Indusind Bank Share News - Latest Updates, Live News & More

Latest news about Indusind Bank

IndusInd Bank Shares Rise Despite Asset Quality Concerns in Q1 Results 2 days ago

IndusInd Bank reported a net profit of Rs 684.00 crore in Q1, aligning with estimates and recovering from previous quarter's loss. Net Interest Income surged 52% year-on-year to Rs 4,640.00 crore, with Net Interest Margin improving to 3.46%. However, asset quality concerns persisted with Gross Non-Performing Assets ratio rising to 3.64% from 3.13%. Despite these challenges, the bank's shares gained 0.92% post-results announcement.

IndusInd Bank Reports Q1 Profit of ₹604 Crore; New CEO to Decide on Fund Raising 2 days ago

IndusInd Bank's New Leadership to Decide on Fund Raising as Q1 Profits Rebound 2 days ago

IndusInd Bank Returns to Profitability, Targets Operational Expense Control 2 days ago

IndusInd Bank Q1 Net Profit Drops 68% to ₹684 Crore, Beats Estimates Amid Asset Quality Concerns 2 days ago

More news about Indusind Bank

28Jul 25

IndusInd Bank CEO Selection Process On Track Amid Turbulent Times

IndusInd Bank is undergoing significant changes, including a CEO selection process, following resignations due to an accounting controversy. The bank has experienced major shifts in its shareholding pattern, with mutual funds reducing stakes while foreign portfolio investors and retail investors increase theirs. Despite recent challenges, including regulatory scrutiny and leadership exodus, the bank reported a net profit in the June quarter. The board has outlined five focus areas to address current issues and improve performance.

27Jul 25

IndusInd Bank Q4 Results: Net Loss of Rs 2,329 Crore Amid Provisioning Pressures

IndusInd Bank posted a consolidated net loss of Rs 2,329 crore in Q4, contrasting with previous profitability. Revenue declined 22.87% year-on-year to Rs 11,342.60 crore. Net Interest Income estimated to fall 22-25% year-on-year. Earnings Per Share dropped to -Rs 29.90 from Rs 30.19 last year. Performance impacted by elevated provisioning, especially in microfinance portfolio. Loan growth expected to contract 3-4% year-on-year, while deposit growth anticipated to remain flat to slightly positive. Operating profit decreased 48.10% year-on-year to Rs 3,863.70 crore.

25Jul 25

IndusInd Bank's CHRO Zubin Mody Resigns After 20-Year Tenure; RBI Approves Extension of Interim Leadership Committee

Zubin Mody, CHRO of IndusInd Bank, has resigned after a 20-year tenure. He will continue until October 24. The bank also received RBI approval to extend its interim Committee of Executives' tenure for one month, from July 29 to August 28, or until a new MD & CEO is appointed.

25Jul 25

IndusInd Bank Faces Multiple Challenges Amid Management Shake-up

IndusInd Bank is facing significant challenges as it prepares to release its April-June quarter results on July 28. Analysts expect a steep decline in earnings due to accounting discrepancies, stress in the microfinance portfolio, and an ongoing CEO search. Additionally, the bank's Chief Human Resources Officer, Zubin Mody, has resigned effective October 24, 2025, after a 20-year tenure. These issues are likely to impact the bank's financial performance and investor confidence.

23Jul 25

IndusInd Bank Approves Rs 30,000 Crore Fundraising Plan Amid Leadership Changes

IndusInd Bank has approved a Rs 30,000 crore fundraising plan, including Rs 20,000 crore through debt securities and Rs 10,000 crore via equity instruments. The bank is also undergoing leadership transitions with Mr. Jayant Deshmukh stepping down as a non-executive independent director. A search for a new CEO is ongoing, with potential candidates including Anup Kumar Saha, Rajiv Anand, and Rahul Shukla. The bank's shares closed 0.95% higher at Rs 851.15 following the announcement. An analyst call is scheduled for July 28, 2025, to discuss Q2 2025 financial results.

23Jul 25

IndusInd Bank Approves Rs 30,000 Crore Fundraising Plan Amid Leadership Changes

IndusInd Bank has approved a Rs 30,000 crore fundraising plan, with Rs 20,000 crore through debt securities and Rs 10,000 crore via equity instruments. The bank is also undergoing leadership changes, with Mr. Jayant Deshmukh stepping down as a non-executive independent director. A search for a new CEO is underway, with candidates including Anup Kumar Saha, Rajiv Anand, and Rahul Shukla under consideration. The bank's shares closed 0.95% higher following these announcements. An analyst call is scheduled for July 28, 2025, to discuss Q2 2025 results, and the 31st AGM is set for August 29, 2025, in Pune.

23Jul 25

IndusInd Bank Board Approves ₹30,000 Crore Fundraising Plan and Reports Quarterly Results

IndusInd Bank's Board has approved a ₹30,000 crore fundraising plan, including ₹20,000 crore through debt securities and ₹10,000 crore via equity instruments. The bank reported a 3.90% decrease in net advances and a 0.30% drop in total deposits in its latest quarterly results. Corporate banking advances declined by 14.40%, while consumer businesses grew by 4.80%. The board also approved changes allowing promoters to nominate up to two directors.

23Jul 25

IndusInd Bank Announces Capital Raising Plans, Board Changes, and Key Decisions

IndusInd Bank has announced significant changes in its board composition and future plans. Jayant Deshmukh has stepped down as Non-Executive Independent Director. The bank's promoters will be able to nominate up to two directors to the board, subject to approvals. The bank plans to raise Rs. 100 billion in capital through various means and Rs. 200 billion through debt securities issuance. An analyst call is scheduled to discuss Q1 financial results, and the 31st AGM will be held in Pune.

21Jul 25

IndusInd Bank Refutes Reports of RBI Directive on CEO Appointment Process

IndusInd Bank has refuted reports of an RBI informal directive regarding its CEO search, calling them false and speculative. The bank affirmed that the appointment process for a new MD and CEO is proceeding as planned. An interim committee is overseeing operations following significant top management departures. The board is set to meet to discuss long-term bonds, capital augmentation, and quarterly results. Three potential CEO candidates are reportedly under consideration. IndusInd Bank's shares were trading at ₹851.90, down 2.10%, with a 12.00% decline over six months.

21Jul 25

IndusInd Bank Refutes Claims of RBI Intervention in CEO Selection Process

IndusInd Bank has firmly denied allegations that the Reserve Bank of India (RBI) instructed its board to expand the search for a new CEO. The bank emphasized that there has been no regulatory intervention in its leadership selection process, contradicting recent reports. This clarification aims to maintain transparency and trust among stakeholders. The CEO selection process appears to be progressing independently under the bank's board management.

19Jul 25

IndusInd Bank Gears Up for Capital Raising and Q1 Results

IndusInd Bank has announced two important board meetings. On July 23, the board will consider proposals for capital raising, including issuing long-term bonds and securities like ADRs, GDRs, and QIPs. On July 28, the board will review Q1 FY24 financial results. The bank's shares closed 1% higher at ₹874.00, showing a 44% recovery from its 52-week low. An earnings call will follow the results announcement, and the trading window for the bank's securities will remain closed from June 26 to July 30.

18Jul 25

IndusInd Bank to Consider Fund Raising and Long-Term Bond Issuance in Upcoming Board Meeting

IndusInd Bank has scheduled a board meeting for July 23, 2025, to discuss fund-raising initiatives and long-term bond issuance. The agenda includes considering private placement of bonds, capital augmentation through ADRs, GDRs, and QIPs, and setting the date for the 31st AGM. This comes after the bank reported a $230 million loss for the fiscal year ended March 31 due to misaccounting issues. The bank is also in the process of selecting a new CEO following recent executive departures. A separate board meeting is scheduled for July 28, 2025, to approve Q1 financial results.

07Jul 25

IndusInd Bank Reports Decline in Advances and Deposits

IndusInd Bank's latest financial update shows a decline in both advances and deposits. Net advances decreased by 3.00% quarter-on-quarter to ₹3.34 lakh crore, while deposits fell by 3.30%. The CASA ratio declined to 31.49%, and Corporate Banking advances dropped significantly by 6.20% quarter-on-quarter. However, the credit-deposit ratio remained stable at 84.20%. The bank's total assets decreased by 3.90% year-on-year, but current assets saw a substantial increase of 460.16%. Investments grew by 7.48%, indicating strategic resource allocation.

04Jul 25

IndusInd Bank: Net Advances Drop 3% Amid Challenging Market Conditions

IndusInd Bank experienced a 3.1% sequential decline in net advances to Rs 3.34 lakh crore. Corporate banking advances fell 14.4% year-over-year and 6.2% quarter-on-quarter. Deposits decreased by 3.3% sequentially to Rs 3.97 lakh crore, with the CASA ratio dropping to 31.49%. The bank reported a net loss of Rs 2,236.00 crore, contrasting with a profit in the previous year. Revenue decreased by 22.83% year-over-year to Rs 11,342.70 crore.

01Jul 25

IndusInd Bank Unveils 'Indie For Business' Platform to Empower 60 Million MSMEs

IndusInd Bank has introduced 'Indie For Business', a digital platform aimed at serving over 60 million Micro, Small, and Medium Enterprises (MSMEs) in India. The platform is designed to offer comprehensive digital banking services tailored for MSMEs, potentially including easy account management, simplified lending processes, digital payment solutions, and financial advisory services. This initiative is expected to improve access to banking services, enhance financial inclusion, increase operational efficiency, and support growth for MSMEs across the country.

28Jun 25

IndusInd Bank Shortlists Three Candidates for MD and CEO Position

IndusInd Bank's board has shortlisted three candidates for the position of Managing Director and CEO: Rajiv Anand from Axis Bank, Rahul Shukla from HDFC Bank, and Anup Saha from Bajaj Finance. This action is in response to the Reserve Bank of India's directive, with a June 30 deadline for submitting recommendations. The selection will significantly impact IndusInd Bank's future strategic direction.

24Jun 25

IndusInd Bank Probes Potential Rs 6,000-7,000 Crore Improper Lending in Microfinance Portfolio

IndusInd Bank is investigating its microfinance loan portfolio for potential improper lending practices. The probe could uncover irregularities of Rs 6,000-7,000 crore. The bank is reviewing microfinance and unsecured loans for possible violations of lending rules. There are indications that additional loans may have been provided to microfinance borrowers to prevent defaults. This investigation could have significant implications for the microfinance sector in India and may attract regulatory attention from the Reserve Bank of India.

19Jun 25

IndusInd Bank Sees Surge in FII Stake Despite Recent Challenges

Foreign portfolio investors (FIIs) have increased their stake in IndusInd Bank to 29.53% from 24.74%, a rise of 4.79 percentage points. This comes despite the bank facing accounting irregularities and leadership changes. The bank's stock is currently trading at Rs 840.00, with a year-to-date performance of -12.20%. The increased FII stake suggests potential value opportunity, confidence in the bank's fundamentals, or anticipation of positive reforms.

19Jun 25

IndusInd Bank Shares Upgraded to 'Buy' by Nomura Amid Governance Improvements

Nomura has upgraded IndusInd Bank from 'Neutral' to 'Buy' with a price target of ₹1,050, citing improved governance and recovery efforts. The bank recently absorbed a ₹5,300 crore hit in the March quarter, addressing legacy issues. This follows earlier challenges including ₹1,979 crore in derivative-related losses and significant leadership changes. Nomura's upgrade reflects confidence in the bank's financial clean-up and future prospects.

16Jun 25

NFRA Scrutinizes IndusInd Bank's Auditors, Issues Notices

The National Financial Reporting Authority (NFRA) has issued notices to the auditors of IndusInd Bank, a major private sector lender in India. This action signals potential concerns over the bank's auditing process. While specific details of the alleged discrepancies or non-compliance have not been disclosed, this development could have significant implications for IndusInd Bank and may lead to increased regulatory attention.

16Jun 25

NFRA Launches Probe into IndusInd Bank Auditors Over Accounting Irregularities

The National Financial Reporting Authority (NFRA) has launched an investigation into IndusInd Bank's current and former auditors, focusing on possible accounting irregularities in the bank's derivatives book. NFRA has requested audit files dating back to 2017, aiming to scrutinize the auditors' role in potentially overlooking or failing to detect accounting issues. The probe could have significant implications for IndusInd Bank, including increased regulatory scrutiny and potential impact on investor confidence.

09Jun 25

SEBI Expands Probe into IndusInd Bank Beyond Insider Trading

SEBI is broadening its investigation into IndusInd Bank, examining compliance issues, disclosure lapses, and potential market restrictions. The regulator may issue 3-4 more orders against the bank. SEBI has also clarified that a key document in the insider trading case is an 'engagement note', not a 'board note'. Despite the probe, the RBI Governor states that IndusInd Bank's issues don't pose a systemic risk to the banking sector. The bank has undergone leadership changes, with the CEO resigning over financial irregularities, and the Hinduja Group has been asked to remain uninvolved during the ongoing situation.

08Jun 25

SEBI Clarifies 'Engagement Note' in IndusInd Bank Insider Trading Case

SEBI has issued a corrigendum to its May 28, 2025 interim order in the ongoing insider trading case involving IndusInd Bank. The regulator replaced the term 'board note' with 'engagement note' regarding KPMG's appointment in February 2024. This change is part of SEBI's ongoing examination of the bank's board's role in the insider trading case.

06Jun 25

IndusInd Bank Addresses Governance Issues, Reports ₹2,328.9 Crore Net Loss

IndusInd Bank reported a net loss of ₹2,328.9 crore for the quarter, a 266.08% decrease from the previous quarter's profit. The RBI confirmed the bank has implemented measures to enhance accounting and internal practices, addressing earlier discrepancies. SEBI barred five key management personnel from trading in securities. Despite the loss, the bank's shares gained 5% on June 6, possibly due to governance improvement efforts.

06Jun 25

RBI Governor Commends IndusInd Bank's Performance and Accounting Practices

The Reserve Bank of India (RBI) Governor has expressed satisfaction with IndusInd Bank's performance and accounting practices. The Governor stated that sufficient measures have been taken concerning the bank's accounting practices, signaling confidence in the private sector lender's operations and financial health. This endorsement comes as IndusInd Bank reports significant year-on-year growth across key financial metrics, including a 23.81% increase in revenue and a 21.11% rise in net profit.

05Jun 25

RBI Sets Conditions for Hinduja Group's Capital Infusion into IndusInd Bank

The Reserve Bank of India (RBI) has outlined specific conditions for the Hinduja Group to inject fresh capital into IndusInd Bank. The promoters must revoke the existing pledge on their 15.83% shareholding, of which 51% is currently pledged, and appoint a representative to the bank's board. This comes as IndusInd Bank faces financial challenges, including a forensic audit and a ₹2,000 crore reduction in net worth due to accounting irregularities.

05Jun 25

IndusInd Bank Enhances Digital Banking with Revamped 'Indie' App

IndusInd Bank has introduced an enhanced version of its 'Indie' mobile banking application, aiming to transform the digital banking experience for its over 15 million retail customers. The upgraded app is part of the bank's digital transformation strategy, although specific new features have not been disclosed. This move aligns with the broader trend of digital innovation in the banking sector, focusing on improved customer service and engagement through technology.

03Jun 25

IndusInd Bank Promoters Explore Fresh Capital Infusion, in Talks with Long-Term Investors

IndusInd Bank's promoters are in preliminary talks with potential long-term investors, including sovereign wealth funds and pension funds, to raise fresh capital through new share issuance. This move could strengthen the bank's capital base, foster long-term partnerships, boost market confidence, and enhance regulatory compliance. The discussions are still in early stages, with no official announcement from the bank yet.

29May 25

Government Pushes for 'Fair and Independent' Probe in IndusInd Bank Insider Trading Case

Sebi has prohibited former IndusInd Bank executives, including ex-CEO Sumant Kathpalia, from trading in securities due to alleged insider trading. The executives are accused of possessing information about ₹1,529 crore accounting discrepancies for over a year before public disclosure. Sebi has impounded ₹19.80 crore and is continuing its investigation. The government has called for a thorough probe, advising the bank's board to file a police complaint. Potential penalties could reach up to ₹25 crore or three times the gains made, whichever is higher.

28May 25

SEBI Bans Former IndusInd Bank CEO and Four Others from Securities Market

SEBI has barred former IndusInd Bank CEO Sumant Kathpalia and four other senior officials from dealing in the securities market due to an ongoing insider trading investigation. The regulator has impounded 197.80 million rupees and prohibited these individuals from buying, selling, or dealing in shares until further notice. SEBI has committed to completing the investigation expeditiously.

27May 25

IndusInd Bank Under Regulatory Spotlight as NFRA Probes Forex Derivative Audit Lapses

IndusInd Bank faces regulatory scrutiny following a complaint to the NFRA about alleged audit lapses in its forex derivative portfolio. An internal review revealed irregularities spanning 7-8 years with a potential post-tax impact of Rs 1,600 crore. Management changes include resignations and dismissals. The bank reported a consolidated net loss of Rs 2,329 crore. The situation highlights the importance of robust audit practices in the banking sector.

26May 25

IndusInd Bank Officials Exit Amid Accounting Discrepancies; Bharat Financial Inclusion Executive Vice Chairman Resigns

IndusInd Bank has asked two officials handling loan data to leave following the discovery of significant accounting gaps in its microlending business. J Sridharan, Executive Vice Chairman of Bharat Financial Inclusion, a microfinance subsidiary of IndusInd Bank, has also resigned. These developments raise concerns about the accuracy of the bank's financial data in its microlending segment and may lead to increased scrutiny from investors and regulators.

23May 25

IndusInd Bank's Recovery Hinges on New Leadership and Addressing Concerns

IndusInd Bank's stock valuation has dropped from 1.50 to 0.80-0.70 times book value due to investor concerns. The bank's recovery depends on the stability of new management and resolution of accounting irregularities. Analysts advise investors to wait for clarity on new management plans and assurances on financial health before considering the stock.

23May 25

IndusInd Bank Stock Rebounds Despite First Quarterly Loss in Two Decades

IndusInd Bank reported a net loss of ₹2,236.00 crore in Q4 FY2025, its first quarterly loss in 20 years. Despite this, the bank's shares rebounded by 1.8% to ₹785 after an initial drop. Revenue decreased by 22.83% to ₹11,342.70 crore. Analysts have raised concerns about governance issues, asset quality, and CEO succession, leading to reduced earnings estimates. The bank faces challenges in regaining investor confidence and returning to profitability.

22May 25

SEBI Launches Probe into Alleged Major Violations at IndusInd Bank

The Securities and Exchange Board of India (SEBI) has initiated an investigation into IndusInd Bank, one of India's leading private sector banks, for significant alleged violations. The specific nature of these violations remains undisclosed. Neither SEBI nor IndusInd Bank has provided detailed information about the investigation. This development may have potential implications for the bank's reputation and operations. IndusInd Bank has not yet issued a public statement regarding the reported investigation.

22May 25

IndusInd Bank's Parent Company Pledges Equity Support, Boosting Confidence

The chairman of IndusInd International Holdings Ltd (IIHL), the parent company of IndusInd Bank, has pledged to provide financial support through equity infusion if needed. This commitment enhances the bank's financial stability, potentially boosting investor confidence and positioning the bank for growth opportunities. The backing is expected to help maintain healthy capital adequacy ratios and strengthen the bank's market position.

22May 25

IndusInd Bank: Sebi Investigates 'Egregious Violations' Amid Governance Concerns and CEO Search

IndusInd Bank is under intense scrutiny following the discovery of a Rs 3,400 crore accounting fraud, resulting in a net loss of Rs 2,329 crore. Sebi has launched an investigation into potential securities market violations. The bank's board is facing governance concerns and is actively searching for a new CEO with a clean image. Despite these challenges, Ashok Hinduja, Chairman of IndusInd International, has expressed strong support for the bank's board and core business.

22May 25

IndusInd Bank Reports Significant Q4 Net Loss Amid Accounting Challenges

IndusInd Bank posted a net loss of ₹22.00 billion in Q4, compared to a profit of ₹23.49 billion in the same period last year. Revenue declined to ₹106.00 billion from ₹122.00 billion year-over-year. Net Interest Income decreased to ₹30.48 billion from ₹53.76 billion. The bank's GNPA rose to 3.13% from 2.25%, while NNPA increased to 0.95% from 0.68%. The loss is attributed to accounting lapses in derivatives and the microfinance portfolio. Management has acknowledged the issues and committed to addressing them.

22May 25

IndusInd Bank Reports Q4 Loss and Significant Corporate Loan Book Decline

IndusInd Bank has reported a net loss of ₹2,328.00 crore in Q4, along with a 15.7% quarter-on-quarter decline in its corporate loan book. The bank reversed ₹423.00 crore in microfinance revenue and recognized ₹3,509.00 crore in microfinance slippages. A reversal of ₹1,960.00 crore was made due to derivative transaction discrepancies. The bank's net interest margin fell to 2.25% from 4.26% year-on-year. Major brokerages have reduced the bank's target price, and analysts have cut EPS estimates by 41-43% for FY26 and FY27.

21May 25

IndusInd Bank Addresses Accounting Irregularities and Prepares for Leadership Change

IndusInd Bank is facing challenges due to significant accounting irregularities in its derivatives and microfinance portfolios. The bank's chairman has acknowledged these issues, which involve senior officials and former key management. In response, the bank is addressing governance lapses, tightening internal controls, and implementing staff accountability measures. Simultaneously, IndusInd Bank is in the advanced stages of selecting a new CEO, with recommendations to be submitted to the RBI before June 30, 2025. The bank aims to start fiscal year 2026 with a 'clean slate', focusing on transparency and improved governance.

21May 25

IndusInd Bank Uncovers Accounting Irregularities, Suspects Fraud and Employee Involvement

IndusInd Bank has discovered accounting and financial reporting irregularities in its microfinance business, including the incorrect recording of 1.73 billion rupees as fee income over three quarters. The bank has reversed these entries and initiated an investigation. The board has directed steps to fix accountability and investigate internal derivative trades. While the bank has reflected known discrepancies in its quarterly results, the full extent of the irregularities is still under investigation.

21May 25

IndusInd Bank Faces Multi-Faceted Crisis and Leadership Transition

IndusInd Bank is grappling with derivatives discrepancies, microfinance accounting issues, and insider trading allegations. The bank's Deputy CEO and MD & CEO have resigned, with a new CEO selection in progress. Financial discrepancies of Rs 1,960 crore in derivatives and Rs 1,269 crore in accounting have been uncovered. Multiple investigations are ongoing. Despite challenges, Q3 FY2024 showed mixed results with a 39.07% decline in net profit but an 8.50% increase in total revenue. The bank's balance sheet indicates growth in total assets and equity.

21May 25

IndusInd Bank Reports Q4 Net Loss of Rs 2,236 Crore, NII Down 43%

IndusInd Bank has reported a net loss of Rs 2,236.00 crore in Q4, a stark contrast to the Rs 2,346.00 crore profit in the same quarter last year. The bank's Net Interest Income (NII) fell by 43% to Rs 3,048.00 crore, while interest income decreased by 13% to Rs 10,634.00 crore. The significant loss is primarily attributed to the derivatives segment. The bank's NII fell short of market expectations of Rs 4,762.00 crore.

20May 25

IndusInd Bank Sets Date for Q4 FY25 Results, Potential Dividend on the Horizon

IndusInd Bank will hold a board meeting on May 21, 2025, to approve Q4 and FY25 financial results and consider dividend recommendation. An earnings call is scheduled for 5:30 PM the same day. The trading window for the bank's securities will be closed from March 26 to May 23, 2025.

20May 25

SEBI Probes Six IndusInd Bank Officials for Alleged Insider Trading

SEBI is investigating six IndusInd Bank officials for potential insider trading related to the sale of employee stock options before the disclosure of a ₹1,897 crore accounting discrepancy. A forensic review by Grant Thornton suggests two executives traded shares with knowledge of irregularities. This probe raises questions about the bank's internal controls and corporate governance practices.

19May 25

IndusInd Bank Faces Potential Q4 Loss Amid Accounting Challenges

IndusInd Bank anticipates reporting a net loss of Rs 410.85 crore due to accounting discrepancies and recent leadership departures. The bank's financial outlook is impacted by a Rs 1,960.00 crore hit from derivatives portfolio inconsistencies and two newly discovered accounting errors totaling Rs 1,269.00 crore. Despite challenges, Net Interest Income is expected to reach Rs 5,030.00 crore, with a Net Interest Margin of 3.96%. The exit of both CEO and deputy CEO adds to the bank's difficulties, potentially affecting investor confidence and strategic direction.

19May 25

IndusInd Bank Partners with AIC STPINEXT to Boost Early-Stage Startups and MSMEs

IndusInd Bank has signed an agreement with AIC STPINEXT to provide comprehensive financial solutions for early-stage startups and MSMEs in India. The partnership offers a specialized Current Account with no quarterly average balance requirement, expert guidance, skill development workshops, and free value-added services like payroll and attendance management. This collaboration aims to create a supportive environment for entrepreneurs by eliminating financial burdens and enhancing their business management skills.

19May 25

IndusInd Bank Faces Downgrade and SEBI Probe Amid Accounting Concerns

IndusInd Bank is under scrutiny as SEBI investigates six officials for alleged insider trading related to stock option sales. Simultaneously, ICICI Securities has downgraded the bank's stock from 'Hold' to 'Sell', reducing the price target to ₹650. The downgrade follows revelations of a ₹674 crore inflated interest income in the microfinance segment, a ₹2,000 crore derivative loss, and leadership instability. ICICI Securities projects subpar growth and profitability for the bank from FY2025 to FY2027.

19May 25

IndusInd Bank Partners with AIC STPINEXT to Boost India's Startup Ecosystem

IndusInd Bank has signed a Memorandum of Understanding (MoU) with AIC STPINEXT to support and nurture innovative startups in India. This partnership aims to create a conducive environment for startups by combining IndusInd Bank's financial expertise with AIC STPINEXT's incubation and mentorship capabilities. The collaboration will provide startups with essential resources, guidance, and access to tailored financial services. This initiative is expected to contribute significantly to the development of India's startup ecosystem and aligns with the national agenda of promoting entrepreneurship and innovation.

17May 25

IndusInd Bank Faces Potential Q4 Loss Amid Accounting Issues and Leadership Changes

IndusInd Bank is expected to report a significant net loss in Q4 due to a ₹1,960.00 crore one-time charge related to accounting issues in its derivatives portfolio. The bank is currently led by a committee following the CEO's resignation. An internal review of its microfinance business is ongoing after a whistleblower complaint revealed ₹595.00 crore in unsubstantiated balances. Despite these challenges, Q3 results showed positive trends with a 5.33% YoY increase in net profit to ₹1,402.30 crore and 1.91% growth in total revenue to ₹15,155.80 crore.

16May 25

IndusInd Bank Braces for Rs 3,000 Crore Accounting Hit in Q4 Results

IndusInd Bank is expected to report a cumulative accounting impact of up to Rs 3,000 crore in its Q4 results due to irregularities in interest income recording and its derivatives book. This comes amid recent financial data showing revenue growth but declining net profit. The bank also faces management succession challenges following the CEO's resignation. Analysts anticipate significant effects on the bank's financial statements and are considering potential downgrades in their estimates.

16May 25

IndusInd Bank: Internal Audit Reveals Rs 595 Crore Discrepancy in 'Other Assets' and Accounting Irregularities

IndusInd Bank has disclosed significant accounting irregularities, including ₹595.00 crore in unsubstantiated balances and ₹674.00 crore incorrectly recorded as interest income. The CEO and Deputy CEO have resigned. The bank has hired Grant Thornton for a forensic audit and is taking steps to strengthen internal controls. These issues follow previous accounting lapses in the bank's derivatives portfolio.

15May 25

IndusInd Bank Uncovers Accounting Irregularities in MFI Business

IndusInd Bank's Internal Audit Department (IAD) report uncovered accounting irregularities in its Microfinance Institution business. Approximately ₹674.00 crore were incorrectly recorded as interest over three quarters, and unsubstantiated balances of about ₹595.00 crore were identified in 'Other Assets' accounts. The bank's board has initiated measures to strengthen internal controls and is investigating the roles of key employees involved.

15May 25

IndusInd Bank Faces New Accounting Probe Amid Leadership Changes

IndusInd Bank's internal audit department is investigating past accounting practices following a whistleblower complaint. The bank expects to make a provision of Rs 1,960.00 crore in Q4. Both CEO and deputy CEO have resigned. Despite challenges, Q3 FY2024 saw revenue growth of 8.50% YoY, but net profit declined by 39.07%. Total assets increased by 12.48% to Rs 514,935.00 crore.

12May 25

IndusInd Bank Faces Scrutiny Over ₹2,000 Crore Derivative Accounting Discrepancy Amid Insider Trading Probe

IndusInd Bank is dealing with a ₹2,000 crore discrepancy in derivative accounting and a potential insider trading investigation. Auditors are seeking clarification on whether the accounting mismatch constitutes fraud. The bank's board is examining an audit report suggesting possible insider trading and is taking steps to address accountability. Despite these issues, IndusInd Bank reported a 5.73% increase in net profit to ₹1,401.30 crore for Q3 FY2024. The bank's shares gained over 2% after a two-day decline, indicating cautious investor optimism.

09May 25

IndusInd Bank Addresses Allegations of Insider Trading by Former Officials

IndusInd Bank has responded to allegations of insider trading involving former officials, as reported in a news item titled 'Audit Firm Hints at Insider Trading by Former IndusInd Bank Officials'. The bank is currently examining the findings presented in the report and has committed to taking necessary actions in accordance with applicable laws and regulations. The investigation is ongoing, and no definitive conclusions have been drawn yet.

09May 25

IndusInd Bank: Crisil Places Long-Term Debt on Rating Watch Negative Amid Governance Concerns

IndusInd Bank is grappling with significant challenges as Crisil Ratings places its long-term debt instruments on rating watch with negative implications. The bank faces scrutiny over a Rs 1979.00 crore loss linked to mis-accounted internal derivative trades, with an audit report identifying areas needing further investigation. An independent probe by Grant Thornton has uncovered potential governance issues involving top executives, including allegations of trading bank shares before disclosing accounting lapses and deletion of relevant communications. The cumulative adverse impact on the bank's profit and loss statement is Rs 1959.98 crore as of March 2025.

08May 25

IndusInd Bank Sees Major Block Trade: 1.5 Million Shares Change Hands

IndusInd Bank witnessed a significant block trade on the NSE, with 1,511,486 shares sold at Rs. 829.80 per share, totaling Rs. 125.42 crores. The bank's financials show strong growth with total assets up 12.51% to Rs. 515,094.00 crores and total equity up 14.91% to Rs. 63,207.60 crores year-on-year. Investments increased by 28.18%, while current assets decreased by 23.95%. The block trade represents a small fraction of the bank's total outstanding shares, with the share capital at Rs. 778.30 crores.

08May 25

IndusInd Bank: Executive Misconduct and Accounting Lapses Lead to Rating Watch

IndusInd Bank is under increased scrutiny due to executive misconduct and accounting irregularities. A forensic review revealed former CEO and deputy traded shares with knowledge of accounting lapses. The bank faces a ₹1,915.34 crore balance sheet discrepancy. CRISIL Ratings has placed the bank's long-term debt ratings on 'Rating Watch with Negative Implications'. An internal audit of the bank's microfinance portfolio is ongoing. Despite challenges, the bank maintains stable financials with growth in total assets and equity, but a decrease in current assets.

06May 25

IndusInd Bank Under Scrutiny: Investigations Loom Following Management Shakeup

IndusInd Bank is undergoing intense scrutiny following top management departures and a Grant Thornton report. Multiple departments, including Treasury, Audit, Risk Management, and Operations, are facing potential investigations. The bank is currently subject to statutory, concurrent, and forensic audits, signaling a period of significant internal review.

03May 25

IndusInd Bank Faces ₹1,960 Crore Write-Down, Engages Legal Counsel Amid Accounting Discrepancies

IndusInd Bank has engaged Cyril Amarchand Mangaldas to provide legal counsel following a ₹1,960 crore write-down due to accounting discrepancies in its derivatives portfolio. The law firm will review communications related to the accounting gaps and advise on potential legal implications. Despite this challenge, IndusInd Bank's Q3 FY2024 results show resilience, with a 5.73% increase in net profit to ₹1,401.30 crore and a 1.89% rise in total revenue to ₹15,151.00 crore.

02May 25

IndusInd Bank CEO Resigns Amid ₹1,959.00 Crore Accounting Irregularity

IndusInd Bank's CEO, Sumant Kathpalia, has resigned following the discovery of a ₹1,959.00 crore loss due to accounting irregularities in internal derivative trades. The RBI has approved an interim leadership team. The bank's stock has dropped 25% in response. Forensic audits by EY and PwC are underway, and concerns about the bank's microfinance portfolio have emerged. This situation highlights the importance of robust internal controls in the banking sector.

01May 25

IndusInd Bank CEO Resigns Amid ₹1,960 Crore Forex Derivatives Accounting Discrepancies

IndusInd Bank faces a leadership crisis as CEO Sumant Kathpalia resigns following the disclosure of a ₹1,960 crore loss in the bank's forex derivatives portfolio. The bank is experiencing a leadership exodus, with recent departures of the Deputy CEO and CFO as well. This has led to market uncertainty, with traders creating bearish derivative bets and a 7% open interest build-up. Analysts warn of potential business disruptions and deposit outflows. The accounting discrepancy has raised concerns about asset quality and risk management practices. Despite recent strong growth, with revenue increasing by 23.81% YoY to ₹55,144.00 crore in March 2024, the bank now faces regulatory scrutiny and governance issues.

30Apr 25

IndusInd Bank CEO Resigns, Interim Leadership Committee Formed

IndusInd Bank's MD and CEO, Sumant Kathpalia, has resigned citing moral responsibility for issues related to a derivatives discussion. The bank has formed a Committee of Executives, comprising Soumitra Sen and Anil Rao, to oversee operations for up to three months. An Oversight Committee of the Board has also been established. The interim leadership structure, approved by the RBI, aims to ensure stability and continuity in bank operations until a new CEO is appointed.

30Apr 25

IndusInd Bank CEO Resigns, Interim Committee Formed Amid Profitability Challenges

IndusInd Bank has established an interim leadership structure following the unexpected resignation of CEO Sumant Kathpalia on April 29, 2025. The RBI approved a 'Committee of Executives' to manage operations for up to three months, overseen by a Board Oversight Committee. The bank has engaged Egon Zehnder to expedite the search for a new CEO and deputy CEO, with potential candidates from major financial institutions being considered. The bank faces near-term profitability challenges due to accounting discrepancies totaling 2,600 crore rupees.

29Apr 25

IndusInd Bank Seeks RBI Approval for Interim Executive Committee Amid Leadership Changes

IndusInd Bank is seeking RBI approval for an interim executive committee following the resignations of CEO Sumant Kathpalia and Deputy CEO Arun Khurana, effective April 2025. Both resignations are linked to issues in the bank's derivatives operations, with Kathpalia citing 'moral responsibility' and Khurana mentioning 'incorrect accounting for internal derivative trades'. The bank's Board is working to ensure management continuity during this transition.

29Apr 25

IndusInd Bank CEO Sumant Kathpalia Resigns Amid Derivatives Controversy

Sumant Kathpalia, MD and CEO of IndusInd Bank, has resigned effective April 29, 2025, citing moral responsibility for issues related to ongoing derivatives discussions. Arun Khurana, Deputy CEO, also resigned immediately on April 28, 2025, mentioning incorrect accounting for internal derivative trades. The bank's Board is seeking RBI approval for an interim 'Committee of Executives' to manage CEO duties until a permanent replacement is found. These resignations raise questions about the bank's internal controls and risk management practices, particularly in treasury operations.

29Apr 25

IndusInd Bank Faces Potential Q4 Loss Amid Derivative Accounting Issue and Key Executive Resignation

IndusInd Bank may report a net loss of ₹300-600 crore in Q4 FY2024 due to a one-time charge of ₹1,959 crore from derivative losses. The bank's Deputy CEO, Arun Khurana, has resigned following the accounting discrepancy. Analysts anticipate subdued operational performance and potential pressure on asset quality and credit costs.

29Apr 25

IndusInd Bank's Deputy CEO Arun Khurana Resigns Amid Accounting Concerns

Arun Khurana, Deputy CEO and Whole-time Director of IndusInd Bank, has resigned with immediate effect on April 28, 2025. His resignation comes in response to recent accounting issues, including an adverse impact on the bank's profit and loss statement and incorrect accounting for internal derivative trades. As the overseer of the Treasury Front office function, Khurana took responsibility for these issues. The bank's board met to address this development, but no succession plans or interim arrangements have been announced yet.

29Apr 25

IndusInd Bank CEO Sumant Kathpalia Resigns Amid Derivatives Controversy

Sumant Kathpalia, Managing Director and CEO of IndusInd Bank, has resigned with immediate effect, citing moral responsibility related to an ongoing derivatives controversy. The resignation comes amidst concerns about the bank's risk management practices and internal controls, particularly in treasury operations. While specific details of the controversy are not fully disclosed, the sudden leadership change is expected to have significant implications for the bank, potentially affecting investor confidence and leading to increased regulatory scrutiny.

28Apr 25

IndusInd Bank Deputy CEO Arun Khurana Resigns Amid Accounting Concerns

Arun Khurana, Deputy CEO and Whole-time Director of IndusInd Bank, has resigned effective immediately on April 28, 2025. His resignation follows 'recent unfortunate developments' related to incorrect accounting for internal derivative trades, which had an adverse impact on the bank's P&L. Khurana, who oversaw the Treasury Front office function, took responsibility for this issue. His departure includes vacating roles as Executive Director, Deputy CEO, and Key Managerial Personnel. The bank has not yet announced plans for his replacement.

28Apr 25

IndusInd Bank Deputy CEO Arun Khurana Resigns Amid Accounting Discrepancies

Arun Khurana, Deputy CEO and Whole-time Director of IndusInd Bank, has resigned with immediate effect due to accounting discrepancies in the bank's derivatives business. The resignation follows the discovery of incorrect accounting for internal derivative trades, which resulted in an adverse impact on the bank's Profit and Loss statement. Khurana, who oversaw the Treasury Front office function, offered to assist in transitioning his responsibilities.

28Apr 25

IndusInd Bank to Absorb ₹1,960 Crore Loss in Q4 Due to Accounting Discrepancies

IndusInd Bank will fully absorb a loss of ₹1,959.98 crore in its March quarter earnings due to incorrect accounting of internal derivative trades. The issue was identified by an independent firm, leading to the recording of notional profits. The bank has discontinued internal derivative trades, plans to fix accountability, realign senior management roles, and strengthen internal controls. This loss is expected to significantly impact the bank's profitability for the March 2025 quarter and potentially the entire fiscal year.

27Apr 25

IndusInd Bank to Realign Top Management Following ₹1,959.98 Crore Accounting Discrepancy

IndusInd Bank is set to restructure its senior management after an independent investigation revealed accounting discrepancies totaling ₹1,959.98 crores as of March 31, 2025. The issues stem from incorrect accounting of internal derivative trades, leading to notional profits being recorded. The bank's board plans to realign top management roles, establish accountability, and strengthen internal controls. Additionally, concerns in the microfinance portfolio are being addressed through an internal audit. The bank has already discontinued internal derivative trades from April 1, 2024, and is committed to transparent disclosure of findings.

25Apr 25

IndusInd Bank Clarifies: EY Not Conducting Forensic Audit on Microfinance Portfolio

IndusInd Bank has issued a clarification stating that Ernst & Young (EY) is not conducting a forensic audit of its microfinance portfolio, contrary to recent reports. The bank explained that EY is assisting its Internal Audit Department in a routine review of microfinance business records as part of the regular account finalization process. This statement contradicts earlier reports of a forensic probe into an alleged Rs 600.00 crore discrepancy in the bank's microfinance portfolio.

24Apr 25

IndusInd Bank Halts New MFI Client Onboarding: Strategic Shift in Microfinance Operations

IndusInd Bank has reportedly stopped onboarding new microfinance institution (MFI) clients, signaling a potential shift in its microfinance strategy. While the bank has not officially commented on the reasons, this move could be part of risk management efforts, a response to regulatory changes, or a portfolio reassessment. The decision may have broader implications for India's microfinance sector, potentially influencing other banks' strategies in this space.

24Apr 25

IndusInd Bank Faces Challenges: Moody's Review and Microfinance Business Halt

IndusInd Bank is under Moody's review for risk management and leadership transition, with a decision expected within two months. The bank has paused new microfinance customer onboarding since January due to an ongoing investigation by Ernst & Young. An external report estimates a potential negative impact of Rs 1,979.00 crore from forex derivatives transactions. Despite challenges, Q3 FY2024 saw a 5.33% YoY increase in net profit to Rs 1,402.30 crore, though EBITDA and EPS declined significantly. The bank's balance sheet shows growth with total assets at Rs 514,935.00 crore, up 12.48% YoY.

23Apr 25

IndusInd Bank Clarifies: No Forensic Audit by EY, Internal Review of MFI Business Underway

IndusInd Bank has issued a clarification regarding recent news reports, stating that Ernst & Young (EY) has not been hired for a forensic audit. The bank's Internal Audit Department is conducting an internal review of its microfinance business, with EY assisting in reviewing certain records. This review is currently in progress and aims to address specific concerns brought to the bank's attention. IndusInd Bank emphasized its commitment to regulatory compliance and transparency.

22Apr 25

IndusInd Bank Clarifies: No Forensic Audit, Internal Review of MFI Business Underway

IndusInd Bank has issued a clarification regarding its microfinance (MFI) business review. The bank's Internal Audit Department is conducting an internal review, with EY assisting in a limited capacity. Contrary to earlier reports, EY has not been engaged for a forensic audit. The review is part of the account finalization process and aims to examine certain concerns. The bank affirms its commitment to transparency and regulatory compliance.

22Apr 25

IndusInd Bank Orders Second Forensic Audit Amidst ₹600 Crore Discrepancy

IndusInd Bank has appointed Ernst & Young (EY) to conduct a forensic audit into a ₹600 crore discrepancy in interest income accrual within its microfinance segment. This is the second ongoing forensic audit at the bank, with Grant Thornton Bharat already investigating irregularities in the forex derivatives portfolio. The discrepancy was discovered during the statutory audit for the last financial year, prompting auditors to request a thorough investigation. The bank's proactive approach in addressing these issues aligns with increasing regulatory scrutiny and demands for transparency in the Indian banking sector.

18Apr 25

IndusInd Bank Appoints Santosh Kumar as Deputy CFO, Reshuffles Leadership

IndusInd Bank has appointed Santosh Kumar as Deputy Chief Financial Officer and Special Officer – Finance & Accounts, effective April 18, 2025. Kumar, currently serving as Chief Accountant, will head the finance and accounts functions until a full-time CFO is appointed. He brings over 20 years of experience in finance and accounting, including roles at ICICI Bank and PwC. This appointment follows the relief of Mr. Arun Khurana from his interim CFO responsibilities on April 17, 2025.

17Apr 25

IndusInd Bank Shares Surge 7% as Auditors Confirm Derivatives Loss

IndusInd Bank shares rose over 7% after external auditors confirmed derivatives losses of ₹1,979.00 crore, matching the bank's initial estimates. The stock has recovered significantly since the March disclosure, now down only 12.50% from the announcement date. This development has boosted investor confidence in the bank's transparency and financial reporting.

16Apr 25

IndusInd Bank Confirms ₹1,979 Crore Derivatives Loss, Faces Senior Executive Departures

IndusInd Bank has officially disclosed a derivatives loss of ₹1,979.00 crore as of June 30, 2024, following an external review. The post-tax impact is 2.27% of the bank's net worth as of December 2024. Three senior executives have reportedly left the bank in the wake of this revelation. The bank plans to reflect the impact in its FY 2024-25 financial statements and is taking steps to improve internal controls related to derivative accounting operations.

16Apr 25

IndusInd Bank: Senior Executives May Exit Following ₹1,979 Crore Derivatives Loss

IndusInd Bank has disclosed a ₹1,979 crore loss due to derivatives portfolio discrepancies, confirmed by PwC's external review. The bank's CEO Sumant Kathpalia and Deputy CEO Arun Khurana may step down, with the RBI requesting CEO succession planning. Shareholding patterns have changed, with promoter stake decreasing to 15.83% and retail investors increasing to 9.17%. The bank plans to reflect the impact in its FY 2024-25 financial statements and is strengthening internal controls. A separate forensic investigation by Grant Thornton Bharat is ongoing as directed by the RBI.

08Apr 25

Morgan Stanley Cuts IndusInd Bank's Target Price on Weaker Earnings Outlook

Morgan Stanley has reduced IndusInd Bank's target price from Rs 1,105.00 to Rs 755.00, a 32% cut, due to weaker projected earnings. The bank's Q4 FY25 update showed slowed loan and deposit growth, with a 6% quarter-on-quarter decline in CASA deposits. Earnings per share estimates for FY25, FY26, and FY27 have been revised downward by 27%, 17%, and 17% respectively. The firm also cited uncertainties in leadership and strategy, leading to increased cost of equity assumptions.

07Apr 25

IndusInd Bank Q4 Update: Mixed Performance and UBS Price Target Cut

IndusInd Bank's Q4 FY25 update shows 1.40% YoY growth in net advances to ₹3.47 lakh crore, but a 5.20% QoQ decrease. Total deposits grew 6.80% YoY to ₹4.11 lakh crore. CASA ratio declined to 32.80%. UBS maintained a 'Sell' rating, cutting the price target by 22% to ₹600, citing concerns over deposit flows, CEO appointment, and pending auditor report. UBS also lowered loan growth estimates to 10% and reduced NIM estimates for FY26 and FY27.

05Apr 25

IndusInd Bank Faces Deposit and Advance Challenges in Q1 2025

IndusInd Bank's Q1 2025 results show marginal deposit growth of 0.4% to Rs 4.11 lakh crore, with a 2% decline in term and low-cost deposits. The bank's CASA ratio dropped to 32.8% from 37.9% a year ago. Advances contracted by 5.2% to Rs 3.47 lakh crore, led by a 15.1% decrease in corporate banking. Consumer business grew by 3.4% quarter-on-quarter. The bank maintains a strong liquidity position with a daily average LCR of 118.4%. An independent audit of the bank's derivatives portfolio is ongoing due to forex derivative accounting issues.

04Apr 25

IndusInd Bank Reports Mixed Q4 Results: Flat Deposit Growth and Declining Loan Book

IndusInd Bank's Q4 FY25 results show flat deposit growth and declining loan book. Net advances grew 1.40% YoY but fell 5.20% QoQ to ₹3,47,933.00 cr. Deposits increased 6.80% YoY to ₹4,11,140.00 cr. CASA ratio declined to 32.80%. Corporate banking segment saw significant contraction. Consumer businesses showed resilience with 6.30% YoY growth. The bank maintained strong liquidity with LCR at 136.20%. Recent $175 million accounting lapse in derivatives portfolio has raised governance concerns.

04Apr 25

IndusInd Bank Q4 Business Update: Mixed Results with Declining Advances and CASA Ratio

IndusInd Bank's Q4 business update shows a 1.40% YoY growth in net advances to ₹3.47 lakh crore, but a 5.20% QoQ decline. Deposits grew by 6.80% YoY to ₹4.11 lakh crore. The CASA ratio decreased to 32.80% from 37.90% YoY, indicating a shift in deposit mix.

03Apr 25

IndusInd Bank Refutes PwC Report Claims, Appoints Grant Thornton for Forensic Audit

IndusInd Bank denies receiving a PwC report on accounting discrepancies in its derivatives portfolio. The bank's board has appointed Grant Thornton for a forensic audit to address allegations. Moody's has placed the bank's Ba1 Baseline Credit Assessment under review for possible downgrade. These events highlight the importance of financial reporting and governance in the banking sector.

02Apr 25

IndusInd Bank Under Scrutiny: PwC Submits Report on Accounting Discrepancies

PwC has submitted its report on accounting discrepancies in IndusInd Bank's derivatives portfolio to the bank's board. The board is reviewing the report and awaiting an additional review from Grant Thornton before taking further action. The Reserve Bank of India is monitoring the situation closely. This development raises questions about the bank's risk management and financial reporting processes, with potential implications for its market standing.

02Apr 25

IndusInd Bank Shares Witness Massive Block Trade on NSE

A significant block trade of 1,804,411 IndusInd Bank shares occurred on the NSE at Rs. 685.00 per share, totaling Rs. 123.60 crores. This large transaction may impact the stock's price, trading volume, and potentially signal shifts in institutional interest or ownership patterns.

27Mar 25

IndusInd Bank Faces Multiple Challenges: Sebi Probe, Derivative Loss, and Portfolio Removal

IndusInd Bank faces multiple challenges: Sebi initiates insider trading investigation following a ₹1500 crore derivative loss disclosure. PwC's initial findings lead to a forensic audit of the bank's accounting practices. Emkay Global removes IndusInd Bank from its model portfolio due to leadership uncertainty and derivatives-accounting issues. The bank's CEO receives only a one-year extension from RBI, shorter than requested. These developments raise concerns about the bank's corporate governance and financial stability.

26Mar 25

IndusInd Bank Initiates Search for New CEO, Share Price Rises

IndusInd Bank is appointing a search firm to find a new CEO, a move that has been positively received by the market. The bank's share price increased by 3.56% following this announcement. This decision is seen as a strategic step to refresh top management and position the bank for future growth. The process will likely adhere to RBI guidelines for leadership appointments in banks.