[ad_1] IndusInd Bank shares plunged 25% on March 11, erasing ₹18,000 crore in market value, after revealing a ₹1,580 crore derivatives discrepancy. Concerns over governance, leadership, and risk controls mount. Derivatives Disclosure Sparks Panic: IndusInd Bank has come under fire after disclosing a ₹1,580 crore discrepancy in its derivatives portfolio, potentially impacting 2.35% of its […]
IndusInd Bank gets more downgrades, price target cuts after one year extension for CEO – CNBC TV18
[ad_1] Multiple brokerages have downgraded Mumbai-based private lender IndusInd Bank Ltd. and cut its price targets on the stock after the Reserve Bank of India approved a one-year extension for its incumbent CEO Sumant Kathpalia. The board had approved a three-year extension for the CEO. UBS has downgraded the stock to “sell” from its earlier […]