"indusind-bank"

Three names emerge as frontrunners for the top post; IndusInd Bank set to submit CEO shortlist to RBI amid leadership crisis

Shares of IndusInd Bank rose as much as 5.3 per cent on Friday, after the Reserve Bank of India (RBI) said the problems at the private sector lender are likely to settle soon

Accounting fraud plunges IndusInd Bank into a Rs 2,329-crore loss for the January-March quarter

During a post-earnings call, IndusInd Bank’s board said it suspects certain employees involved in financial reporting and accounting may have committed fraud

The stock tanked 5.68 per cent to Rs 735.95 on the BSE. At the NSE, shares of the firm dropped 3.90 per cent to Rs 750

As per the new guidelines, customers are now eligible for five free transactions every month from their respective banks. They will be charged if the limit exceeds

"The Board has constituted such “Committee of Executives” to oversee the operations of the bank, under the oversight and guidance of the Oversight Committee of the Board till a new MD&CEO...assumes charge or a period of 3 months," IndusInd Bank said

Bank’s Deputy CEO Arun Khurana had tendered his resignation on Monday in the wake of accounting lapses costing Rs 1,960 crore to the private lender

The private sector lender had informed that a bank-appointed external auditor has determined a cumulative adverse accounting impact on P&L at Rs 1,959.98 crore as on March 31, which is similar to the amount disclosed on April 15

The private lender, which is already under scrutiny for discrepancies in its derivatives portfolio, stated it is considering filing an appeal against the GST order

The board will need to come up with replacement by October, adding that it is unclear if only external names will form part of the shortlist or if any internal candidates will be considered

In its statement, the RBI emphasised that depositors should not react to speculative reports, as the bank’s financial position remains sound and is under its close monitoring

I think RBI is uncomfortable with my leadership skills of running the bank and we have to respect that, says bank CEO

Lender’s stocks plunge over 26 per cent eroding Rs 14,000 crore in market value on March 11, net worth expected to decline by nearly Rs 2,100 crore

Nifty midcap 100 index was up 147 points or 0.24 per cent at 60,860 and Nifty smallcap 100 index was up 37 points or 0.19 per cent at 19,586

While 30-share BSE Sensex declines 212.54 points to 84,716.07 in early trade, NSE Nifty drops 52.2 points to 25,886.85

The approval also stipulates that if the "aggregate holding" of HDFC Bank falls below 5 per cent, prior approval of the RBI will be required to increase it to 5 per cent or more of the paid-up share capital or voting rights.

The 30-share BSE Sensex declined 243.36 points to 66,039.38. The Nifty slipped 59.2 points to 19,691.85.

By Seela Subba Rao Recently, former chairman of SBI, Rajnish Kumar, opined that in a country like India, allowing corporate houses to own banks is fraught with great risks. He advocated that the banks should be rightly owned and professionally managed. Similar views were echoed by former RBI Governor Raghuram Rajan as well as former […]

Hyderabad: The Central Crime Station police on Thursday arrested two more persons in connection with the Karvy Stock Broking Private Limited case. The arrested persons were Rajiv Ranjan Singh (52), chief operating officer and G Krishna Hari (63), chief financial officer working for the firm at Hyderabad. A case was registered against the company following […]