Nomura upgrades IndusInd Bank to 'Buy' citing governance reset, RBI comfort and expected leadership change; sees 1.1x FY27 book value, targets ₹1,050
ICAI's FRRB reviewing financials of IndusInd Bank and Gensol Engineering; summit series planned; early warning signs of fraud under review with Sebi and NSE
Global brokerage firm Nomura upgraded its rating on the IndusInd Bank to "buy" and raised the target price to ₹1,050 per share
RBI says it is satisfied with IndusInd Bank's accounting clean-up post derivatives irregularities but stresses it will act if necessary and has sharpened supervision tools
The market regulator had barred five officials from IndusInd Bank in the alleged insider trading matter
The NFRA had received a complaint about accounting lapses in the IndusInd Bank through the Centralised Public Grievance Redress and Monitoring System
Indusind Bank chairman Sunil Mehta commits to addressing board accountability after Sebi's order highlighted accounting discrepancies and senior management awareness
IndusInd Bank's board is rushing to submit CEO candidates to the Reserve Bank of India before the June 30 deadline following top executives' resignations over accounting lapses
Anil Rao's stay on 'committee of executives' to run daily ops on radar
IndusInd Bank on March 10 had disclosed certain discrepancies identified by the lender in its account balances relating to its derivatives portfolio
Market regulator says five senior officials of the lender sold shares while holding unpublished price-sensitive information
Sebi may issue further orders after interim findings show IndusInd Bank's top brass knew of a ₹2,000-crore derivatives loss months before making a stock exchange disclosure
McLeod Russel submits initial proposal to NARCL as part of a composite debt resolution effort amid continued financial distress and narrowed losses in FY25
IndusInd Bank's stock rose as much as 0.7 per cent during the day after SEBI barred its former CEO, Sumant Kathpalia and four other officials from trading in the stock market
Sebi has restrained five IndusInd Bank executives and impounded Rs 19.78 crore for allegedly using price-sensitive information to sell shares before a market drop
Sebi bars former IndusInd Bank CEO and four top executives for insider trading after they allegedly sold shares while aware of ₹1,572 crore accounting discrepancies
The authority, however, is in talks with the Reserve Bank of India (RBI) to cross-check the investigations, including a forensic audit, that the central bank has conducted so far to avoid duplication
The regulator is looking into possible violations of listing obligation and disclosure requirements regulations
Sebi is examining IndusInd Bank for possible regulatory breaches amid allegations of insider trading and fraud in derivative accounting
Shares of the lender closed 1.82 per cent higher on the BSE on Tuesday, despite trading in the red in the early session