Indusind News
IndusInd Bank elevates Santosh Kumar as deputy CFO
The lender, grappling with the fallout of accounting discrepancies in its derivatives portfolio, appoints a deputy CFO ahead of its Q4 results.
1 min read17 Apr 2025Macquarie retains ‘Outperform’ on IndusInd Bank despite derivative discrepancies; target at ₹1,210
IndusInd Bank’s accounting discrepancies may have a limited impact, quantified at 2.27% of net worth. Macquarie Research retains an ’outperform’ rating with a target price of ₹1,210, indicating a 53.5% upside potential.
3 min read17 Apr 2025Indias IndusInd Bank rises on smaller-than-expected hit from accounting lapse
INDUSIND BANK-STOCKS/ (PIX):India’s IndusInd Bank rises on smaller-than-expected hit from accounting lapse
1 min read16 Apr 2025IndusInd Bank share price eases after external report finds ₹1,979 crore of ‘negative impact’ in derivatives portfolio
IndusInd Bank share price has gained 10% in one month and has dropped 24% in three months. The private lender’s shares have declined 45% in six months. Over the past one year, IndusInd Bank shares have fallen 50%, while in two years, IndusInd Bank shares have fallen 34%.
1 min read16 Apr 2025Stocks to watch: Wipro, IndusInd Bank, Swiggy, IREDA, Vedanta among shares in focus today
Here’s a quick look at stocks likely to be in focus in today’s trade.
2 min read16 Apr 2025IndusInd Bank flags 2.27% net worth hit from ₹1,979-crore worth lapse in derivates post external probe
IndusInd Bank announced in a statement that based on the report, it has assessed an adverse impact (on a post-tax basis) of 2.27 per cent to its net worth as of December 2024.
2 min read15 Apr 2025Bank stocks in heavy demand; IndusInd Bank jumps nearly 7 pc
Bank stocks in heavy demand; IndusInd Bank jumps nearly 7 pc
1 min read15 Apr 2025‘Do not see an imminent recovery’ Emkay replaces IndusInd Bank with PFC in its model portfolio
Emkay Global Financial Services has removed IndusInd Bank from its model portfolio due to leadership uncertainty and a derivatives accounting issue, replacing it with Power Finance Corporation for its attractive valuation and growth potential in the power sector.
3 min read27 Mar 2025Crisis-hit IndusInd draws top search firms scouting for mandate to find new CEO
Egon Zehnder has been the go-to firm to search for private bank CEOs in the past, with HDFC Bank, Axis Bank, and RBL Bank giving it the mandate.
4 min read26 Mar 2025Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared