IndusInd Bank chiefs to exit within months after accounting lapses, sources say
5 days, 13 hours ago

IndusInd Bank chiefs to exit within months after accounting lapses, sources say

Live Mint  

By Siddhi Nayak and Ira Dugal MUMBAI, March 21 - The Reserve Bank of India has urged the CEO of IndusInd Bank and his deputy to step down after significant accounting lapses as soon as replacements are found and the central bank has approved them, according to four sources familiar with the conversations. The RBI made clear that it had lost confidence in the top executives, but that it wanted an orderly transition to avoid unnerving depositors, said one of the sources, briefed by top management. A second source said the RBI, which only recently approved a one-year extension for Kathpalia, had also made clear that it wanted the candidates to come from outside IndusInd. "The discrepancy in the accounting shows weakness in the bank's risk management, compliance and reporting and persistent weaknesses in these areas could weaken IndusInd's reputation, and hence its funding and liquidity," it said.

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History of this topic

IndusInd Bank Shares Tumble Over 5% Following Rs 30.15 Crore GST Penalty
1 day, 15 hours ago

IndusInd Bank Shares Tumble Over 5% Following Rs 30.15 Crore GST Penalty

ABP News  

IndusInd Bank's share fell over 5 per cent on Tuesday after the bank informed that GST authorities in Thane, Maharashtra, had imposed a penalty of more than Rs 30.15 crore due to several compliance issues. In a regulatory filing, IndusInd Bank said that the penalty had been imposed by the Joint Commissioner of CGST & Central Excise, Thane Commissionerate. IndusInd …

PwC Likely To Submit Report To IndusInd Bank Board On Accounting Discrepancies This Week: Report
1 day, 17 hours ago

PwC Likely To Submit Report To IndusInd Bank Board On Accounting Discrepancies This Week: Report

ABP News  

External auditor PwC is expected to present its report to IndusInd Bank’s board on Friday regarding discrepancies in its derivatives portfolio, media reports said. Forensic Audit and Regulatory Scrutiny Alongside PwC’s assessment, IndusInd Bank’s board engaged Grant Thornton to conduct a forensic audit of the identified accounting lapses. Last week, IIHL chairman Ashok Hinduja clarified that IndusInd Bank has not …

IndusInd Bank Denies Reports About Senior Leadership Exiting The Lender
4 days, 20 hours ago

IndusInd Bank Denies Reports About Senior Leadership Exiting The Lender

ABP News  

IndusInd Bank dismissed media reports suggesting that its top executives would step down within months following accounting irregularities. RBI’s Alleged Concerns and Regulatory Oversight Notably, media reports on Friday claimed that the Reserve Bank of India has called on IndusInd Bank's CEO and Deputy CEO, urging them to resign following significant discrepancies found in accounting. Financial Health and Recent Disclosures …

IndusInd Bank appoints firm to investigate root cause of accounting discrepancies
5 days, 20 hours ago

IndusInd Bank appoints firm to investigate root cause of accounting discrepancies

The Hindu  

IndusInd Bank has appointed a professional firm to investigate the root cause of accounting discrepancies relating to its derivatives portfolio. The board of directors at its meeting held on Thursday, decided to appoint an independent professional firm to conduct a comprehensive investigation to identify the root cause of the discrepancies, assess the correctness and impact of the accounting treatment of …

IndusInd Bank fiasco: How could it impact banking sector & is it a stock to buy amid recovery?
1 week ago

IndusInd Bank fiasco: How could it impact banking sector & is it a stock to buy amid recovery?

Live Mint  

The recent accounting discrepancy at IndusInd Bank has sent shockwaves through the banking sector, raising concerns over corporate governance and financial stability. RBI’s Assurance and Stock Recovery Despite the sharp decline, IndusInd Bank shares showed signs of recovery after the Reserve Bank of India stepped in to reassure customers. The central bank confirmed that IndusInd Bank remains ‘well-capitalised’ and its …

IndusInd Bank’s black box moment: What investors must decode before buying the stock
1 week ago

IndusInd Bank’s black box moment: What investors must decode before buying the stock

Live Mint  

Investing, like flying, is all about managing risk. The recent IndusInd Bank saga brings to mind an important lesson from aviation—one that could help investors avoid financial turbulence. Read this | IndusInd Bank: A crucial crossroads amid leadership continuity and financial headwinds Modern air travel is safer than ever, with just one fatal accident per 16 million flights. Much like …

IndusInd Bank shares worth ₹1,600 crore sold by mutual funds in February ahead of accounting discrepancy
1 week, 1 day ago

IndusInd Bank shares worth ₹1,600 crore sold by mutual funds in February ahead of accounting discrepancy

Live Mint  

Top mutual funds in India sold IndusInd Bank shares worth ₹1,600 crore in February 2025, according to market data. Data from Nuvama Alternative & Quantitative Research revealed that fund houses collectively offloaded IndusInd Bank shares worth ₹1,600 crore in February, marking the largest reduction in holdings among Nifty 50 stocks. Major Sellers and Buyers of IndusInd Bank Shares Prominent fund …

IndusInd Bank stock jumps nearly 6% after RBI assures customers of bank's stability
1 week, 2 days ago

IndusInd Bank stock jumps nearly 6% after RBI assures customers of bank's stability

The Hindu  

Shares of IndusInd Bank jumped nearly 6% on Monday morning trade after the Reserve Bank of India assured customers that the firm remains 'well-capitalised', even as it directed the bank's board to complete remedial action relating to estimated ₹2,100 crore accounting discrepancy within this month. Last week, IndusInd Bank disclosed a discrepancy in accounting with an estimated impact of 2.35% …

IndusInd Bank stock jumps nearly 6% after RBI assures customers of the bank's stability
1 week, 2 days ago

IndusInd Bank stock jumps nearly 6% after RBI assures customers of the bank's stability

Hindustan Times  

Shares of IndusInd Bank jumped nearly 6 per cent on Monday morning trade after the Reserve Bank assured customers that the firm remains 'well-capitalised', even as it directed the bank's board to complete remedial action relating to estimated ₹2,100 crore accounting discrepancy within this month. IndusInd Bank disclosed to exchanges on March 10 that it had uncovered accounting errors worth …

IndusInd Bank share price gains 5% after RBI's statement. Buy or sell?
Trending News
1 week, 3 days ago

IndusInd Bank share price gains 5% after RBI's statement. Buy or sell?

India Today  

IndusInd Bank stock jumped 5% in early trade on Monday after the Reserve Bank of India reassured investors that the private lender’s financial health was stable. Following the statement, IndusInd Bank stock hit Rs 707 on Bombay Stock Exchange, up 5.19%. The RBI’s comments came after IndusInd Bank disclosed a 2.4% dent in its net worth due to a derivatives …

Explained: Why IndusInd Bank shares jumped 7% in early trade today
Trending News
1 week, 3 days ago

Explained: Why IndusInd Bank shares jumped 7% in early trade today

India Today  

Shares of IndusInd Bank jumped sharply in early trade on Monday after being pummeled for multiple sessions over the past week. IndusInd Bank shares initially rose around 7% in early trade to reach a day’s high of Rs 707.75 on the Bombay Stock Exchange. The central bank said, “IndusInd Bank remains well-capitalised and the financial position of the bank remains …

IndusInd Bank is well-capitalised, no need for depositors to worry: RBI
1 week, 4 days ago

IndusInd Bank is well-capitalised, no need for depositors to worry: RBI

Op India  

Amid the ongoing crisis in the IndusInd bank, the Reserve Bank of India on Saturday released a statement stating that the bank is well capitalised and financially stable. The RBI said, “The Reserve Bank would like to state that the bank is well-capitalised and the financial position of the bank remains satisfactory.” The apex bank further added in the statement …

IndusInd Bank’s financial health remains stable: RBI
1 week, 4 days ago

IndusInd Bank’s financial health remains stable: RBI

The Hindu  

Amid speculations relating to IndusInd Bank Ltd.’s financial health in certain quarters and the fall in it’s share prices due to the discovery of discrepancy in it’s derivatives portfolio which will have an impact of 2.35% to it’s net worth, the Reserve Bank of India on Saturday clarified that the bank was well-capitalised and the financial position of the bank …

IndusInd Bank well-capitalized, depositors need not worry: RBI
1 week, 5 days ago

IndusInd Bank well-capitalized, depositors need not worry: RBI

New Indian Express  

It can be noted that Indusind was asked by the RBI to disclose its unaccounted losses, which the bank said would be 2.35% of its networth of Rs 64,000 crore as of December 2024, and which many analysts are counting upwards of Rs 2,000 crore as the book is yet to be cleaned up from the derivatives positions in its …

The IndusInd Bank share crash holds many lessons: Most of all for RBI
2 weeks ago

The IndusInd Bank share crash holds many lessons: Most of all for RBI

Live Mint  

The biggest single-day fall in the price of IndusInd Bank shares on Tuesday, 11 March, wiping out more than a quarter of its market value, raises a number of questions. Fortunately for IndusInd Bank and for our banking system at large, the panic was contained to the stock market and the bank’s investors. So, even as IndusInd’s stock fell 27% …

IndusInd Bank fallout compels RBI to begin industry-wide review of derivative books
2 weeks ago

IndusInd Bank fallout compels RBI to begin industry-wide review of derivative books

Live Mint  

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. On Monday, private lender IndusInd Bank flagged a 2.35% hit to its net worth due to an underestimation of hedging costs related to forex transactions. "The RBI wants to confirm from banks …

IndusInd Bank share price extends crash; banking stock sheds 38% market cap in six straight sessions
2 weeks ago

IndusInd Bank share price extends crash; banking stock sheds 38% market cap in six straight sessions

Live Mint  

IndusInd Bank share price declined more than 7% on Wednesday, extending its sharp fall for the sixth straight day. The sharp decline in IndusInd Bank stock price follows the private lender’s disclosure of accounting discrepancies related to internal derivatives. CET-1 for December 2024 would decline by 37 bps to 14.8%, according to estimates by Gaurav Jani, Research Analyst at PL …

Explained: Why IndusInd Bank share price is rising today after 27% crash
2 weeks, 1 day ago

Explained: Why IndusInd Bank share price is rising today after 27% crash

India Today  

IndusInd Bank shares bounced back on Wednesday after taking a massive hit in the previous trading session. The recovery came after bank promoter Ashok Hinduja reassured investors that the lender's financial health was solid and that it would have full support if any capital needs arose. On Tuesday, shares plunged 27% after the bank admitted to discrepancies in its forex …

IndusInd Bank's Stock Crashes 27%, Erases Over Rs 19,500 Crore In Market Value
2 weeks, 1 day ago

IndusInd Bank's Stock Crashes 27%, Erases Over Rs 19,500 Crore In Market Value

ABP News  

IndusInd Bank’s share price plummeted 27.06 per cent on Tuesday, closing at Rs 656.8 apiece, as the lender’s internal review projected an adverse impact of approximately 2.35 per cent on its net worth. As this drop was the steepest single-day fall in the bank’s history, around Rs 19,500 crore eroded from the bank’s market value. The bank’s net worth is …

India’s IndusInd Bank slumps over 22% as accounting gap raises earnings concerns
2 weeks, 1 day ago

India’s IndusInd Bank slumps over 22% as accounting gap raises earnings concerns

Live Mint  

By Nandan Mandayam and Siddhi Nayak -Shares of Indian private lender IndusInd Bank fell more than 22% to an over four-year low on Tuesday, a day after it reported discrepancies in accounting related to forex derivatives that could lead to a one-time hit to earnings. On Monday, IndusInd Bank flagged a 2.35% hit to its net worth as of December …

IndusInd Bank faces a 2.35% net-worth erosion. What does it mean? EXPLAINED
2 weeks, 1 day ago

IndusInd Bank faces a 2.35% net-worth erosion. What does it mean? EXPLAINED

Live Mint  

IndusInd Bank's share price plunged 27.17 per cent on Tuesday, March 11, after the private sector lender flagged lapses worth nearly ₹1,530 crore in its derivatives portfolio. The bank said its detailed internal review has estimated an adverse impact of approximately 2.35 per cent of its net worth as of December 2024. Abhishek Pandya, a research analyst at StoxBox, explained …

IndusInd Bank share price down nearly 20% after internal review finds derivatives portfolio discrepancies
Trending News
2 weeks, 1 day ago

IndusInd Bank share price down nearly 20% after internal review finds derivatives portfolio discrepancies

Hindustan Times  

IndusInd Bank share price: IndusInd Bank shares fell 20% during the early trading session on Tuesday, March 11, after the private lender announced discrepancies found after an internal review of its derivatives portfolio. IndusInd bank share price: At 10 am IST, the bank's shares were down 19.05% or by ₹ 171.55, trading at ₹ 729.05 on the Bombay Stock Exchange. …

IndusInd Bank share price crashes 27%: Buy, hold or sell?
2 weeks, 2 days ago

IndusInd Bank share price crashes 27%: Buy, hold or sell?

India Today  

IndusInd Bank shares crashed nearly 27% on Tuesday, hitting a new 52-week low after the lender acknowledged an accounting mess in its forex derivatives book. At the closing bell, IndusInd Bank shares were down 27.17% to Rs 655.95 on the Bombay Stock Exchange, marking their worst trading session ever. Brokerage firm Jefferies called it a clear case of "weak internal …

IndusInd Bank shares crash 27% to record worst trading day ever. Here's why
2 weeks, 2 days ago

IndusInd Bank shares crash 27% to record worst trading day ever. Here's why

India Today  

IndusInd Bank shares plunged 27% on Tuesday, recording their steepest fall ever, after the lender disclosed discrepancies in its forex derivatives book. At the closing bell, shares of IndusInd Bank were down 27.17% to Rs 655.95 on the Bombay Stock Exchange. BROKERAGES DOWNGRADE STOCK Multiple brokerages have slashed their ratings on the IndusInd Bank stock, flagging governance concerns. IndusInd Bank …

IndusInd Bank share price falls to a one-year low after RBI grants CEO only a single-year extension
2 weeks, 2 days ago

IndusInd Bank share price falls to a one-year low after RBI grants CEO only a single-year extension

Hindustan Times  

Shares of IndusInd Bank fell to a one-year low due to the Reserve Bank of India’s decision to grant its CEO Sumant Kathpalia only a one-year extension instead of the three-year term recommended by the board. “This price drop was accompanied by a 12.1% surge in open interest, representing a two-month high of 5.36 million shares added,” Axis Securities wrote …

IndusInd Bank shares plunge as RBI trims extension for CEO
Trending News
2 weeks, 2 days ago

IndusInd Bank shares plunge as RBI trims extension for CEO

Live Mint  

IndusInd Bank Ltd’s shares dropped to their lowest in nearly three years after the Reserve Bank of India cut the lender’s proposed three-year extension for managing director and chief executive officer Sumant Kathpalia to one year. In 2023, the regulator approved a two-year extension for Kathpalia whereas IndusInd Bank’s board had approved his reappointment for three years. In the first …

India’s IndusInd Bank drops as CEO’s shorter tenure extension sparks uncertainty
2 weeks, 2 days ago

India’s IndusInd Bank drops as CEO’s shorter tenure extension sparks uncertainty

Live Mint  

-Shares of IndusInd Bank fell nearly 6% on Monday to their lowest level since July 2022, after the country's central bank approved a shorter extension to its CEO's tenure, raising concerns around leadership transition and business uncertainty. IndusInd Bank said on Friday it received approval from the Reserve Bank of India to reappoint Sumant Kathpalia as its CEO for a …

IndusInd Bank: A crucial crossroads amid leadership continuity and financial headwinds
Trending News
2 weeks, 2 days ago

IndusInd Bank: A crucial crossroads amid leadership continuity and financial headwinds

Live Mint  

The sharp fall came in the wake of two major developments—the Reserve Bank of India approving Sumant Kathpalia’s reappointment as CEO for just one more year instead of the three-year tenure sought by the bank, and reports that Nippon Life Insurance Co.’s India unit, Reliance Nippon Life Insurance, is considering acquiring a minority stake in the lender. Kathpalia’s leadership Sumant …

IndusInd Bank share price rebounds after worst-ever yearly show: Will the recovery last?
2 months, 2 weeks ago

IndusInd Bank share price rebounds after worst-ever yearly show: Will the recovery last?

Live Mint  

Shares of IndusInd Bank, one of the leading private sector banks, have rebounded notably in recent sessions following a sustained period of selling pressure. This decline was driven by the bank's poor performance in the September quarter, which also led to multiple target cuts by brokerage firms, fueling one of the bleakest days for the stock in recent history. Disappointing …

RBI fines IndusInd Bank ₹27 lakh over non-compliance
3 months ago

RBI fines IndusInd Bank ₹27 lakh over non-compliance

Live Mint  

The Reserve Bank of India imposes a penalty of ₹27 lakh on IndusInd Bank for not complying with norms. “The Reserve Bank of India has, by an order dated December 18, 2024, imposed a monetary penalty of ₹27.30 lakh on IndusInd Bank Ltd. for non-compliance with certain provisions of ‘Reserve Bank of India Directions, 2016’,”the central bank said in statement …

IndusInd Bank net profit up 15% to Rs 2,349 crore in Q4
11 months ago

IndusInd Bank net profit up 15% to Rs 2,349 crore in Q4

New Indian Express  

MUMBAI: The fifth largest private sector lender IndusInd Bank on Thursday reported a 15 percent on-year growth in net profit at Rs 2,349 crore in the March quarter helped by stable margins and other income coupled with more loan sales and better asset quality. The Hinduja group-promoted bank said the key profitability metric net interest income also grew by 15 …

IndusInd Bank reports ₹2,298 crore Q3 net profit, a 17.3% surge from last year
1 year, 2 months ago

IndusInd Bank reports ₹2,298 crore Q3 net profit, a 17.3% surge from last year

Hindustan Times  

IndusInd Bank on Thursday reported a net profit of ₹2,298 crore for the third quarter ending December 31, a surge by 17.3 per cent from the previous year. IndusInd Bank on Thursday reported a net profit of ₹ 2,298 crore for the third quarter ending December 31 The lender beat the Q3 profit expectations, helped by strong loan growth, Reuters …

IndusInd Bank Q2 profit up 22% to ₹2,202 cr
1 year, 5 months ago

IndusInd Bank Q2 profit up 22% to ₹2,202 cr

Hindustan Times  

IndusInd Bank on Wednesday posted 22 per cent rise in consolidated net profit at ₹2,202 crore for September quarter 2023-24, aided by decline in bad loans and a rise in interest income. Total income increased to ₹13,530 crore during the quarter under review, as against ₹10,719 crore in the same period last year, IndusInd Bank said in a regulatory filing. …

IndusInd Bank Q2 Result: Lender's Profit Jumps 22 Per Cent To Rs 2,202 Crore
1 year, 5 months ago

IndusInd Bank Q2 Result: Lender's Profit Jumps 22 Per Cent To Rs 2,202 Crore

ABP News  

IndusInd Bank on Wednesday posted 22 per cent rise in consolidated net profit at Rs 2,202 crore for September quarter 2023-24, aided by decline in bad loans and a rise in interest income. Total income increased to Rs 13,530 crore during the quarter under review, as against Rs 10,719 crore in the same period last year, IndusInd Bank said in …

IndusInd Bank hits 52-week high on strong Q1 results; Should you buy?
1 year, 8 months ago

IndusInd Bank hits 52-week high on strong Q1 results; Should you buy?

Live Mint  

IndusInd Bank share price rallied over 3% to hit a 52-week high of ₹1,443.35 apiece in the early trade Wednesday after the private sector lender posted decent earnings for the first quarter of FY24, with strong loan book growth and improvement in asset quality, leading to bullish views from analysts. Here’s what brokerages said: Morgan Stanley Morgan Stanley maintained an …

IndusInd Bank Q1FY24 net profit may rise 33% YoY amid healthy loan growth
1 year, 8 months ago

IndusInd Bank Q1FY24 net profit may rise 33% YoY amid healthy loan growth

Live Mint  

IndusInd Bank is set to announce its earnings for the first quarter of FY2024 on Tuesday. The private sector lender is expected to see stable margins and healthy loan growth during the June quarter. “Deposit growth was 15% YoY, broadly steady vs. last quarter and remains higher than system deposit growth of 12% YoY as of mid-June. Analysts at brokerage …

IndusInd Bank's Q4 profit jumps 50% to ₹20.41 billion
1 year, 11 months ago

IndusInd Bank's Q4 profit jumps 50% to ₹20.41 billion

Hindustan Times  

Indian private lender IndusInd Bank reported a bigger-than-expected rise in fourth-quarter profit on Monday, helped by strong loan growth and drop in provisions for bad loans. Read here: Sensex jumps 400 points to close at over 60,050, Nifty at 17,743 The Mumbai-based lender's standalone net profit, which excludes results of unit Bharat Financial Inclusion, jumped 50% to 20.41 billion rupees …

IndusInd Bank Q4 net profit surges nearly 50% YoY to ₹2,040.51 crore
1 year, 11 months ago

IndusInd Bank Q4 net profit surges nearly 50% YoY to ₹2,040.51 crore

Live Mint  

IndusInd Bank exceeded the Street's expectations with a standalone net profit of ₹2,040.51 crore for the quarter ended March, an increase of nearly 50% over the number of ₹1,361.37 crore from the previous year. The lender's net interest income totaled ₹4,669.46 crore, up 17% over the previous year. In Q4FY23, the bank's total income increased 16% year-on-year to ₹6,823 crore, …

IndusInd Bank Q4 preview: Growth drivers, dividend, key highlights here
1 year, 11 months ago

IndusInd Bank Q4 preview: Growth drivers, dividend, key highlights here

Live Mint  

Private sector lender, IndusInd Bank is the next big Q4 earnings in the banking space. Emkay Global expects IndusInd Bank to report healthy growth coupled with nearly stable margins and contained provisions to support profitability. Meanwhile, analysts at Prabhudas Lilladher expect IndusInd Bank's earnings to be driven by decent loan growth of 21% YoY. Further, in its preview note, ICICI …

Growth cheers but IndusInd Bank’s recast loans are a source of worry
3 years, 4 months ago

Growth cheers but IndusInd Bank’s recast loans are a source of worry

Live Mint  

IndusInd Bank Ltd reported a stellar 73% growth in net profit for the September quarter, beating street estimates comfortably. After a painful first quarter in growth due to the second wave of the pandemic, IndusInd Bank witnessed a swift rebound in disbursements. The reason for this is that IndusInd Bank’s key lending segment, commercial vehicle loans, is still not out …

IndusInd continues on recovery path; investors need more conviction for rerating
3 years, 10 months ago

IndusInd continues on recovery path; investors need more conviction for rerating

Live Mint  

IndusInd Bank Ltd’s March quarter performance didn’t have any nasty surprises. View Full Image Satish Kumar/Mint In short, IndusInd Bank still faced pockets of trouble in its loan book. Chief executive officer Sumant Kathpalia believes that the lender would be able to meet its guidance on growth and asset quality in FY22 despite the second wave of the pandemic. IndusInd …

IndusInd holds back on biz outlook
3 years, 10 months ago

IndusInd holds back on biz outlook

Live Mint  

Mumbai: IndusInd Bank on Friday refrained from providing forecasts on some business parameters, citing the uncertainties caused by the second wave of the pandemic. “We do not want to give any outlook for the quarter because we want to wait on how covid-19 plays out,” said Sumant Kathpalia, chief executive, IndusInd Bank. He told reporters that the first 15 days …

After Lull in Deal Activity, Speculation of Merger Between Kotak Bank & Indusind Bank
4 years, 5 months ago

After Lull in Deal Activity, Speculation of Merger Between Kotak Bank & Indusind Bank

News 18  

After a long lull, the deal street was abuzz with speculation about a merger between Kotak Mahindra Bank and smaller rival Indusind Bank late on Sunday in an all-stock deal. Watchers said a merger with the Hindujas Group-promoted Indusind Bank will help KMB on the retail front given the former’s business mix. When contacted to confirm the speculation, Kotak Mahindra …

RBI said to push back on Hindujas’s plan to raise IndusInd stake
4 years, 9 months ago

RBI said to push back on Hindujas’s plan to raise IndusInd stake

Live Mint  

India’s central bank pushed back on the billionaire Hinduja brothers’ plan to raise stake in IndusInd Bank Ltd., which has lost more than 70% of its market value this year, according to people familiar with the matter. The Reserve Bank of India has conveyed the decision to the IndusInd founders Srichand and Gopichand Hinduja, the people said, asking not to …

Ind-Ra revises IndusInd Bank's outlook to negative, affirms AA-plus; valuation challenges may hinder capital raising power
4 years, 11 months ago

Ind-Ra revises IndusInd Bank's outlook to negative, affirms AA-plus; valuation challenges may hinder capital raising power

Firstpost  

IndusInd Bank’s top 20 depositor concentration though declined remains elevated and is higher than most peer banks'. Mumbai: India Ratings and Research has revised IndusInd Bank’s outlook to negative from stable while affirming the long-term issuer rating at AA-plus. Ind-Ra said the outlook revision factors in the possible greater challenges for IndusInd Bank than that for its peers regarding its …

Hinduja Group keen to raise stake in IndusInd Bank to 26%, seeks RBI permission; shares down over 9%
5 years ago

Hinduja Group keen to raise stake in IndusInd Bank to 26%, seeks RBI permission; shares down over 9%

Firstpost  

IndusInd Bank shares touched a high of Rs 707.45 in the morning session, but later pared gains to trade at Rs 668.80, up 0.7 percent from their previous close, at 11:42 am on NSE. London-based Hinduja Group is reportedly keen to raise its stake in IndusInd Bank to 26 percent from the existing 15 percent and has sought the nod …

IndusInd Bank promoters to pump Rs 2,700 crore via warrants to ramp up promoter holding post-merger with Bharat Financial
5 years, 9 months ago

IndusInd Bank promoters to pump Rs 2,700 crore via warrants to ramp up promoter holding post-merger with Bharat Financial

Firstpost  

The merger between IndusInd Bank and the micro-lender, which will be effective 4 July is accretive from a profit, margin and return on equity perspective Mumbai: The Hindujas will pump another Rs 2,700 crore into IndusInd Bank through a warrant issue to ramp up the promoter holding after the merger of Bharat Financial, a senior official from the private sector …

IndusInd Bank Q1 net profit surges 24% at ₹1,035.72 crore
6 years, 8 months ago

IndusInd Bank Q1 net profit surges 24% at ₹1,035.72 crore

Hindustan Times  

IndusInd Bank on Tuesday posted 24% rise in net profit at ₹1,035.72 crore for the quarter ended June 30. Net profit climbed to ₹ 1036 crore in the three months to June 30 from ₹ 837 crore a year earlier, the country’s sixth-largest private sector lender by assets. Total income grew to ₹6,369.75 crore in the reported quarter as compared …

Is IndusInd Bank losing some steam?
7 years, 2 months ago

Is IndusInd Bank losing some steam?

Live Mint  

IndusInd Bank Ltd won the award for consistency yet again, reporting net profit growth of 25% and net interest income growth of 20% for the December quarter. The growth in NII, the core income a bank earns, would seem impressive compared with peers but for IndusInd Bank it was the slowest in 10 quarters. For the December quarter, IndusInd Bank …

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