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
Bank books record quarterly loss after flagging accounting lapses, microfinance misreporting, and suspected fraud; FY25 profit falls 71 per cent to Rs 2,575 crore
Bank expects to propose CEO names much ahead of June 30 deadline
IndusInd Bank uncovers suspected internal fraud involving about ₹173 crore in microfinance; board initiates legal steps and adjusts FY25 accounts to reflect discrepancies
IndusInd Bank's stock fell as much as 1.5 per cent ahead of its fourth quarter earnings
Q4 FY25 company results today: Colgate Palmolive, Power Finance Corp, RVNL will be among more than 120 companies to post earnings reports for the January-March quarter on May 21
Derivative portfolio losses and MFI income discrepancies may result in a Rs 200 crore Q4FY25 net loss and a structural hit to core margins, say analysts
India's market regulator Sebi is investigating six IndusInd Bank officials for allegedly selling stock options while aware of undisclosed accounting discrepancies
IndusInd Bank on Monday said it has signed a pact with AIC STPINEXT to provide early-stage startups and MSMEs essential financial solutions and structural support. AIC STPINEXT is a special purpose vehicle of Software Technology Parks of India (STPI) under the Ministry of Electronics and Information Technology (MeitY). "Under this collaboration, IndusInd Bank will deliver a range of tailored banking solutions to support early-stage startups associated with STPI/STPINEXT. "The Bank will offer a specialized Current Account product with no quarterly average balance requirement, making it easier for startups to manage their finances," IndusInd Bank said in a regulatory filing. Additionally, the Bank will offer support such as expert guidance, and conduct workshops around financial management including banking basics, equity infusion, Employee Stock Ownership Plan (ESOPs), segment-based funding etc. To further support operational efficiency, the bank will offer payroll and attendance .