Page 7 - Indusind Bank

IndusInd Bank rises 5th day in a row; up 41% since March low: Here's why

Shares of IndusInd Bank were on the rise today.It not only rallied over 2% in early trade today, but it has also recovered 41% from its March 12th low of ₹605.40.

IndusInd Bank up for 5th straight day; gains 41% from March low, here's why

Arun Khurana, deputy CEO of IndusInd Bank, has resigned with immediate effect, taking responsibility for the ₹1,960 crore losses due to incorrect accounting of internal derivative trades.

IndusInd Bank's deputy CEO Arun Khurana quits over accounting lapses

This is the second high-profile exit from the bank in 2025

IndusInd Bank's deputy CEO Arun Khurana resigns amid accounting blunder

Based on the findings of an external agency's probe, IndusInd has estimated an impact of 2.27% on its net worth as of December 2024

Incorrect accounting of derivatives trades led to IndusInd Bank fiasco: GT

Cumulative adverse accounting impact on P&L at Rs 1,960 crore as of March 31, 2025

IndusInd Bank's risk management, leadership under scanner: Moody's

Yes Bank's profitability remains lower vis-a-vis private peers

EY not involved in forensic audit of MFI business, says IndusInd Bank

Bank has not engaged EY to conduct a forensic audit of MFI biz, the lender clarified

IndusInd Bank says conducting internal review of microfinance business

IndusInd's shares, which have fallen 13% since the derivative accounting lapse was disclosed, closed 5% lower on Tuesday

IndusInd Bank slides 6% on reports of EY probe into ₹600 crore discrepancy

IndusInd Bank's stock fell as much as 6.3 per cent during the day to ₹775.4 per share

IndusInd Bank elevates Santosh Kumar as deputy CFO effective April 18

Kumar to lead bank's finance and accounts functions

Banks' shares surge on marginally lower than expected hit on net worth

Bank's shares jump 7%; focus now shifts to forensic audit report

IndusInd Bank up 13% in 3 days as PwC pegs lower impact in derivative biz

With the estimates by the external agency in-line with the management's announcement, it is expected to restrict any major downside, ICICI Securities said.

Stocks to Watch Today, April 16: IndusInd Bank, ICICI Lombard, IREDA

Stocks to Watch Today, April 16: IndusInd Bank, Adani Total Gas, ICICI Lombard, IREDA are some of the top stocks to watch today

Trading guide, April 16: Global mkts, China GDP, Q4 results, IndusInd Bank

Stock Market Today, April 16, 2025: GIFT Nifty futures indicated a negative start. As of 6:57 AM, GIFT Nifty futures were down 63 points at 23,278

External audit agency uncovers Rs 1,979 crore impact on IndusInd Bank

The bank said it received the report from the external agency on April 15

What drove the rally in IndusInd Bank shares today? Check details here

Foreign Portfolio Investors increased their holding in the bank by nearly 5 percentage points to 29.5% in March 2025 quarter from 24.7% at the end of December 2024 quarter.

IndusInd Bank-like incidents not failures but episodes: Guv Malhotra

RBI is working to ensure frequency of such occurrence is less, he said

Banking system safe, IndusInd crisis an episode & not failure: RBI Guv

Asserting that the Indian banking system is safe, secure and robust, Reserve Bank Governor Sanjay Malhotra on Wednesday said crises in some banks and a housing finance company are 'episodes' and not 'total failure'. He was responding to a question about whether there were larger systemic concerns around the accounting lapses at IndusInd Bank and the failure of the Mumbai-based New India Cooperative Bank and Aviom India Housing Finance Pvt Ltd. Without getting into specifics of any individual cases, Malhotra said, "St system level...we are very very safe, secure and robust and the system is resilient." In this large system with number of players with almost 10,000 NBFCs and around 1,500 cooperative banks and cases of failure of cooperative banks in the last 7-8 years are very small compared to the overall size, he said. "So these things will happen. Our effort is to minimise the impact and minimise them...I would not call them total failure, these are episodes," he said. Malhotra .

IndusInd Bank drops 9% after posting Q4 update, net advances fell 5% QoQ

In Q4, the bank's net advances declined 5.2 per cent quarter-on-quarter (Q-o-Q) to ₹3,47,933 crore as compared to ₹3,43,298 crore

IndusInd Bank's retail & small biz deposits decline by Rs 3.5k cr in Q4

Advances contract by Rs 19,000 cr in Q4 but increased 1.4% Y-o-Y