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IndusInd Bank Ltd. reported a sharp fall in standalone net profit in the third quarter of the current fiscal, missing street expectations. Profit plunged to Rs 161 crore in the October-December quarter, compared to Rs 1,401 crore in the year-ago period, according to a stock exchange filing on Friday. Analysts’ consensus estimates compiled by Bloomberg…
Read More “Profit Declines Sharply Amid Rising Provisions” »
IndusInd Bank has been under pressure since disclosing a $230 million hit in the year ended March 31, 2025 due to misaccounting in internal derivative trades. File. | Photo Credit: Reuters IndusInd Bank on Monday (January 5, 2026) reported a sequential decline in loans for a fourth straight quarter, reflecting continued pressure on the private…
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File image of Rajiv Anand. Photo: Special Arrangement IndusInd Bank on Monday (August 4, 2025) announced the appointment of Rajiv Anand, former Deputy Managing Director of Axis Bank, as its new MD and CEO. The board, basis approval of the Reserve Bank of India (RBI), have at its meeting held on August 4 approved the…
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Bombay Stock Exchange (BSE). File | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty settled lower for the sixth straight session on Monday (October 7, 2024) due to heavy selling in bellwether stocks including HDFC Bank and Reliance Industries amid mixed trends in the global markets and outflow of foreign funds. Falling for the…
According to exchange data, equities worth ₹9,791.93 crore were sold by FIIs on Monday, September 30, 2024, while Domestic Institutional Investors DIIs purchased equities valued at ₹6,645.80 crore. File | Photo Credit: Reuters Benchmark indices Sensex and Nifty edged lower on Tuesday (October 1, 2024), extending the losing run to the third day amid profit-taking…
Read More “Stock markets settle flat in highly volatile trade; oil & gas, FMCG shares major drag” »
