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

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

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!

Sports

Cricket meets tennis! Bumrah watches Wimbledon with wife Sanjana ahead of Lord’s Test

Ahead of the crucial Lord's Test, Indian cricket stars, including India's premier pacer and his...

By 0 1

Entertainment

'We defend Raavana for the first time': Raj on Yash's Ramayana

Nitesh Tiwari’s ambitious project Ramayana has been making waves in the entertainment...

By 0 11

International

7 Emirates, 7 Thrones: A look inside UAE’s Ruling Families

The United Arab Emirates comprises seven emirates, each ruled by its own royal family. These...

By 0 11

International

New visa rules in Saudi Arabia: Here's everything expats need to know

Saudi Arabia's new skill-based visa system, effective July 2025, categorizes expats into...

By 0 11

International

Who are Yemen’s Houthis, the group behind the recent Red Sea cargo ship attack?

Yemen’s Houthi rebels struck the cargo ship Magic Seas in the Red Sea, marking their first...

By 0 13