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IndusInd Bank CEO Sumant Kathpalia resigns amid derivatives accounting lapse

The RBI urged IndusInd Bank CEO Sumant Kathpalia and his deputy Arun Khurana to step down following accounting lapses that have hit the bank's net worth.

Sumant Kathpalia is the second top executive to resign in two days after his deputy Arun Khurana exited on Monday.(Reuters)
Published on Apr 29, 2025 10:41 PM IST
Reuters |

IndusInd Bank's deputy CEO resigns amid accounting blunder, share rout

Arun Khurana headed the global markets division of the bank, which included the derivatives portfolio.

IndusInd Bank Ltd said it found discrepancies in its derivatives portfolio and warned of a one-time hit to earnings.(Bloomberg)
Updated on Apr 28, 2025 10:01 PM IST
Reuters |

IndusInd bank employee in Gurugram held over 35 lakh fraud

Ayushman revealed that he had opened a bank account in a fake firm's name and transferred more than a lakh of the stolen money in it.

The IndusInd bank employee had stored the stolen money in different accounts.(representative image/Bloomberg)
Updated on Apr 12, 2025 09:44 PM IST
PTI |

Sensex, Nifty 50 today: Stock market opens flat after yesterday's rally

Sensex, Nifty 50 today: The stock market opened in the green for the third consecutive time this week as the trading session began on Wednesday, March 19.

Sensex, Nifty 50 today: A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, February 1, 2023(Niharika Kulkarni/Reuters)
Published on Mar 19, 2025 09:29 AM IST

Stock market opening: Media, real estate, and financial services rise

The stock market opened in the green for the second consecutive time this week as the trading session began on Tuesday, March 18.

People walk past the Bombay Stock Exchange (BSE) building in Mumbai (Francis Mascarenhas/Reuters)
Published on Mar 18, 2025 09:38 AM IST

IndusInd Bank stock jumps nearly 6% after RBI assures bank's stability

The RBI in the clarificatory statement said there was no need for depositors to react to the speculative reports at this juncture.

IndusInd Bank disclosed to exchanges on March 10 that it had uncovered accounting errors worth 2,35% of the bank's net worth as of December 2024, which equated to about <span class='webrupee'>₹</span>2,100 crore.(Bloomberg)
Published on Mar 17, 2025 11:52 AM IST
PTI |

RBI issues statement on 2,100 crore accounting error at IndusInd Bank

RBI statement on IndusInd Bank: According to reports, Institute of Chartered Accountants of India is expected to review IndusInd Bank's financial statements.

IndusInd Bank disclosed to exchanges on March 10 that it had uncovered accounting errors worth 2,35% of the bank's net worth as of December 2024, which equated to about <span class='webrupee'>₹</span>2,100 crore.(Bloomberg)
Updated on Mar 16, 2025 08:36 AM IST
ByAshley Paul

Stock market opens green: Sensex up 200 points, Nifty up 50

The stock market opened in the green as the trading session began on Wednesday, March 12.

People watch the display screen outside Bombay Stock Market, BSE in Mumbai, India, Tuesday, Feb. 11, 2025.(Rajanish Kakade/AP)
Published on Mar 12, 2025 09:24 AM IST

IndusInd Bank share price down 20% after internal review finds discrepancies

IndusInd Bank share price: As a result, it has estimated an adverse impact of approximately 2.35% of the bank’s net worth as of December 2024.

IndusInd bank share price: At 10 am IST, the bank's shares were down 19.05% or by <span class='webrupee'>₹</span>171.55, trading at <span class='webrupee'>₹</span>729.05 on the Bombay Stock Exchange (BSE).(Representational Image/Unsplash)
Updated on Mar 11, 2025 10:28 AM IST

Sensex opens 400 points lower, Nifty down 130 points amid global sell-off

The stock market fell into the red as the trading session began on Tuesday, March 11.

People walk past the Bombay Stock Exchange (BSE) building in Mumbai (Francis Mascarenhas/Reuters)
Updated on Mar 11, 2025 10:09 AM IST

IndusInd Bank share hit one-year low, RBI grants CEO only single-year extension

This is the second consecutive time that the RBI approved a shorter tenure for Kathpalia than what the board proposed.

Iinvestor sentiment has been tempered due to concerns over asset quality, particularly in the microfinance segment, and management stability.(Pixabay)
Published on Mar 10, 2025 04:17 PM IST

Stock market crash | Sensex down nearly 1,000 points, Nifty down over 280

Stock market crash: The stock market plunged into the red with mid and small cap IT and telecom stocks, along with metal and auto stocks falling the most.

Stock market crash: At 9:20 am IST, the benchmark BSE Sensex plummeted by 746.12 points or 1%, reaching 73,866.31. The broader NSE Nifty opened 221.15 points up or 0.98% in the red, reaching 22,323.90.(Representational Image/Pixabay)
Updated on Feb 28, 2025 09:47 AM IST

Sensex, Nifty 50 today: Stock market opens flat after yesterday's rally

Sensex, Nifty 50 today: The stock market opened flat as trading began on Wednesday.

Sensex, Nifty 50 today: People look at the digital screen on the facade of BSE building in Mumbai.(PTI)
Published on Feb 05, 2025 09:41 AM IST

Chandigarh: ITBP officer loses 1.19 lakh to cyber fraud

Abhimanyu Kumar Tiwari, senior deputy JAG at ITBP’s Western Command Headquarters, lodged a complaint after discovering fraudulent activity on his IndusInd Bank credit card

The ITBP official told Chandigarh Police that a credit card was issued to him on April 22, but had never used it. However, on August 11, he noticed that two transactions had been made on July 1, without his knowledge or authorisation. (Getty image)
Updated on Sep 21, 2024 08:30 AM IST
By, Chandigarh

284 crore bank fraud: HC grants bail to Cox & Kings CFO Anil Khandelwal

Bombay HC granted bail to Cox & Kings CFO Anil Khandelwal in a ₹284 crore IndusInd Bank fraud case due to long pre-trial incarceration of 4 years, 8 months.

HT Image
Updated on Aug 16, 2024 05:36 AM IST

Fraudulent transactions at IndusInd bank: 32.89 crore of 40 crore recovered

Maharashtra Cyber recovers ₹32.89 crore out of ₹40 crore fraudulently transferred from IndusInd Bank, with ₹4.24 crore withdrawn by frauds

The frauds managed to withdraw <span class='webrupee'>₹</span>4.24 crore from various ATMs, Representative Image(Photo: LiveMint)
Updated on Jul 27, 2024 08:58 AM IST
ByManish Kumar Pathak

IndusInd Bank Q4 results: Net profit jumps 15% to 2,349 crore

IndusInd Bank Q4 results: Net profit jumps 15% to ₹2,349 crore, ₹16.50 dividend

IndusInd Bank Q4 results: Net profit jumps 15% to <span class='webrupee'>₹</span>2,349 crore, <span class='webrupee'>₹</span>16.50 dividend
Updated on Apr 25, 2024 04:59 PM IST

IndusInd Bank reports 2,298 crore Q3 net profit, a 17.3% surge from last year

IndusInd Bank on Thursday reported a net profit of ₹2,298 crore for the third quarter ending December 31

IndusInd Bank on Thursday reported a net profit of <span class='webrupee'>₹</span>2,298 crore for the third quarter ending December 31(Livemint file)
Updated on Jan 18, 2024 05:22 PM IST

SAT quashes SEBI orders in Karvy Stock Broking case

SAT quashes SEBI orders in Karvy Stock Broking case

HT Image
Updated on Dec 21, 2023 05:58 AM IST
PTI |

Accused in 1,100 cr bank fraud denied plea for foreign travel

A PMLA court in Mumbai rejected the plea of Anil Chokhara, a prime accused in a fake import remittances case, to travel to Dubai for a family vacation. Chokhara is accused of submitting forged documents to fraudulently remit foreign exchange.

HT Image
Updated on Nov 14, 2023 07:42 AM IST
ByRutuja Gaidhani

IndusInd Bank Q2 profit up 22% to 2,202 cr

Gross NPAs of IndusInd Bank decline to 1.93% in Q2

IndusInd Bank(Photo: LiveMint)
Published on Oct 18, 2023 10:57 PM IST
PTI | | Posted by Singh Rahul Sunilkumar

IndusInd Bank's Q4 profit jumps 50% to 20.41 billion

Loan demand for many Indian banks have seen double-digit growth even as the country's central bank persistently raised interest rates.

Provisions dropped 29.5% to 10.30 billion rupees, the company said in an exchange filing.(File image)
Published on Apr 24, 2023 04:33 PM IST
Reuters |
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