Accelerated provisions for microfinance activities put IndusInd Bank’s results in the red

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 […]

Indusind Bank The shares in Focus after legacy issue -resolutions, new leadership appointment

Shares of Indusind Bank will probably be focused on Thursday, August 21, because the private lender announced important steps to solve Legacy problems in its treasury and microfinance companies, reported a change in financial performance and revealed a change in leadership at the top. The chairman of the Bank, Sunil Mehta, said that Indusind has […]