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.
IndusInd Bank Stabilizes Amid Accounting Discrepancy Concerns
The Reserve Bank of India reassures that IndusInd Bank remains financially stable despite a Rs 2,100 crore accounting discrepancy. The bank is directed to conclude remedial actions by Q4FY25. Customers are advised not to worry as an external review is underway,
India's IndusInd Bank slumps over 22% as accounting gap raises earnings concerns
By Nandan Mandayam and Siddhi Nayak (Reuters) -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.
India's IndusInd Bank shares plunge 27%, major shareholder urges calm
Ashok Hinduja, chairman of IndusInd International Holdings, told CNBC-TV18: "At the moment, there is no margin call."
IndusInd Bank shares inch up after 27% dive
MUMBAI: IndusInd Bank’s shares recovered some losses (up 4%) on Wednesday after plunging nearly 27% on Tuesday. Market players said concerns eased after reports said the promoter had finalised funds for acquiring Reliance Capital.
IndusInd Bank Shares Plunge 25% Hitting a 52-week Low
The trouble stems from an internal review that uncovered errors in how the bank accounted for hedging costs linked to past forex transactions.
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 ...
Asian News International on MSN2h
IndusInd bank is well-capitalised; No need for depositors to worry: RBI
Amid the ongoing crisis in the IndusInd bank, the Reserve Bank of India (RBI) on Saturday released a statement stating that ...
RBI directs IndusInd Bank to complete remedial action this month
The Reserve Bank on Saturday asked IndusInd Bank’s board to complete remedial action during the current quarter amid ...
Moneylife2h
Auditors Call for Forensic Investigation into IndusInd Bank's Derivatives Portfolio
In a significant development regarding the ongoing IndusInd Bank crisis, the joint auditors of the Hinduja Group-promoted ...
RBI confirms IndusInd Bank's stability, dismisses market speculation
RBI reaffirms IndusInd Bank's stability, dismissing speculation, assuring depositors of strong financial health with robust ...
Fortune India3h
RBI says external audit of IndusInd Bank underway, affirms bank is well-capitalised
RBI states that the bank has already engaged an external audit team to review systems and assess actual impact.
IndusInd Bank’s financial health remains stable: RBI
RBI clarifies IndusInd Bank's financial stability amidst share price fall and derivative portfolio discrepancy, ensuring ...
IndusInd Bank well-capitalised, RBI assures depositors
In its statement, the RBI emphasised that depositors should not react to speculative reports, as the bank’s financial ...
ICAI to look into IndusInd Bank’s financial statements
Chartered accountants' apex body ICAI may review the financial statements of IndusInd Bank, which is grappling with ...
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 ...
NDTV Profit6h
US Tariffs, Market Volatility, IndusInd Bank Fiasco, CPI And More — The Week That Was
From India's smashing victory against New Zealand in ICC Champions Trophy final, Tamil Nadu's move to drop the Rupee symbol ...