[ad_1] Private sector lender IndusInd Bank Ltd on Monday (March 24) said it has been imposed a ₹30.15 crore penalty by the Joint Commissioner of CGST & Central Excise, Thane Commissionerate for various GST-related issues under Section 122(1)(ii) of the CGST Act, 2017. “…we hereby inform that a penalty of ₹30,15,18,000/- has been imposed on […]
Moody’s affirms IndusInd Bank’s ratings, places BCA under review for downgrade – CNBC TV18
[ad_1] Rating agency Moody’s Ratings on Monday (March 17) said it has affirmed IndusInd Bank’s Ba1 long-term foreign and local currency deposit and issuer ratings with a stable outlook while placing its ba1 Baseline Credit Assessment (BCA) and adjusted BCA under review for a potential downgrade. “We have also affirmed IndusInd’s (P)Ba1 senior unsecured medium-term […]
RBI says IndusInd Bank well-capitalised, directs remedial action in Q4FY25 – CNBC TV18
[ad_1] The Reserve Bank of India (RBI) on Saturday (March 15) issued a statement addressing speculation regarding IndusInd Bank Ltd, stating that the bank remains well-capitalised and financially stable. The clarification follows concerns arising from recent developments related to the bank. According to the RBI, IndusInd Bank reported a Capital Adequacy Ratio of 16.46% and […]
NSE places IndusInd Bank under ASM Stage 1 for heightened scrutiny – CNBC TV18
[ad_1] The National Stock Exchange (NSE) on Thursday (March 13) has placed private lender IndusInd Bank Ltd under the Additional Surveillance Measure (ASM) Stage 1 framework. This comes after IndusInd Bank on Monday disclosed that the bank has noted some discrepancies in its derivatives portfolio which could have an adverse impact of about 2.35% of […]
IndusInd Bank worries mount — but depositors have little to fear – CNBC TV18
[ad_1] Recent developments at IndusInd Bank, including discrepancies in its derivatives portfolio and uncertainties surrounding its leadership—most notably, CEO Sumant Kathpalia’s tenure extension being cut from three years to one by the Reserve Bank of India (RBI)—have sparked concerns among some depositors about the safety of their funds. However, while investor anxiety may be understandable […]
RBI approves one-year extension for IndusInd Bank CEO Sumant Kathpalia – CNBC TV18
[ad_1] Private sector lender Indusind Bank Ltd on Friday (March 7) said the Reserve Bank of India (RBI) has approved the reappointment of Sumant Kathpalia as the Managing Director and CEO of the bank for another year, effective from March 24, 2025, to March 23, 2026. “Further to our letter dated September 27, 2024, we […]