Tag: indusind bank

An IndusInd Bank branch in Connaught Place in New Delhi. (Bloomberg)
Posted in Business

IndusInd Bank appoints ex-SBI MD Arijit Basu as chairman after Sunil Mehta steps down| Business News

IndusInd Bank Ltd. has appointed former State Bank of India MD Arijit Basu as chairman to replace Sunil Mehta whose term ends in January. An…

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Posted in Economy

Sebi gives its go-ahead to road ministry’s proposed public InvIT

The Securities and Exchange Board of India (SEBI) has given its go ahead to the National Highways Authority of India (NHAI) sponsored Raajmarg Infra Investment…

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The RBI approval has been granted with reference to the application made by HDFC Bank (Representative image/REUTERS)
Posted in Business

HDFC Bank gets RBI nod for raising stake in IndusInd Bank up to 9.5 pc| Business News

HDFC Bank has got the Reserve Bank’s nod to hike its stakes in another private sector lender, IndusInd Bank, up to 9.5 per cent. The…

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IndusInd reported its largest-ever quarterly loss in the three months ended March 31. (Mint)
Posted in Business

HDFC Bank gets RBI approval to acquire up to 9.5% stake in IndusInd Bank| Business News

The Reserve Bank of India has allowed HDFC Bank Ltd. to acquire up to 9.50% stake in IndusInd Bank Ltd., in the aftermath of a…

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Posted in Economy

NHAI launches Raajmarg Infra Investment Managers for highway monetization

State-owned NHAI on Thursday said it is in the process of establishing Raajmarg Infra Investment Trust (RIIT) as a Public InvIT to unlock the monetization…

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The impact of the IndusInd scandal has dragged on its profitability, leaving the lender’s return metrics well below peers. (Bloomberg)
Posted in Business

IndusInd Bank’s new CEO plans sweeping overhaul after scandal involving old CEO| Business News

IndusInd Bank Ltd. is preparing a sweeping overhaul to boost profitability and cleaning up underperformance, as its new chief executive officer seeks to boost return…

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The IndusInd Bank fraud relates to incorrect accounting on derivative trades that prompted a Rs-2,000 crore hit to its accounts. (Bloomberg)
Posted in Business

IndusInd Bank wants to claw back salaries of Sumant Kathpalia, Arun Khurana amid fraud probe| Business News

IndusInd Bank Ltd. has begun a process to claw back salary and bonuses from its former chief executive and his deputy, after an internal review…

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It's moral responsibility of banks to follow SEBI insider trading norms: Tuhin Kanta Pandey
Posted in Business

It’s moral responsibility of banks to follow SEBI insider trading norms: Tuhin Kanta Pandey

It’s the “moral responsibility” of bank managements to follow SEBI’s insider trading regulations, Chairman Tuhin Kanta Pandey said on Wednesday. Sebi Chairman Tuhin Kanta Pandey.(Reuters)…

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