Page 9 - Indusind Bank

IndusInd Bank's liquidity adequate, capitalisation strong: Rating agencies

Losses in Q4FY25 unlikely to dent credit, liquidity profile; Tier-I impact estimated at 35 bps

IIHL takes control of Reliance Capital, puts new board members in place

IndusInd International Holdings Ltd (IIHL) on Wednesday took control of Reliance Capital (RCAP), completing a three-year resolution process after paying off the debt-ridden firm's lenders. IIHL has taken over the board of the RCAP and its subsidiaries, and the first meeting of the new board was held on Wednesday, sources said. According to sources, new board members include Moses Harding John and Arun Tiwari as approved by the Reserve Bank of India (RBI). With this acquisition, IIHL gains control over about 40 entities, including key subsidiaries like Reliance Nippon Life Insurance, Reliance General Insurance, Reliance Securities, and Reliance Asset Reconstruction. The company aims to establish bancassurance ties and implement digitization across these subsidiaries. "Now, with this acquisition, we are entering the insurance business in addition to banking. We also took a 60 per cent stake in Invesco's mutual fund business, and once approvals are in place, we will have a complete ..

Promoters will infuse capital into IndusInd Bank if needed: Ashok Hinduja

Bank is currently well-capitalised; awaiting RBI clearance for stake raise from 15% to 26%

Indusind Bank's funding cost shot up 15bps in a week amid derivative loss

IndusInd Bank raised Rs 11,000 crore by issuing certificates of deposit (CDs) across a range of maturities

At 0.8 times book value, IndusInd Bank stock valued as 'cheap': Bernstein

Sets target price of Rs 1,000, valuing the lender at 1x FY26 estimated book value; highlights key risks

Moody's affirms IndusInd's ratings; places on review for downgrade

The action comes in the backdrop of the bank's revelations about the inadequate internal controls in accounting for derivative transactions

Stocks to Watch, March 18: Bajaj Finserv, IndusInd, Vedanta, Tata Motors

Stocks to Watch on Tuesday: Bajaj Finserv, IndusInd Bank, Vedanta, Tata Motors, Zomato and Hindustan Unilever are among the top stocks to watch today, March 18, 2025

Moody's places IndusInd Bank's credit assessment on review for downgrade

Moody's said that the impact of the derivatives transactions, coupled with the ongoing stress in the retail unsecured loans, is likely to hurt the bank's profitability, capital and funding

IndusInd Bank gains 5% on RBI's reassurance on lender's financial health

The stock price of IndusInd Bank had tanked a 32 per cent in three days between March 6 and March 11.

Stocks to Watch Today, March 17: IndusInd, NMDC, Muthoot Fin, Zydus Life

Stocks to Watch on Monday: Tata Communications, Signature Global, Power Grid, GR Infraprojects, Welspun Specialty, and Kolte Patil are among the top stocks to watch today, March 17, 2025

Best of BS Opinion: Policymaking must address real-life outcomes

Our editorials and columns today largely revolve around the role of policy decisions, both in government and the private sector, and how they affect the real world

IndusInd Bank case a rare instance when RBI cited its 'LOLR' role

Central bank can rescue a bank that is solvent but has temporary liquidity woes

IndusInd Bank 'stable': RBI assures depositors, dismisses mkt speculation

The Reserve Bank of India issued a statement, assuring the depositors that the bank is well-capitalised and financially stable, and that there is no reason to react to speculative reports

Global index inclusion to help IndusInd as stock faces Sensex, Nifty ouster

Lender's stock price has plunged due to concerns around losses on account of its derivatives portfolio

IndusInd Bank most-sold stock by mutual funds in February, shows data

Among the fund houses that prune their holdings in the troubled lender were Kotak MF, Tata MF and PPFAS MF

CLSA lowers target price for IndusInd Bank to Rs 900 but sees 34% upside

Near term fraught with uncertainty but if history is a guide fundamentals could drive a recovery, says the brokerage

ICAI may review IndusInd Bank's financials amid recent discrepancies

Chartered accountants' apex body ICAI may review the financial statements of IndusInd Bank, which is grappling with discrepancies in accounting to the tune of Rs 2,100 crore. On March 10, the private sector lender disclosed some discrepancies in its derivatives portfolio, which could have an adverse impact of about 2.35 per cent of the bank's net worth as of December 2024, as per its internal review. Analysts peg the discrepancy at Rs 2,100 crore in absolute terms. Against this backdrop, the Financial Reporting Review Board (FRRB) of the Institute of Chartered Accountants of India (ICAI) is likely to review the bank's financial statements. "As a proactive measure, ICAI-FRRB may undertake a review of the financial statements of IndusInd Bank," ICAI President Charanjot Singh Nanda told PTI on Thursday. FRRB conducts the review of financial statements of companies to assess compliance with Accounting Standards, Standards on Auditing, Schedule II and III of the Companies Act, 2013, am

HDFC MF holding in IndusInd Bank crosses 5% with additional 1.6 mn shares

IndusInd Bank on Thursday said that the holding of HDFC Mutual Fund in the bank has crossed 5 per cent as the fund house purchased an additional 15.92 lakh shares from the market. The stake increase comes a day after IndusInd Bank announced a whopping Rs 2,100 crore discrepancy in accounting with an estimated impact of 2.35 per cent of the bank's net worth. Soon after the disclosure, a massive price correction in the bank's shares was witnessed. The aggregate holding of HDFC Mutual Fund Scheme in IndusInd Bank as of the close of business hours on March 11, 2025, was 5.02 per cent of the paid up equity capital of the company, the bank said in a regulatory filing. Following an additional 0.20 per cent stake purchase, HDFC Mutual Fund through its various schemes had 77.9 crore shares at the end of March 11, it said. Prior to the stake purchase, HDFC Mutual Fund's holding was 4.82 per cent but with an additional share purchase, the holding rose to 5.02 per cent. The filing however did

Amid IndusInd fallout, RBI examines derivatives exposures of some banks

On Monday, private lender IndusInd Bank flagged a 2.35 per cent hit to its net worth due to an underestimation of hedging costs related to forex transactions

IndusInd Bank shares fall on derivative discrepancy; Crisis explained here

IndusInd Bank Shares: The forex transaction development, which follows a less-than-expected extension given to managing director Sumant Kathpalia, has shaken investor confidence