[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 […]
Right before accounting crisis, MFs sold IndusInd Bank shares worth ₹1,600 crore in February – CNBC TV18
[ad_1] India’s mutual funds sold shares worth ₹1,600 crore of Mumbai-based private lender IndusInd Bank Ltd. in the month of February, according to a report by Nuvama Alternative & Quantitative Research. The selling happened just a month prior to an accounting issue coming to light, that led to shares of the bank seeing their biggest […]
IndusInd Bank shares now valued at par with mid-sized PSU Banks after ₹18,000 crore sell-off – CNBC TV18
[ad_1] Shares of Mumbai-based private lender IndusInd Bank Ltd. have plunged 25% on Tuesday, March 11, in what has been the biggest single-day drop for the bank. The fall has also taken its shares to the lowest level since November 2020 and also wiped out ₹18,000 crore worth of investor wealth. With this fall, IndusInd […]
‘No margin call yet, pockets are strong,’ IndusInd Bank promoter says after stock rout – CNBC TV18
[ad_1] IndusInd International Holdings Chairman Ashok Hinduja, in an interaction with CNBC-TV18, said that there has been no margin call that has been triggered on their pledged holdings so far and that the promoter pockets are strong to increase the stake in IndusInd Bank, as and when they get regulatory approval. “At the moment, there […]
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 […]
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 […]
IndusInd Bank to sell MFI retail loan pool worth ₹1,573 crore on cash basis – CNBC TV18
[ad_1] IndusInd Bank has announced the sale of its Microfinance Institution (MFI) retail loan pool, which has an outstanding value of ₹1,573 crore, consisting of 10,61,440 microfinance retail loan accounts. The bank is offering the entire pool on a 100% cash basis, aiming to optimise its balance sheet and improve liquidity. Company Value Change %Change […]