Forcing bondholders to take 100 per cent haircut on the bank's AT-1 bonds would lead to losses to the tune of Rs 10,800 crore, estimates Acuite Ratings
The original plan was to borrow in local or foreign currency through AT-1 instrument or tier-2 capital
The promoters of the bank plan to acquire additional shares from open market in India
Nifty PSU Bank index tanked over 10-year low after falling 8 per cent in intra-day
In the past two months, IndusInd Bank has plunged 28 per cent at the bouses on account of the risk of further asset quality deterioration. In comparison, the S&P BSE Sensex has gained 5 per cent
No other bank in the country has almost its entire top brass so closely associated with its helmsman throughout the larger part of their careers
The stock price declined despite bank's clarification that it has exposure of Rs 995 crore in telecom company, which is standard.
Despite the bank clarifying on its telecom sector exposure, it hasn't helped the stock price much
Ailing telecom player Vodafone Idea slipped over 11 per cent to Rs 2.91 apiece on the BSE after the Supreme Court dismissed its plea seeking relief from revocation of its bank guarantee
The private sector lender's stock was trading at its lowest level since January 10, 2017
Moody's downgraded the bank to account for the risk of further asset quality deterioration
While there have been no NPLs in real estate segment so far, the exposure to the property market remains a source of risk, given the broader stress in the realty sector
With this, the telcos will have to together pay an estimated Rs 1.47 trillion in AGR dues that include penalties and interest on penalties by January 23.
Margins may stay strong, but Street will keep eye on asset quality
IndusInd Bank missed analysts' estimate and reported 33 per cent y-o-y growth in profit after tax at Rs 1,300 crore
The figure was Rs 985 crore in the same quarter a year before
The bank made provisions for Rs 1,043.45 crore, as against Rs 737.71 crore provided for in Q2FY20, and Rs 606.68 crore in Q3FY19.
In the banking space, private banking majors are leading from the front and still looking buoyant
The surge in wealth creation in the sector has been led by private banks and non-banking financial companies (NBFCs).
The private sector banks joined the petition on Tuesday and there was a lengthy hearing