Pankaj Sharma is seen as taking over from Anil Rao, the current head of operations at IndusInd Bank. Anil Rao is set to superannuate in a few weeks and may not to seek an extended tenure.
Stocks to Watch, 06 October: Stocks like HDFC Bank, Bajaj Finance, IndusInd Bank, Aditya Birla Lifestyle Brands, Lupin, Infosys, Ceigall India, Sobha, Kotak Mahindra Bank, Pace Digitek, Yes Bank, Ujjivan Small Finance Bank, and Canara Bank will be in focus on October 06.
Motilal Oswal Mutual Fund bought 31.02 lakh shares of Bharat Forge at Rs 1,217.32 per share for Rs 377.7 crore, however, sold 7.37 lakh shares in DCX Systems at Rs 242.62 apiece for Rs 17.88 crore.
The stock is down 50% in the last year, making valuations inexpensive, says Morgan Stanley
Board member Pradeep Udhas, senior advisor at KPMG, earned Rs 84 lakh in sitting fees in FY25—over three times the Rs 25.20 lakh he received in FY24
Over the year, FIIs have remained significant net sellers with outflows totaling Rs 2.27 lakh crore, while DIIs have been strong net buyers, investing Rs 5.54 lakh crore.
Stocks to Watch, 16 September: Stocks like Transrail Lighting, NCC, Adani Enterprises, Sanghvi Movers, Asahi India Glass, John Cockerill, JSW Infrastructure, Angel One, Bajaj Finserv, Patel Retail, Zydus Lifesciences, and AGI Greenpac will be in focus on September 16.
Serial investor Shah, was upbeat about the prospects of the new products, especially the Sovereign gold card. “Take a good look because you will probably not see it. Most people will not get it.”
In an internal meeting with select business head of the bank, Rajiv Anand is said to have asked business heads to draw up a plan within the next 45 days to tighten compliance, fill the gaps in processes and strengthening the business.
In his letter to PM Modi, cited by the Economic Times, Gobind Jain said he was the only executive to detect the lapses and had fought a "lone battle" to highlight them.
The lender has faced a series of exits at senior level since April this year, including CEO Sumant Kathpalia, after discrepancies in derivatives accounting and MFI books were reported.
Armed with a commerce degree and a Chartered Accountancy qualification, Rajiv Anand has more than three decades of experience in financial services across asset management, retail, and corporate banking
IndusInd Bank share price: The stock has fallen more than 6 percent in the past one month, and over 25 percent in the past six months. It currently has a P/E ratio of 58.70.
Stocks to watch, 25 August: Stocks like InterGlobe Aviation, Max Healthcare Institute, Hero MotoCorp, IndusInd Bank, Yes Bank, Titagarh Rail Systems, RailTel Corporation of India, Brigade Enterprises, Interarch Building Solutions, IDBI Bank, Signpost India, and CEAT will be in focus on August 25.
The bank has taken decisive measures to address the identified legacy issues in treasury and microfinance, with enhanced oversight and controls in place, Sunil Mehta said
Mehta says that tensions between the US and China could have a cascading impact on India despite its largely domestic economic orientation
The bank's shares have reacted positively, rising over 5 percent on the announcement, as several analysts believe the move could pave way for a turnaround at the bank, after a prolonged turmoil over accounting lapses.
Rajiv Anand's three-year tenure will end on August 24, 2028, pending shareholder approval at the bank's upcoming general meeting.
Rajiv Anand's three-year appointment will run until August 24, 2028, pending shareholder approval at the bank's upcoming general meeting.
Earlier in May, SEBI barred the former top executive of the private lender and few other officials from the buying, selling or dealing in securities for alleged insider trading.
IndusInd Bank share price: Elevated slippages led to higher credit costs, and brokerages expects return on assets (RoAs) to stay below 1 percent in the near term.
Stocks to Watch, 29 July: Stocks like IndusInd Bank, Waaree Energies, NTPC Green Energy, KEC International, Torrent Pharma, PNC Infratech, RPSG Ventures, Monarch Surveyors, Paradeep Phosphates, and Mazagon Dock Shipbuilders will be in focus on July 29.
IndusInd Bank reported a steep 68 percent fall in its June quarter profit amid continued stress in its microfinance segment. However, the lender expects slippages to stabilise by the third or fourth quarter, as recent quality-control measures begin to take effect
The cost of deposit of the bank in the reporting quarter eased by 9 basis points (Bps) year-on-year, and 6 bps on-quarter.
IndusInd Bank Q1 results: The lender's net interest income fell 14% YoY to Rs 4,640 crore in Q1FY26