RBI says it is satisfied with IndusInd Bank's accounting clean-up post derivatives irregularities but stresses it will act if necessary and has sharpened supervision tools
The market regulator had barred five officials from IndusInd Bank in the alleged insider trading matter
The NFRA had received a complaint about accounting lapses in the IndusInd Bank through the Centralised Public Grievance Redress and Monitoring System
Indusind Bank chairman Sunil Mehta commits to addressing board accountability after Sebi's order highlighted accounting discrepancies and senior management awareness
IndusInd Bank's board is rushing to submit CEO candidates to the Reserve Bank of India before the June 30 deadline following top executives' resignations over accounting lapses
Anil Rao's stay on 'committee of executives' to run daily ops on radar
IndusInd Bank on March 10 had disclosed certain discrepancies identified by the lender in its account balances relating to its derivatives portfolio
Market regulator says five senior officials of the lender sold shares while holding unpublished price-sensitive information
Sebi may issue further orders after interim findings show IndusInd Bank's top brass knew of a ₹2,000-crore derivatives loss months before making a stock exchange disclosure
McLeod Russel submits initial proposal to NARCL as part of a composite debt resolution effort amid continued financial distress and narrowed losses in FY25
IndusInd Bank's stock rose as much as 0.7 per cent during the day after SEBI barred its former CEO, Sumant Kathpalia and four other officials from trading in the stock market
Sebi has restrained five IndusInd Bank executives and impounded Rs 19.78 crore for allegedly using price-sensitive information to sell shares before a market drop
Sebi bars former IndusInd Bank CEO and four top executives for insider trading after they allegedly sold shares while aware of ₹1,572 crore accounting discrepancies
The authority, however, is in talks with the Reserve Bank of India (RBI) to cross-check the investigations, including a forensic audit, that the central bank has conducted so far to avoid duplication
The regulator is looking into possible violations of listing obligation and disclosure requirements regulations
Sebi is examining IndusInd Bank for possible regulatory breaches amid allegations of insider trading and fraud in derivative accounting
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 and Nestle India will be removed from the BSE Sensex as part of the index rebalancing effective June 23, 2025, with Trent and Bharat Electronics set to join the benchmark index
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 share price plummeted 6 per cent on the BSE, hitting a low of ₹725.65 per share, on first-ever quarterly loss in Q4. It, however, recouped losses to trade 3 per cent higher at 10:10 AM