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,
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: 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 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 speculation concerning the bank's foreign exchange derivative portfolio discrepancies,
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 Bank bears may be about to get a whipping
Shorts might be forced to beat a hasty retreat for now from IndusInd Bank counter as banking regulator steps in to calm ...
Absence of concurrent external audit a big gap at IndusInd Bank
The lack of an external concurrent audit on IndusInd Bank's MTM derivative losses has exposed a significant vulnerability in ...
The Financial Express1d
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 ...
Rating companies look for clues on IndusInd's health, control issues
Rating officials said that while they took note of the Reserve Bank of India's statement over the week-end that the bank was ...
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 ...
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 ...
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 ...