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IndusInd Bank has moved closer to finalizing its next Chief Executive Officer after a turbulent period. The private sector lender has submitted a shortlist of three names to the Reserve Bank of India (RBI), with Rajiv Anand, currently Deputy Managing Director at Axis Bank, as the top candidate. The selection comes in the wake of…
Posted on May 16, 2025, by Niftynews The IndusInd Bank share price nosedived nearly 6% on Friday following the lender’s admission of fresh accounting discrepancies totaling over ₹1,960 crore. The revelations, uncovered through internal audits and whistleblower reports, have shaken investor sentiment and prompted multiple brokerage downgrades. The stock hit a low of ₹735.95 on the…
IndusInd Bank’s Rollercoaster Ride IndusInd Bank is stealing the show on Dalal Street. On Wednesday, April 16, 2025, its shares zoomed 5.52% to ₹776.50 by 11:48 AM IST on the NSE, hot on the heels of a 6.67% spike to ₹735.90 Tuesday—the top NIFTY50 gainer. That’s a 13% leap in two sessions, shrugging off a…
Posted on April 16, 2025, by Niftynews IndusInd Bank is facing a critical situation, with senior-level executives potentially exiting the bank due to a massive ₹1,979 crore loss related to its derivatives portfolio. This loss, which has drawn significant attention, is expected to lead to the departure of at least three top executives, including CEO Sumant…
Posted on March 17, 2025, by Niftynews IndusInd Bank shares surged by 3.41% on March 17, 2025, rising to ₹695.05 after the Reserve Bank of India (RBI) issued a reassuring statement about the bank’s financial health. This positive movement came as the RBI addressed recent market concerns, confirming that IndusInd Bank remains financially stable. The RBI’s…
IndusInd Bank Shares Surge 6% After 27% Slump Over Accounting Discrepancy IndusInd Bank Share Price Rebounds After Massive Sell-Off IndusInd Bank shares saw a sharp recovery on Wednesday, March 12, surging as much as 5.9% to ₹694.70 apiece on the National Stock Exchange (NSE). This bounce-back came just a day after the stock had tumbled…
IndusInd Bank Shares Plunge Over 5%, Hit 52-Week Low – Here’s Why Shares of IndusInd Bank, one of India’s leading private sector banks, suffered a sharp decline of 5.38% on March 7, 2025, hitting a 52-week low of ₹886.40 on the BSE. The stock drop followed the Reserve Bank of India’s (RBI) decision to grant only a one-year extension to Sumant Kathpalia as…