Page 6 - Indusind Bank

Sebi probes six IndusInd Bank officials over insider trading claims: Report

India's market regulator Sebi is investigating six IndusInd Bank officials for allegedly selling stock options while aware of undisclosed accounting discrepancies

IndusInd Bank signs pact with AIC STPINEXT to support startups, MSMEs

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 .

Mint Road's enforcement framework shifts focus to governance premium

The woes at IndusInd Bank have put the spotlight back on a key initiative the banking regulator's Enforcement Department set rolling in FY24

Route One Fund trims IndusInd Bank stake by 0.65%, raises ₹386 cr

US-based hedge fund Route One Fund I LP sells over 5 million shares of IndusInd Bank for ₹386 crore, cutting its holding to just above 1 per cent

IndusInd Bank may face hit to core profit and biz growth: Brokerages

Brokerages lower FY25 and FY26 estimates after IndusInd Bank audit reveals ₹674 crore income misreporting and ₹595 crore in unsubstantiated balances

IndusInd Bank shares end flat after sharp decline in morning trade

Shares of IndusInd Bank ended flat on Friday after dropping nearly 6 per cent earlier in the day as the firm said its Internal Audit Department (IAD) found "unsubstantiated balances" of Rs 595 crore in "other assets" of its balance sheet, and has also examined the roles of key employees in this lapse. The stock tanked 5.68 per cent to Rs 735.95 during the morning trade on the BSE. Later, at the fag-end of the trade, the stock managed to settle in the green, up 0.26 per cent at Rs 782.30. At the NSE, shares of the firm ended at Rs 784.70, up 0.53 per cent after dropping 3.90 per cent to Rs 750 in morning trade. In a regulatory filing on Thursday, IndusInd Bank said this balance was, later in January 2025, set off against corresponding balances appearing in "other liabilities" accounts. It said following receipt of a whistleblower complaint, the IAD was asked by the audit committee of the board to review transactions recorded in "other assets" and "other liabilities". This was in ...

Here's why IndusInd Bank share price was under pressure on May 16; details

At 9:17 AM, IndusInd Bank share price was off day's low, and was trading 2.39 per cent lower at ₹761.65 per share. In comparison, BSE Sensex was trading 0.17 per cent lower at 82,392.63 level.

IndusInd Bank fiasco: ₹674 cr wrongly booked as interest in MFI biz

IAD also flags ₹595 crore of unsubstantiated balances in "other assets", as whistleblower complaint prompts deep dive into IndusInd Bank's microfinance portfolio

IndusInd Bank slides 3% on reports of fresh accounting irregularity probe

IndusInd Bank's stock fell as much as 3.01 per cent during the day to ₹757.8 per share

Error or fraud: IndusInd Bank pressured to explain ₹2k cr derivative loss

Auditors seek clarity on whether the ₹2,000 crore loss stems from fraud or accounting irregularity

IndusInd Bank to look into insider trading charge after independent probe

IndusInd, India's 5th-largest private sector bank, disclosed in March that years of incorrect accounting of internal derivative trades had led to a $230 million hole in its $60.8 billion balance sheet

Moody's downgrades IndusInd credit profile to 'ba2', flags control lapses

Moody's cuts IndusInd Bank's standalone credit profile citing weak internal controls, derivative accounting discrepancies, and leadership exits without succession plan

Stocks to Watch today, May 9: Britannia, Swiggy, Titan, Kalyan Jewellers

Stocks to Watch on May 9, 2025: Britannia, REC, Titan, Kalyan Jewellers, Paytm are among stocks that will remain on investors' and traders' radar today

Forensic review reveals IndusInd Bank executives traded in its shares

The summary of Grant Thornton's findings did not disclose further details of the share trading or offer any conclusions about its nature

Crisil puts IndusInd Bank's long-term debt instrument on 'rating watch'

CRISIL puts Rs 5,500 crore worth of IndusInd Bank's bonds on rating watch with negative implications amid top exits, MFI audit, and Rs 1,960 crore derivatives loss

BFSI News Wrap: IndusInd Bank CEO resigns, SBI plans equity fundraise

IndusInd Bank CEO resigns over ₹2,000 cr derivatives loss IndusInd Bank MD & CEO Sumant Kathpalia resigned, taking ‘moral responsibility’ for ₹2,000 crore derivatives losses after an internal probe.

IndusInd Bank increases FD rates: up to 8.25% for senior citizens

Senior citizens can get up to 8.25% interest; check out new features offered by the lender

IndusInd Bank up 36% from April low. Buy, sell, hold? Check strategy here

Technically, the short-term trend for IndusInd Bank looks favourable; but chart cautions that stock may face challenges around its 100-DMA, and the weekly trend line resistance. Check key levels here

After CEO exit, RBI okays IndusInd executives' panel to run the show

Analysts express reservation on appointment of a PSU banker as MD & CEO

PM Modi's super cabinet meeting, Indusind Bank turmoil, Harvard University & more top

Today, PM Modi chaired a second meeting of the Cabinet Committee on Security after the Pahalgam terror attack. The Cabinet Committees on Political Affairs—known as the "Super Cabinet"