFO, Gobind Jain, against Chairman Sunil Mehta, calling the claims meritless and part of an attempt to deflect accountability
CEO Rajiv Anand has asked division heads to identify lapses in their businesses and submit improvement plans as part of a new three-year roadmap
IndusInd Bank shareholders voted against a promoter resolution seeking to appoint two nominee directors, even as they approved Rajiv Anand's appointment as MD & CEO
Anand, whose appointment was announced earlier this month, was previously deputy managing director at Axis Bank and held key management positions at leading global financial institutions
IndiGo and Hero MotoCorp seem to be favourably placed on the charts; while IndusInd Bank continues to display a weak bias. Here are the key levels to track on these 4 stocks.
IndiGo and Max Healthcare are likely to see inflows of approximately $507 million and $423 million, respectively.
Anand will be expected to scale the differentiated franchise of the bank, with a strong ethical foundation, Mehta added
The developments at IndusInd Bank have led RBI's senior supervisory managers (SSMs) to take a closer look at bank boards, including the agenda presented, the time spent discussing specific items
Consolidation of balance sheet likely to top Rajiv Anand's agenda at the bank
Stocks to Watch today, August 5, 2025: DLF, Aurobindo Pharma, IndusInd Bank, Bosch, and Inox India are some of the key stocks to watch today
Kotak Securities said Rajiv Anand's appointment helps ease concerns and marks a step toward restoring confidence in IndusInd Bank
Rajiv Anand has been appointed as the MD&CEO of IndusInd Bank for a 3-year term, effective from August 25, 2025, following the resignation of Sumant Kathpalia
Stock Market Highlights on Tuesday, July 29, 2025: All sectoral indices ended in the green on Tuesday, with notable gains in metal, pharma, realty, oil & gas, and healthcare stocks
IndusInd Bank Q1 results review: IndusInd Bank reported a 72 per cent decline in net profit; what's next?
Chairman Sunil Mehta says CEO selection is with RBI; bank strengthens governance, cost controls, and collections to restore profitability
Bank posts Rs 604 crore Q1FY26 profit amid higher provisions, declining microfinance asset quality, and subdued core and non-core income
Private sector lender Indusind Bank on Monday reported a 72 per cent drop in its consolidated net profit for the June quarter at Rs 604 crore. Indusind Bank, which is reeling under a slew of issues stemming from alleged irregularities of the management in recognising bad loans and trading reverses, had reported a net profit of Rs 2,171 crore in the year-ago period. It had reported a loss of Rs 2,329 crore in the preceding March quarter, and the interim management, which has taken over operations of the business after the resignation of leadership including then chief executive Sumant Kathpalia, had said that all the possible impacts are recognised. Total income dropped to Rs 14,420.80 crore in the April-June quarter of FY26 compared to Rs 14,988.38 crore in the year-ago period. The lender's core net interest income also declined to Rs 4,640 crore during the reporting quarter against Rs 5,408 crore. Decline in fee and other income was relatively limited, with the overall number ...
Stock Market Highlights on Monday, July 28, 2025: Barring Nifty FMCG and Pharma, all other sectoral indices on the NSE settled in the red, with the Nifty Realty index being the top laggard
Bank's chief human resources officer resigns after a two-decade stint with the bank
The board approved raising Rs 30,000 crore via debt and equity and cleared promoter rights to nominate two directors, pending RBI and shareholder approvals