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Source: Live Mint IndusInd Bank share price: The shares of private lender IndusInd Bank slumped nearly 6% in intraday trade on Friday after it flagged fresh accounting errors following an internal audit of its microfinance business. IndusInd Bank share price slipped 5.7% to the day’s low of ₹735.95 on the BSE. The stock opened at…
Source: Live Mint IndusInd Bank share price fell over 3% after the private lender’s MD & CEO Sumant Kathpalia resigned from his post. IndusInd Bank shares fell as much as 3.21% to ₹810.40 apiece on the BSE. Private lender IndusInd Bank on Tuesday announced that Sumant Kathpalia has stepped down as the managing director and…
Source: Live Mint Mumbai: IndusInd Bank Ltd on Tuesday said that the external agency tasked to study the lender’s derivatives debacle has estimated the negative impact at ₹1,979 crore as on 30 June, 2024. This would amount to 3.1 per cent of the bank’s net worth of ₹63,815 crore as on that date. The bank…
Source: Live Mint HDFC Mutual Fund, through its various schemes, has increased its stake in IndusInd Bank, even as the banking stock faces pressure following disclosures of accounting discrepancies related to internal derivatives. IndusInd Bank share price closed 1.84 per cent lower at ₹672.10 on the BSE on Thursday, March 13. The banking stock suffered…
Source: Live Mint It takes years to build trust, but just seconds to break it. No one knows this better than IndusInd Bank Ltd’s investors as they see the bank’s stock crumble amid back-to-back negative developments. On Monday, after market hours, the private sector lender informed the stock exchanges about discrepancies in its derivatives portfolio…
Source: Live Mint The Indian stock market continued its downward trajectory for the fourth consecutive session on Friday, weighed down by weak global cues. Benchmark indices, Sensex and Nifty 50, declined over 0.5% on February 21, driven by heavy selling in auto, pharmaceutical, financial, and FMCG stocks. The 30-share BSE Sensex fell by 560 points…
Source: Live Mint Paytm, Coforge, Federal Bank are among the top contenders to be included in the MSCI India Standard Index in its upcoming rebalancing. MSCI rebalancing announcement is scheduled for February 11 after market hours and will be effective from March 3. According to brokerage firm JM Financial, there is high-probability for inclusion of…
Source: Live Mint The upcoming MSCI index review for February 2025 is likely to bring significant changes, with five stocks having a high probability of migrating from the MSCI Small Cap Index to the Standard Index. These anticipated inclusions in the MSCI Standard Index are Coforge, One 97 Communications (Paytm), Coromandel International, UNO Minda and…
