IndusInd Bank Shares Plunge 27% Amid Rs 2,100 Crore 'Accounting Lapse' - What's Next?
IndusInd Bank's shares plummeted 27% after the bank revealed a Rs 2,100 crore discrepancy in its derivatives portfolio, accumulated over 5-7 years. CEO Sumant Kathpalia assured investors that the bank has sufficient reserves to absorb the impact.
IndusInd Bank – The Whys and Hows behind the “Accounting discrepancy”
Accounting ‘Glitch’ or Red Flag? IndusInd Bank’s ₹1,500 Crore Shocker Explained. 27% Crash in a Day: The Hidden Accounting ‘Glitch’ That Shook IndusInd Bank.
India's IndusInd Bank slumps over 22% as accounting gap raises earnings concerns
By Nandan Mandayam and Siddhi Nayak (Reuters) -Shares of Indian private lender IndusInd Bank fell more than 22% to an over four-year low on Tuesday, a day after it reported discrepancies in accounting related to forex derivatives that could lead to a one-time hit to earnings.
IndusInd Bank Shares Plunge 25% Hitting a 52-week Low
The trouble stems from an internal review that uncovered errors in how the bank accounted for hedging costs linked to past forex transactions.
India's IndusInd Bank shares plunge 27%, major shareholder urges calm
Ashok Hinduja, chairman of IndusInd International Holdings, told CNBC-TV18: "At the moment, there is no margin call."
India's IndusInd Bank says net worth to take 2.35% hit due to account discrepancies
Indian private lender IndusInd Bank said on Monday it expects a 2.35% decline in its net worth as of December 2024, due to some discrepancies in its accounts found during an internal review.
IndusInd Bank Crisis: RBI steps in, tells board to nominate external candidates for COO, CEO posts
It should be noted that last week, the RBI had given nod to a year-long extension to the reappointment of current chief ...
RBI may prefer a public sector banker to helm IndusInd Bank, going by recent appointment trend in private sector banks
RBI may prefer public sector banker to replace IndusInd Bank CEO amid concerns over balance sheet and leadership.
India central bank probing banks' derivatives books amid IndusInd fallout, sources say
India's central bank is examining derivatives exposures of some private and state-run banks days after IndusInd Bank ...
IndusInd Bank: RBI stepped in after lender delayed provisioning by a year, says report
The stock crashed over 27 percent on March 11 after the bank said it found some discrepancies in its forex derivative ...
The Financial Express18h
RBI initiates review of derivative positions of private and public sector banks after IndusInd fiasco: Reports
The Reserve Bank of India has begun a review of derivative books of both private and state-owned banks, according to sources.
India's IndusInd Bank hits over 2.5-year low as RBI's short CEO tenure sparks uncertainty
Shares of India's IndusInd Bank fell nearly 6% on Monday to their lowest level since July 2022, after the country's central ...
NewsBytes16h
RBI reviewing derivative positions of banks after IndusInd's forex fiasco
After the discrepancies were revealed, IndusInd Bank's stock fell over 27%. Chairman Ashok Hinduja assured investors that he ...
Is IndusInd turmoil a one-off or one of many? RBI wants to know
The RBI is examining whether unhedged forex liabilities are an issue specific to IndusInd Bank or a broader banking problem.
Deccan Chronicle12h
IndusInd Bank fallout--RBI begins review of derivative position of lenders
The Reserve Bank of India (RBI) has begun a review of the derivative exposure of both private and state-owned banks after ...
IndusInd Bank crash: 'If you had invested Rs 1,000 in Sep 2014...", financial planner sheds light its performance
IndusInd Bank Ltd. saw its shares rise by 4.43% on Wednesday, closing at Rs 685 on the NSE. The stock has experienced a ...
The Financial Express1d
IndusInd Bank’s Rs 1,580 crore discrepancy: What happened and why it matters
IndusInd Bank said that an internal review of its derivative portfolio revealed discrepancies, which could hit its net worth ...