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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
A gaping hole in its books in the midst of a leadership crisis has seriously impacted India’s fifth largest private sector lender. Can its MIA promoters step up and restore the confidence of depositors and investors?
IndusInd Bank, India’s fifth largest private lender, just can’t seem to catch a break.
After the admission of a Rs 1,520 crore hit to its net worth, brought on by unhedged exposures to foreign currency deposits that shaved off over Rs 17,000 crore from its market capitalization in just the last four trading days, the bank is facing heat from four sides—the Reserve Bank of India, the Securities and Exchange Board of India, investors and depositors.
While the RBI is concerned over the bank’s lack of accountability and the market regulator by its tardiness, shareholders want to know if the …
Divergent narratives from the Haryana government and the lender raise deeper questions on oversight, authorizations and systemic lapses—answers that may emerge only after a forensic audit.
The Bengaluru-based lender is once again gearing up to seek the RBI’s nod after the central bank returned its application last year.
The Kerala-based bank has been chasing costly and risky bulk term deposits amid tanking profitability.
