“I suppose as far as the bank is concerned, soon they will really find the leadership and they will reconstitute the leadership group as well. The bank is stable,” says Ashvin Parekh, Ashvin Parekh Advisory.What is next now? I mean, for the first time it has happened where Reserve Bank of India has asked a … Read more
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
Mumbai: IndusInd Bank said on Sunday it would absorb ₹1,959.98 crore-or the full impact-of losses from incorrect accounting practices in its March earnings. It also promised action against errant employees and sought to strengthen accountability through a realignment of roles. “The board is taking necessary steps to fix accountability of the persons responsible for these … Read more
Mumbai: A renewed wave of optimism lifted domestic lenders to record levels as better-than-expected March quarter results at top banks buttressed their investment case, already in focus of late on account of the preference for sectors benefiting from local prospects amid lingering uncertainty over trade tariffs. Expectations of more interest rate cuts, with the Reserve … Read more
HDFC Mutual Fund has increased its stake in IndusInd Bank by acquiring an additional 0.20% of the bank’s paid-up shares. This move comes during a period of significant market fluctuation for the bank, which recently faced a sharp decline in its share value after announcing discrepancies in its internal derivatives accounting. The banking stock closed … Read more
IndusInd Bank has recently been in the spotlight after its stock fell to a 52-week low on March 11, 2025, (Tuesday) attributed to an accounting irregularities related to forex derivative transactions. Although the stock saw a slight recovery the following day (Wednesday – March 12), questions about the security of fixed deposits (FDs) have surfaced … Read more
While the domestic stock markets have given investors very little to cheer over the last six months, 56 stocks have held on to their multibagger tag, giving up to 760% returns since the last Holi of March 25, 2024. What is noteworthy is that only a dozen stocks in this pack have given negative returns … Read more
Higher Promoter Pledge “Promoter Increasing Pledge” refers to a situation where company promoters are pledging a larger portion of their shares as collateral for loans or other financial purposes. In the Nifty500, we have highlighted the top 5 stocks with an increase in promoter pledge during the December ’24 quarter compared to the September ’24 … Read more
Around 10 companies saw the highest increase in mutual fund holdings in percentage terms in December, according to a press release by Prime Database. Here is the list of companies: Source link
The Indian market is likely to trade higher on Wednesday, tracking positive global cues. The Nifty50 closed 378 points higher at 23,739 on Tuesday. India VIX, the market’s fear gauge, edged lower by 2.33% to 14.02 in the previous trading session. The index has breached both the 50-day and 200-day EMAs, further cementing bullish momentum. … Read more