IndusInd Bank announced resignation of Deputy CEO Arun Khurana following the disclosure of accounting discrepancies leading to a ₹1,959.98 crore impact…
Tag: IndusInd
After ₹1,959.98 crore jolt, IndusInd Bank moves to fix lapses in internal controls
IndusInd Bank has disclosed the findings of an independent investigation into accounting discrepancies first revealed in March. The report points…
IndusInd Bank notes Rs 1,979 cr hit to net worth due to derivatives lapse, impact to reflect in FY25
IndusInd Bank on Tuesday disclosed that an external audit has identified a Rs 1,979 crore negative impact to its net…
IndusInd is an episode, not a failure, banking system is secure: RBI governor
Sanjay Malhotra, Governor of the Reserve Bank of India, reassured the public that India’s banking system continues to be “safe…
IndusInd denies PwC submitting report to bank’s board: Report
IndusInd Bank denied media reports on April 2 suggesting that PwC had submitted a report to the bank’s board, as…
IndusInd Bank CEO, deputy may have to exit after accounting lapses: Report
The Reserve Bank of India (RBI) has urged the CEO of IndusInd Bank and his deputy to step down after…
IndusInd International to list insurance units of Reliance Capital in 2-3 years
IndusInd International Holdings (IIHL) on Tuesday said it will list the insurance units of Reliance Capital in two to three…
IndusInd Bank promoters see stock dip as investment opportunity
IndusInd Bank promoters have reiterated their commitment to the bank saying that the depressed stock value makes it an attractive…
Acquisition of RCAP completed by IndusInd International Holdings: Ashok Hinduja
Ashok Hinduja, Chairman of IndusInd International Holdings Ltd (IIHL), announced on Tuesday that the acquisition of debt-ridden Reliance Capital (RCAP)…
IndusInd Bank: ICAI may look into bank’s financial statements following accounting crisis
The Institute of Chartered Accountants of India (ICAI) will likely review books of IndusInd Bank following accounting discrepancies that were…