Page 7 - Indusind Bank

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

How IndusInd Bank's profit push and lax controls drove it into crisis

IndusInd disclosed in March accounting discrepancies in its derivatives portfolio whose impact roughly equated to an entire quarter's profits

IndusInd Bank fiasco prompts large state-run banks to tap CD market

Market sources indicated that the fiasco at IndusInd Bank may have prompted large state-owned banks to tap the CD market to raise funds for investing in IndusInd Bank's CDs

RCap lenders withdraw petition against IndusInd International at NCLAT

Lenders of debt-ridden Reliance Capital have withdrawn petition filed against IndusInd International Holdings Ltd (IIHL) before appellate tribunal NCLAT. The Committee of Creditors (CoC) of Reliance Capital has informed NCLAT that the resolution plan was completely implemented by IIHL with the transfer of complete payment amounts in terms of the resolution plan. The CoC sought permission of the National Company Law Appellate Tribunal to withdraw its appeal filed against the NCLT order, in consideration of the completion of the implementation of the resolution plan by IIHL. While allowing CoC's application for withdrawal, NCLAT noted counsel appearing for the administrator as well as IIHL had no objection towards this. "In the circumstances, the said application stands allowed. Accordingly, the appeal is disposed of as withdrawn. Pending applications, if any, are also disposed of," said a two-member bench comprising Justice Yogesh Khanna and Ajai Das Mehrotra in its order passed on

IndusInd Bank slips 3% ahead of PwC's likely report on accounting issues

Reports suggest that external auditor PwC would submit its report to IndusInd Bank's board regarding accounting discrepancies in its derivatives portfolio today

Mazagon, Paytm, IndusInd: These are top wealth creators, destroyers of FY25

After a period of being net buyers in the first half of the fiscal year, FIIs reversed their stance in the second half, unloading over ₹1.5 lakh crore worth of Indian equities

Insider trading glare on senior IndusInd Bank officials. What do rules say?

Between May 2023 and June 2024, IndusInd Bank CEO Sumant Kathpalia sold nearly 950K shares valued at approximately Rs 134 cr, while Dy CEO Arun Khurana sold 550K shares worth around Rs 82 cr

Pre-clearance seen as key defence for IndusInd Bank execs in Sebi probe

Sebi probes potential insider trading in bank's share sales

Marico, Lodha, AU SFB see high rollovers, IndusInd Bk low; check full list

Bank Nifty rollovers stood at 69.3 per cent, which was higher than the 3-month average and indicates positive sentiment at the counter, said Axis Securities report.

IndusInd Bank raises $2 billion in higher-cost bulk deposits in March

The discrepancies have led to concerns over governance at the bank and the appointment of Grant Thornton to conduct a forensic review into the accounting lapses