Bears arrived at IndusInd months before the bad news broke
India's audit watchdog had found shortcomings in some processes of MSKA & Associates, one of the bank’s statutory auditors, as per a report by National Financial Reporting Authority in January.
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 ...
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IndusInd Bank CEO Kathpalia says RBI may be ‘uncomfortable’ with his leadership skills
IndusInd Bank CEO addressed concerns about discrepancies in the bank’s internal review of accounts related to its derivatives ...
RBI may prefer a public sector banker to helm IndusInd Bank, going by recent appointment trend in private sector banks
RBI may prefer public sector banker to replace IndusInd Bank CEO amid concerns over balance sheet and leadership.
IndusInd Bank stock: 'IndusInd Bank will see profit in Q4 FY25,' CEO Sumant Kathpalia after losing 27% in one day
On Tuesday, March 11, shares of IndusInd Bank Ltd., experienced a significant drop of 27%. The stock hit a 52-week low of Rs ...
IndusInd Bank to see profit in Q4 even after derivatives losses: MD & CEO Sumant Kathpalia
IndusInd Bank CEO Sumant Kathpalia assured profitability in Q4FY25 despite derivative losses. He confirmed the bank's Capital ...
India's banks face a new credibility test
One of India's top private banks is setting a fresh test for the sector. On Monday IndusInd Bank reported it had discovered ...
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IndusInd Bank’s Rs 1,580 crore discrepancy: What happened and why it matters
IndusInd Bank said that an internal review of its derivative portfolio revealed discrepancies, which could hit its net worth ...
IndusInd Bank Hit By Rs 2,100 Crore Accounting Lapse, Shares Tank 27%
IndusInd Bank on Tuesday addressed the fallout of a Rs 2,100 crore discrepancy in accounting, saying it has enough reserves ...
IndusInd Bank shares fall on derivative discrepancy; Crisis explained here
The forex transaction development, which follows a less-than-expected extension given to managing director Sumant Kathpalia, ...
IndusInd Bank’s Rs 2,100 cr accounting lapse: CEO says lender has enough reserves to cover for it
I think RBI is uncomfortable with my leadership skills of running the bank and we have to respect that, says bank CEO ...
IndusInd Bank's shares slide; CEO says quarterly profit on track despite accounting gaps
By Siddhi Nayak and Nandan Mandayam (Reuters) -Indian private lender IndusInd Bank will report a profit for the fourth ...