IndusInd bank well-capitalised; no need for depositors to worry: RBI

The Reserve Bank of India confirmed IndusInd Bank's strong financial parameters and robust health amid reported discrepancies. IndusInd Bank is implementing remedial measures and undergoing an external audit. Despite leadership changes and internal process issues, the bank remains financially stable. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/yuV38...

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ICAI may review fin statements of IndusInd

ICAI may review IndusInd Bank's financial statements after the bank disclosed a Rs 2,100 crore discrepancy in its derivatives portfolio. This issue could impact 2.35% of the bank's net worth by December 2024, as per the bank's internal review. ICAI's Financial Reporting Review Board is expected to assess compliance with accounting and auditing standards. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Mrk0w...

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Is Warren Buffett about to make his next big move?

Warren Buffett's strategic move of reducing Apple and Bank of America holdings and amassing cash has paid off, as market conditions worsen. Berkshire Hathaway's cash reserves doubled to $334 billion in 2024, underscoring Buffett's cautious approach amid high US Treasury yields and market volatility. Time will reveal if this strategy leads to significant gains. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/CEZHl...

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ICAI may review financial statements of IndusInd Bank amid accounting discrepancies

The ICAI may review IndusInd Bank's financial statements due to accounting discrepancies estimated at Rs 2,100 crore. The discrepancies, noted in the derivatives portfolio, could impact 2.35% of the bank's net worth. ICAI's FRRB will assess compliance with various standards and regulations. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/d3Dg1...

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Banks told to gear up for green tech credit risks

RBI governor Sanjay Malhotra urged banks to enhance their risk management frameworks for green technologies at a seminar in New Delhi. He emphasized the need for financial institutions to prepare for climate-related risks and highlighted RBI's efforts, including stress testing and developing new data systems. Malhotra also called for greater collaboration and further initiatives to support sustainable finance. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business...

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Bank Holidays for Holi 2025: Are banks closed on March 13, 14 and 15? Check state-wise holiday list

Banks in various states will observe closures on March 13 and 14, 2025, due to Holi celebrations as per RBI guidelines. Physical branches will be closed, but digital banking services, including UPI payments and ATM operations, will remain available. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/XJzOl...

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Top stocks to buy today: Stock recommendations for March 13, 2025

Top stock market recommendations: Aakash K Hindocha of Nuvama Professional Clients Group recommends buying DLF, SRF, and Adani Ports. Nifty is poised for an upward journey towards 22800+, while Bank Nifty faces bearish pressures. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/cHl5L...

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IndusInd Bank shares inch up after 27% dive

from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/u3YVL...

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IndusInd Bank shares plunge 27%, erase Rs 19,000 crore in market value

IndusInd Bank shares dropped 27% to Rs 656, erasing Rs 19,000 crore in market value due to a Rs 2,100 crore derivatives accounting discrepancy. The bank's net worth decreased by 2.4%. Concerns about governance and risk management led to investor worry, affecting other small private banks like Bandhan Bank and RBL. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ZkdAU...

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Explainer: Why IndusInd Bank lost 16000 crore market-cap in 2 hours, what's next for investors?

IndusInd Bank shares plunged 25%, marking a 52-week low after the bank revealed accounting discrepancies in its derivatives portfolio. This triggered investor panic, leading to a severe drop in stock value. The bank faces potential financial repercussions of up to ₹2,000 crore, raising concerns over weak governance and internal controls, affecting overall banking sector confidence. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/...

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IndusInd Bank shares crash to 52-week low! Brokerages downgrade stock outlook - here’s what investors should know

IndusInd Bank's shares plummeted 20% to a 52-week low of Rs 720.50 due to discovered accounting irregularities in its forex derivatives portfolio. Several brokerages downgraded their ratings, highlighting concerns over corporate governance and future earnings. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/psfiR...

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Net worth may take a hit of around Rs 1,530 crore: IndusInd Bank

IndusInd Bank has identified valuation losses in its forex derivative contracts that could impact its net worth by up to 2.4%, or around Rs 1,530 crore. The bank has assured that the losses pertain to FY24 and earlier, and they are working with an external adviser to review and address these discrepancies. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/MbpaW...

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IndusInd Bank says net worth to take 2.35% hit due to account discrepancies

IndusInd Bank anticipates a 2.35% drop in net worth by December 2024 due to internal account discrepancies. Despite this, the bank remains confident about its profitability and capital adequacy. Meanwhile, shares fell following the RBI's decision to grant CEO Sumant Kathpalia a one-year extension instead of the proposed three years. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3Y9uT...

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Highest FD rates up to 9%: Which small finance banks are offering good fixed deposit interest rates? Check list

Several small finance banks offer competitive fixed deposit rates, with some reaching up to 9%. Deposits are protected by DICGC insurance up to Rs 5 lakh, encouraging cautious investment within this limit. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/QKpbD...

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TCS, SBI lead 2.1 lakh cr surge in top 10 companies' m-cap this week; what lies ahead?

Seven of India's top ten valued companies saw their market value grow by Rs 2,10,254.96 crore due to a positive stock market trend last week. Tata Consultancy Services and State Bank of India were among the biggest gainers. Some companies like HDFC Bank experienced declines. Key global factors and economic data will influence market direction in the coming weeks. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/umY1v...

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Banks must continue to innovate & transform: FM Sitharaman

from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/QLweb...

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