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; 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
India central bank probing banks' derivatives books amid IndusInd fallout, sources say
India's central bank is examining derivatives exposures of some private and state-run banks days after IndusInd Bank disclosed lapses in its derivatives accounting, three sources said on Wednesday.
IndusInd bank well-capitalised; no need for depositors to worry: RBI
The Reserve Bank of India confirmed IndusInd Bank's strong financial parameters and robust health amid reported discrepancies. IndusInd Bank is implem
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 ‘well-capitalised’, ‘financial health stable’
RBI statement assures depositors that IndusInd Bank is well-capitalised and the financial position of the bank remains satisfactory.
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.
The Financial Express13h
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 ...
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 ...
India's IndusInd Bank drops as CEO's shorter tenure extension sparks uncertainty
Shares of IndusInd Bank fell nearly 6% on Monday to their lowest level since July 2022, after the country's central bank ...
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 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 ...
IndusInd Bank likely to get deleted from Sensex and Nifty indices
The next rebalance for BSE indices is scheduled for June, while the review period ends April 31. The next rebalance for NSE ...