IndusInd Bank reported a mixed performance in its Q4 FY25 business update, with loan growth showing modest gains on a yearly basis but declining sequentially. Net advances stood at ₹3.47 lakh crore, up 1.4% YoY but down 5.2% QoQ, weighed down by a 15.1% QoQ drop in corporate banking loans. In contrast, the consumer banking […]
From BEL’s 49% surge to IndusInd’s 59% plunge – Nifty’s FY25 scorecard – CNBC TV18
The Nifty wrapped up FY25 with BEL, Airtel, and Shriram Finance leading gains, while IndusInd Bank and Tata Motors suffered steep declines. Here’s a look at the biggest winners and losers of the year. (Photo Credit : NA) 1 / 6 Market Ends FY25 with Gains: The Sensex and Nifty end FY25 with over 5% […]
PwC’s initial findings in IndusInd Bank might have necessitated forensic audit – CNBC TV18
A PwC probe to examine the extent of hit on the financials of IndusInd Bank due to certain deficiencies in accounting practices of derivative instruments is said to have resulted in the lender ordering a forensic audit, sources have told Moneycontrol. Formally, the exercise carried out by PwC has been called a review by the […]
IndusInd Bank appoints independent firm to probe accounting discrepancies – CNBC TV18
IndusInd Bank said on Thursday (March 20) it has appointed an independent firm to conduct an investigation into discrepancies found by the bank related to its derivatives portfolio. The Mumbai-based lender reported earlier this month that it had discovered an accounting discrepancy in the way it booked currency derivatives, stretching back at least six years, […]
What’s next for IndusInd Bank? Bernstein analyst on key triggers and risks – CNBC TV18
A key factor that could drive IndusInd Bank’s recovery is the appointment of a new CEO with a longer-term tenure, according to Pranav Gundlapalle, Senior Analyst for India Financials at Bernstein. He believes that bringing in an external candidate with stability and credibility could restore market confidence. Bernstein maintains an outperform rating on IndusInd Bank […]
Sensex Today | Stock Market LIVE Updates: Nifty looks to reclaim key levels post Wall Street surge on Friday; Ola Electric, IRFC in focus
Sensex Today | Stock Market LIVE Updates: Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the red. Nifty 50 closed at 22,397.20, while Sensex ended at 73,828.91. Sensex Today | Stock Market LIVE Updates: Nifty 50 ended the previous trade session 3,880.15 points below its record high of 26,277.35. Asian […]
Top stories: Nifty slips 1% this week, Patanjali enters insurance, Tesla’s Make in India plans uncertain & more – CNBC TV18
This week, markets struggled as IT stocks dragged the Nifty lower, while IndusInd Bank faced a fresh target cut from CLSA. Blackstone made its first bet on Indian residential real estate with a ₹1,800 crore investment in Kolte-Patil, and Patanjali Ayurved entered the insurance sector with a stake in Magma General Insurance. Tesla may enter […]
Derivative accounting issues may not be limited to IndusInd Bank, says Abizer Diwanji – CNBC TV18
The recent issue with IndusInd Bank’s derivative accounting may not be a case in isolation, and other banks could also face similar problems. Financial expert Abizer Diwanji, Founder of Neostrat Advisors explained that managing derivatives is complicated, and mistakes in how banks record them can happen across the industry. Karan Gupta, Director & Head – […]
Sensex Today | Stock Market LIVE Updates: Nifty bulls have positive triggers going into weekly expiry, Holi weekend
Sensex Today | Stock Market LIVE Updates: Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the red. Nifty 50 closed at 22,470.50, while Sensex ended at 74,029.76. Sensex Today | Stock Market LIVE Updates: Nifty 50 ended the previous trade session 3,806.85 points below its record high of 26,277.35. Overnight, […]
Sensex Today | Stock Market LIVE Updates: Wall Street indices slip, Bharti Airtel, TCS, PB Fintech to be in focus today
Sensex Today | Stock Market LIVE Updates: The Indian stock market ended mixed on Tuesday, with the Nifty index recovering from early losses to close near the day’s highs, while financial stocks, particularly IndusInd Bank, underperformed due to accounting-related concerns. Sensex Today | Stock Market LIVE Updates: The Indian stock market ended mixed on Tuesday, […]