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INDUSIND FOREX LOSS
Bank stocks fall up to 4% as RBI's forex rules may deliver Rs 5,000 crore shockIndian bank stocks fell up to 4% as the Reserve Bank of India's aggressive currency defense measures threatened to cause losses of up to Rs...- Bank stocks fall up to 3% as RBI forex clampdown sparks Rs 4,000 crore loss fearsBanking stocks fell up to 3% after RBI imposed stricter forex position limits, raising concerns over potential mark-to-market losses of Rs ...
- Explained: How RBI’s safety net to protect falling rupee could mean Rs 4,000 crore shock for banksThe Reserve Bank of India has stepped in to halt the rupee's fall. This move forces banks to unwind dollar positions, potentially leading t...
- IndusInd Bank shares in focus amid NFRA complaint over audit discrepanciesNFRA has received a complaint highlighting audit lapses tied to the bank’s forex derivatives. The irregularities, flagged internally, may h...
- NFRA gets complaint against audit lapses at IndusInd BankNational Financial Reporting Authority received a complaint against IndusInd Bank. The complaint is about accounting issues in forex deriva...
- Was it a 'fraud'? Auditors ask IndusInd BankIndusInd Bank faces scrutiny as auditors demand clarity on its derivative accounting discrepancy, potentially classifying it as fraud. The ...
- Traders create fresh bearish derivative bets on IndusInd BankIndusInd Bank faces bearish sentiment as its CEO resigned amid forex derivative accounting discrepancies, leading to increased uncertainty....
- IndusInd ropes in EY to conduct another audit, to probe Rs 600 crore discrepancy in microfinance portfolioIndusInd Bank has appointed EY to conduct a forensic audit into a ₹600 crore discrepancy related to interest income in its microfinance por...
- PwC wraps up IndusInd Bank’s accounting review; forensic probe by Grant Thornton underwayPwC has concluded its accounting review of IndusInd Bank's derivatives portfolio, submitting draft findings to management amidst discrepanc...
- Leadership overhang, derivative issues prompt Emkay to exit IndusInd BankEmkay Global removed IndusInd Bank from its model portfolio, citing leadership uncertainty and derivatives accounting concerns. The brokera...
- What's behind the fiasco at IndusInd Bank?The dent in its books was caused by a September 2023 RBI communique spelling out how banks should value derivatives. It said all derivative...
- Absence of concurrent external audit a big gap at IndusInd BankThe lack of an external concurrent audit on IndusInd Bank's MTM derivative losses has exposed a significant vulnerability in internal proce...
- RBI probing banks' derivatives books amid IndusInd fallout, sources sayIndia's central bank is examining derivatives exposures of some private and state-run banks days after IndusInd Bank disclosed lapses in it...
- RBI probing banks' derivatives books amid IndusInd fallout, sources sayIndia's central bank is scrutinizing derivatives exposures of banks following IndusInd Bank's disclosure of accounting lapses. The Reserve ...
- Is IndusInd turmoil a one-off or one of many? RBI wants to knowThe RBI is examining whether unhedged forex liabilities are an issue specific to IndusInd Bank or a broader banking problem. IndusInd Bank ...
- Why IndusInd Bank shares fell 25%: Bank's big discrepancy explained in 5Ws & 1HIndusInd shares plunged 20% after reporting accounting discrepancies in its derivatives portfolio. The drop triggered investor concerns abo...
- LIC's holding value in IndusInd Bank falls by Rs 894 crore as stock falls 26%Life Insurance Corporation’s (LIC) holding in IndusInd Bank lost ₹894 crore in value after the bank’s stock fell 26% amid concerns over for...
- I am a nervous investor in banks, says Devina Mehra after IndusInd Bank crashIndusInd Bank crash: Devina Mehra reiterated her cautious stance on banking stocks after IndusInd Bank shares crashed 27% due to forex deri...
- IndusInd Bank promoters pledge full support, ready to inject capital if needed: Chairman Ashok HindujaIndusInd Bank reassured investors that its Rs 1,500-1,600 crore derivatives loss will be managed effectively. Shares plunged 26% after the ...
- IndusInd Bank shares hit by downgrades, target price cuts. What investors should doIndusInd Bank shares dropped 20%, hitting a 52-week low of Rs 720.50, after multiple brokerages downgraded the stock following an accountin...
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