The crisis at IndusInd, India’s fifth-largest private bank
In today’s newsletter, lots of space for SpaceX in India, with both Bharti Airtel and Reliance Jio announcing partnership agreements for Starlink. But first, the crisis in India’s fifth-largest private bank — IndusInd.
Indian central bank says IndusInd Bank's financial health remains stable
India's central bank said on Saturday that private lender IndusInd Bank is well-capitalised and the financial position of the bank remains satisfactory. Earlier this month, IndusInd Bank reported it had discovered an accounting discrepancy in the way it booked currency derivatives stretching back at least six years.
RBI says IndusInd Bank stable
The Reserve Bank of India (RBI) has said that IndusInd Bank is adequately capitalised and financially stable and there is no need for depositors to react to speculation.
IndusInd Bank’s financial health stable, being monitored closely, says RBI
The bank had last week revealed a potential 2.35 per cent adverse impact on its net worth after an internal review of its derivative portfolio. The derivative losses will have an approximate impact of Rs 2,
RBI says IndusInd Bank stable; to fix all discrepencies in seven days
The Reserve Bank of India has confirmed that IndusInd Bank is financially stable and adequately capitalised. Depositors are advised not to react to sp
IndusInd Bank ‘Well-Capitalised’, ‘Stable’: RBI on Rs 2,100 Crore Accounting Discrepancy
The Reserve Bank of India on Saturday has said that IndusInd Bank is well capitalised and its financial position remains stable amid concerns about accounting discrepancy worth Rs 2,100 crore
IndusInd Bank says its net worth to take 2.35% hit on discrepancies in derivative accounts
Indian private lender IndusInd Bank said on Monday it expects a 2.35% decline in its net worth as of December 2024, due to some discrepancies in its accounts found during an internal review.
IndusInd Bank: ICAI may look into bank's financial statements following accounting crisis
IndusInd Bank reported that discrepancies in its derivative portfolio may result in a decrease of approximately 2.35% in its net worth as of December 2024.
RBI assures IndusInd customers of bank's stability
The Reserve Bank on Saturday assured customers that IndusInd Bank remains 'well-capitalised', even as it directed the bank's board to complete remedial action relating to estimated Rs 2,100 crore accounting discrepancy within this month.
RBI Affirms Financial Stability of IndusInd Bank Amid Speculation
The Reserve Bank of India has issued a statement to address speculation about IndusInd Bank Limited, affirming that the bank is well-capitalized and financially stable. The bank has maintained a Capital Adequacy Ratio of 16.
IndusInd may have inflated its interest income: Reports
IndusInd Bank faces a significant financial impact as it addresses discrepancies in its foreign exchange derivative portfolio ...
The Financial Express18h
Top 10 mutual funds holding IndusInd Bank may take a Hit: Do you own these?
IndusInd Bank's stock slump due to an identified accounting discrepancy has stirred investor concerns, prompting mutual fund ...
RBI directs IndusInd Bank to complete remedial action in Q4: ‘Well capitalised, depositors need not worry’
RBI has asked IndusInd Bank to complete the remedial action in the current quarter. The central bank assured customers and ...
Outlook Business1d
Why CLSA Cut IndusInd Bank’s Price Target and Profit Estimates Amid Ongoing Crisis?
CLSA cut IndusInd Bank's price target and FY25 profit estimates by 25% citing a derivative portfolio hit and leadership ...
BSE500 slumps 1.3% week-on-week led by IndusInd Bank crash. IT worst sectoral performer
In a holiday-shortened week, 392 BSE500 stocks declined, with IndusInd Bank plunging 28%. IT led sectoral losses amid US ...
IndusInd Bank Customers Alert! Is Your Money Safe as IndusInd Bank Shares Crash 30%? Details Inside!
IndusInd Bank shares have hit the lower circuit, sending shockwaves through investors. This marks the biggest crash in ...
IndusInd Bank classified under short term ASM Stage 1 by exchanges
The decision to put IndusInd under ASM is initiated by the stock exchange to safeguard the interests of investors. The shares ...
IndusInd may get ousted from Sensex, Nifty; stock may see inclusion in global index: Report
However, there is hope that an increase in foreign portfolio investor (FPI) investment "room" will eventually lead to ...