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 – The Whys and Hows behind the “Accounting discrepancy”
Accounting ‘Glitch’ or Red Flag? IndusInd Bank’s ₹1,500 Crore Shocker Explained. 27% Crash in a Day: The Hidden Accounting ‘Glitch’ That Shook IndusInd Bank.
IndusInd Bank says its net worth to take 2.35% hit on discrepancies in derivative accounts
Indian private lender IndusInd Bank said on Monday it expects a 2.35% decline in its net worth as of December 2024, due to some discrepancies in its accounts found during an internal review.
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 and capital to cover for it.
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'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 quarter and the full financial year 2025, its CEO told CNBC-TV18 on Tuesday, after discrepancies in its derivatives accounts sent its shares tumbling.
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.
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.”
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.
IndusInd Bank Crisis: CLSA slashes share price target by 31%, maintains ‘Outperform’ call
CLSA cut its FY25 net profit estimates for IndusInd Bank by 25% due to the one-time extraordinary item (derivative portfolio ...
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 ...
Embarrassingly, IndusInd Bank is in our model portfolio; too late to sell: Emkay Global
Barring a near-term dead-cat bounce, IndusInd Bank's stock will mark time until the new CEO is announced, said Emkay Global.
Mint Explainer: How IndusInd Bank slipped up on foreign currency hedging
IndusInd Bank disclosed discrepancies in accounting for foreign currency derivative trades over a period of five to seven ...
ICAI may review financial statements of IndusInd Bank amid accounting discrepancies
The ICAI may review IndusInd Bank's financial statements due to accounting discrepancies estimated at Rs 2,100 crore. The ...
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 ...
IndusInd Bank stock: Are your bank deposits, FDs secure despite price fluctuations at stock market?
IndusInd Bank's stock faced a downturn due to a forex error. The recent reports of financial irregularities at the bank have ...
ICAI may review IndusInd Bank's books over Rs 2,100 crore accounting discrepancy: Report
IndusInd Bank recently revealed that the discrepancies in its derivative portfolio could reduce its net worth by ...