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 ā¹735.95 on the BSE. The stock opened at its day’s low…
IndusInd Bank Shake-up: IndusInd Bank’s board of directors announced on Sunday, April 27, that the company is taking the necessary steps to realign top management roles and responsibilities, according to the exchange filing.Ā āThe Report also examined the roles and actions of key employees in this context. The Board is taking necessary steps to fix…
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 ā¹672.10 on the BSE on Thursday, March 13. The banking stock suffered a deep loss…
The biggest single-day fall in the price of IndusInd Bank shares on Tuesday, 11 March, wiping out more than a quarter of its market value, raises a number of questions. The sharp sell-off followed the lenderās disclosure of accounting discrepancies related to its derivative trades, triggering a spate of analyst downgrades.Ā The fact that the…
It takes years to build trust, but just seconds to break it. No one knows this better than IndusInd Bank Ltdās investors as they see the bankās 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 pertaining to transactions…
