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
Weekly Technical Recommendations by Religare Broking Ltd
The stock has gained over 22 per cent since announcement of the September-quarter results, indicating the Street sees some merit in management's asset-quality guidance
Rajesh Mirjankar, MD and CEO of InfrasoftTech, says it's a popular myth that bankers do not understand technology
Trading calls by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers
As mandated under the extant RBI norms, the bank has submitted an application to the Reserve Bank of India, seeking approval for the appointment of the new MD & CEO of the bank.