Sebi has corrected its May 28 order on IndusInd Bank to clarify that KPMG was appointed through an ‘engagement note’ signed by CFO and executives Arun Khurana and Sumant Kathpalia, not through a ‘board note’ as earlier stated. The original order suggested that the board was aware of the discrepancies in derivatives valuation. Source link
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Banking stocks stole the spotlight on Tuesday as the broader markets continued their winning streak, driven by a mix of interest rate cuts and improved investor sentiment.IndusInd Bank was the standout performer, soaring 6.84% on the BSE. Other private sector lenders followed suit, Axis Bank jumped 4.18%, HDFC Bank rose 3.23%, and ICICI Bank gained 2.86%.Public sector banks also saw …
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MUMBAI: IndusInd Bank reported a slight year-on-year rise in net advances and deposits for the quarter ended March 2025, even as sequential trends reflected a slowdown in loan growth.The bank’s net advances stood at Rs. 3.48 lakh crore as of March 31, 2025, up 1.4% from a year ago but down 5.2% from the preceding quarter. The drop in corporate …
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MUMBAI: IndusInd Bank‘s board has decided to appoint an external agency to conduct a comprehensive investigation into discrepancies identified in its derivative portfolio.On March 10, the bank disclosed that there was an ongoing review by an external agency regarding certain discrepancies in its account balances related to derivative transactions. The bank said any resultant impact would be appropriately reflected in …
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MUMBAI: IndusInd Bank may have overstated its net interest income in preceding quarters, research reports by brokerage houses said. As a result, the lender will take a significant hit in its profits for the fourth quarter as it addresses the same.IndusInd Bank during an analyst call last week said that it identified discrepancies in its foreign exchange derivative portfolio related …
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Top stocks to buy (AI image) Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, IndusInd Bank and Cipla are the top stocks to buy today:IndusInd Bank – Buy in the range between 1060 & 1040; Stoploss: 1013; Target 1150IndusInd Bank has taken support at 40 Daily Moving average i.e. 1013 and …
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Jefferies has a ‘buy’ recommendation on Reliance Industries with a target price of Rs 1,690 (+36%). Analysts feel RIL’s recent underperformance in CY24 was due to concerns around the medium-term growth prospect of retail and lower earnings growth in FY25. Analysts see restoration of mid-teens growth in retail, likely listing of Jio and improvement in oil-to-consumer profitability in FY26.Elara Capital …
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