IndusInd Bank posts record Rs 2,329 cr Q4 loss amid deep cleanup,...

Dununu.com Dununu

Gesponsert

IndusInd Bank posts record Rs 2,329 cr Q4 loss amid deep cleanup, leadership crisis

RSS Feed Business

Posted

107

IndusInd Bank reported a record net loss of Rs 2,329 crore for the March quarter due to governance failures and misreporting. The bank faced increased NPAs, wrongly accounted derivative trades, and misclassified microfinance assets. Following leadership resignations, a new CEO is being sought to restore ethical standards and rebuild trust.

Read Full Article

Please log in to like, share and comment!

ICICI Prudential AMC IPO: Fund house plans mega Rs 10,000 crore offering; files Draft Red Herring Prospectus

ICICI Prudential AMC has filed for a Rs 10,000 crore IPO with SEBI, offering 10% of its equity....

Von 0 4

From notes to quizzes: 7 ChatGPT prompts that can help students study smarter

Von 0 5

APPSC Lecturer hall ticket 2025 released: Direct link to download admit card here

Von 0 5

Musk’s Starlink clears final hurdle for India launch, gets satellite authorisation from IN-SPACe

Von 0 9

R Madhavan: Chilvary is redefined, I'm used to opening doors

R Madhavan, known for 'Rehna Hai Tere Dil Mein', speaks about modern dating. He notes that...

Von 0 11