Indusind bank stock price

IndusInd Bank shares in focus after CEO Sumant Kathpalia resigns amid derivatives accounting row

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IndusInd Bank shares in focus after CEO Sumant Kathpalia resigns amid derivatives accounting row

IndusInd Bank shares will be in focus on Wednesday after the resignation of its Managing Director and CEO, Sumant Kathpalia, marking a significant leadership shake-up at India’s fifth-largest private lender. Kathpalia stepped down on Tuesday, just a day after Deputy CEO Arun Khurana resigned, following revelations of accounting discrepancies in the bank’s derivatives portfolio. The … Read more

Should you buy or sell IndusInd Bank after Q2 results? Here’s what brokerages say

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Should you buy or sell IndusInd Bank after Q2 results? Here’s what brokerages say

Due to lower provisions amid material improvement in asset quality and lower-than-expected credit costs, private sector lender managed to beat Dalal Street estimates in its Q2 earnings. Most brokerages are bullish on the stock with target prices going up to Rs 1,500. Among global brokerages, BofA Securities and CLSA both have given target prices of … Read more