Since the lapses were disclosed, IndusInd shares have fallen nearly 8% and led to 11 of the 36 analysts covering the stock lowering their rating, per LSEG data.
RBI’s one-year extension of Kathpalia’s appointment raised eyebrows. Some say it was a strategic move by the RBI to ensure the bank had time to find an adequate replacement.
The bank flagged a 2.35% hit to its net worth, around Rs 15-20 billion, as of December 2024 due to an underestimation of hedging costs with regard to some past forex transactions.
From debts to planning the dream wedding, IndusInd Bank offers personal loans at attractive interest rates to make sure that one does not compromise on important things in life.
From pick-up facilities to high rates on fixed deposits, IndusInd Bank's new savings account has been crafted keeping the needs and welfare of senior citizens in mind.
The dynamics between Europe and Russia have gone so south that mending fences looks like an uphill task—even as the US swings between sanctions and olive branches.
Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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