Latest Updates Around The World
IndusInd Bank aims to rejuvenate business growth not only in the current year but also in the near future and aims to grow in line with the banking sector in FY27 and gain market share in FY28, MD & CEO Rajiv Anand told. business line in an interaction. The bank’s loan deposits declined year-on-year in […]
Rajiv Anand, CEO of IndusInd Bank The Reserve Bank of India’s (RBI) proposed guidelines on how banks should advertise, market or sell financial products may have an impact on lenders in the short term but will prove to be positive for the banking sector in the long run, said Rajiv Anand, CEO of IndusInd Bank. […]
Markets traded dull for the second straight session on Wednesday, ending marginally lower, indicating continued consolidation after the recent surge. Analysts maintain a positive bias amid the ongoing consolidation in the index and continue to recommend a buy-on-dips approach as long as the Nifty maintains its prevailing uptrend.“For renewed momentum, stronger participation from the banking […]
His departure is not related to the derivatives issue that the bank reported earlier this year, a source said Photo credit: Private lender IndusInd Bank’s chairman Sunil Mehta is likely to leave the bank next month after completing his three-year term, sources said. “After he had completed his term of office of three years, [Mehta] […]
Analysts expect the uptrend in Nifty to continue as long as key support zones are respected, even as the index moves through a consolidation phase that is nearing record highs. A break above the upper range could extend the rally towards 26,500-26,800, while dips are still seen as buying opportunities and not weakness. Among the […]
* IndusInd Bank has initiated a process to recover salaries and bonuses from its former CEO and deputy head after an internal review revealed misconduct and misreporting, sources with direct knowledge of the matter said. To combat misconduct, Indian banking rules have allowed clawback provisions in employee contracts since 2019, but such attempts have been […]
IndusInd Bank MD and CEO Rajiv Anand | Photo credit: Private sector lender IndusInd Bank is on a CXO hiring spree as its new MD and CEO Rajiv Anand looks to build a new, clean leadership team following the departure of former MD and CEO Sumant Kathpalia and former deputy CEO Arun Khuranna, following the […]
Rajiv Anand said he and the senior team are assessing every single business and support function to leverage opportunities for the Bank to improve its functioning and grow its business | Photo credit: REUTERS Accelerated provisioning for microfinance activities, sharp reduction in microfinance portfolio and lack of gains on government bonds impacted IndusInd Bank’s second […]
The report states that police are now focusing on unsubstantiated entries of around ₹255 crore, which were allegedly ‘not mentioned’ in the complaint filed by the bank | Photo credit: REUTERS Private sector lender IndusInd Bank said on Friday it is not part of any new fraud probe. This was in response to a news […]
Indian equities continue to trade positively, and the uptrend looks sustainable as long as the Nifty remains above key support levels, said Rahul Sharma, Director and Head – Technical & Derivatives Research, JM Financial Services. Speaking to ET Now, Sharma noted that despite the recent volatility, the market continues to be supported by the strength […]
