Traveling ,Gardening & Finance
Traveling ,Gardening & Finance
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 RBI approval has been granted with reference to the application made by HDFC Bank (Representative image/REUTERS) “We would like to inform you that the Reserve Bank of India (RBI) vide […]
IndusInd Bank Ltd. on Tuesday said that the Reserve Bank of India has approved HDFC Bank to acquire up to a 9.50% stake in the smaller private lender. IndusInd reported its largest-ever quarterly loss in the three months ended March 31. (Mint) The Reserve Bank of India has mandated that HDFC Bank acquire a major […]
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 on assets following a governance shakeup. The impact of the IndusInd scandal has dragged on its profitability, leaving the lender’s return metrics well below peers. (Bloomberg) The restructuring—expected within days—will […]
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 flagged misconduct and misreporting. The IndusInd Bank fraud relates to incorrect accounting on derivative trades that prompted a Rs-2,000 crore hit to its accounts. (Bloomberg) The IndusInd board has obtained […]
