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‘No commitments’: India clarifies after Donald Trump’s tariff cut claim - Hindustan Times
- ‘No commitments’: India clarifies after Donald Trump’s tariff cut claim Hindustan Times
- Jewellery exporters step up online play to reach US buyers directly The Economic Times
- No commitment to US on tariffs: Govt to Parlimantary panel The Times of India
- No commitments made: India on Donald Trump's tariff cut claim India Today
- Trump's tariffs on India may be good news, says ex-RBI deputy governor: Report Hindustan Times
Shanaya Kapoor and Adarsh Gourav to headline Bejoy Nambiar-Aanand L Rais Tu Yaa Main; survival thriller locks Valentines Day 2026 - Bollywood Hungama
- Shanaya Kapoor and Adarsh Gourav to headline Bejoy Nambiar-Aanand L Rais Tu Yaa Main; survival thriller locks Valentines Day 2026 Bollywood Hungama
- Tu Yaa Main: Shanaya Kapoor And Adarsh Gourav's Film Teaser Will Send A Chill Down Your Spine NDTV Movies
- Shaitan fame director's date night thriller 'Tu Yaa Main' trailer impresses netizens | WATCH India TV News
- Shanaya Kapoor & Adarsh Gourav roped in for Bejoy Nambiar & Aanand L Rai's 'Tu Yaa Main' TOI Etimes
- Suhana Khan, Ananya Panday, Navya React To BFF Shanaya Kapoor’s Tu Yaa Main Teaser: ‘Too Many Favourites’ News18
Government to introduce Immigration and Foreigners Bill 2025 to regulate stay of foreigners in India: Key highlights - OpIndia
- Government to introduce Immigration and Foreigners Bill 2025 to regulate stay of foreigners in India: Key highlights OpIndia
- Immigration and Foreigners Bill, 2025 introduced in Lok Sabha The Economic Times
- Video | Immigration and Foreigners Bill | New Foreigners Act | Boost To Security Or Entry Restrictions? NDTV
- '5 years in prison, ₹5 lakh fine for arrival without valid documents': Immigration and Foreigners Bill, explained Business Today
- Proposed immigration law seeks to add more teeth to existing rules The Hindu
Health minister assures hike in ASHA workers’ pay, says all dues to Kerala settled - Onmanorama
- Health minister assures hike in ASHA workers’ pay, says all dues to Kerala settled Onmanorama
- ASHA workers will get enhanced remuneration, says Health Minister Nadda The Hindu
- Asha workers protest for wage revision & job regularization The Times of India
- Who cares for the carers? Calling out the exploitation of ASHAs The News Minute
- Parliament: MPs demand better wages, job security for ASHA workers Hindustan Times
spacex-target-wednesday-to-launch-new-crewed-mission-to-space-station News in Hindi -1 News Headlines Found - United News of India
- spacex-target-wednesday-to-launch-new-crewed-mission-to-space-station News in Hindi -1 News Headlines Found United News of India
- Station Readies for Upcoming SpaceX Crew Swap, Keeps Up Space Research NASA
- Elon Musk’s SpaceX gears up for mission to bring Sunita Williams back to Earth: Check launch date and mis The Times of India
- SpaceX mission to bring back Sunita Williams to launch on Wednesday India Today
- No Treadmill, No Problem – NASA’s Space Workout Experiment Could Change Fitness Forever SciTechDaily
PM Modi Mauritius visit LIVE updates: Indian naval ship Imphal reaches Mauritius to participate in national day celebrations - The Hindu
- PM Modi Mauritius visit LIVE updates: Indian naval ship Imphal reaches Mauritius to participate in national day celebrations The Hindu
- Ramayana Conference, Sacred Lake: When PM Modi Visited Mauritius In 1998 NDTV
- India and the geopolitics of Mauritius: The ‘Star and Key’ to the Indian Ocean The Indian Express
- PM's déjà vu moment? When Modi visited 'Mini India' Mauritius 27 years ago India Today
- PM Modi's Mauritius Visit In 1998, See Pics News18
IndusInd's discrepancy explained, in 5Ws & 1H
India's stock market woes are only continuing and the investors' Tuesday morning might have just gotten worse following IndusInd Bank shares hitting lower circuit. IndusInd Bank suffered a massive blow on Tuesday as its shares plummeted 25%, hitting a 52-week low of Rs 674.55. The steep drop came after the bank disclosed discrepancies in its derivatives accounting, sparking concerns among investors and analysts. This marks the steepest fall in IndusInd Bank’s stock since March 2020. With analysts warning of a possible earnings hit and raising concerns about weak internal controls, the stock has taken a severe beating. But what exactly happened, and what does it mean for IndusInd Bank and its investors? ET explains the whole discrepancy saga of IndusInd Bank shares in 5Ws and 1H.What happened?IndusInd Bank reported accounting discrepancies in its derivatives portfolio, leading to a 20% crash in its stock price. An internal review found that the bank had underestimated hedging costs related to past forex transactions. This revelation has forced the bank to acknowledge a potential impact of Rs 1,600-2,000 crore on its net worth, equivalent to 2.35 per cent as of December 2024.Following this, investors reacted sharply, causing the bank’s shares to hit their lowest level since November 2020. Analysts have also raised concerns about weak internal controls and governance issues within the bank.Also Read: IndusInd Bank shares hit by downgrades, target price cuts. What investors should doWho is affected?The biggest impact is on IndusInd Bank and its investors. The bank's stock has already lost 42% over the past year. Analysts believe that the findings raise concerns about the bank’s internal controls and compliance measures.When did this issue emerge?The discrepancies were identified between September and October 2024, following the Reserve Bank of India’s (RBI) updated master directions on derivatives. The bank disclosed the issue in its exchange filing on March 10, Monday, after a board meeting. Further, the stock reacted on Monday, too, ending nearly 4 per cent lower after the Reserve Bank of India's (RBI) decision to extend the incumbent CEO's term by just one year against three years that was sought by India's fifth largest private lender.Also Read: Indian stocks look attractive, valuations cheapest since Covid: Morgan StanleyWhere is the impact visible?Apart from IndusInd Bank’s stock crash, the Indian banking sector also faced minor setbacks. The Nifty Bank index fell 0.7%, while the broader Nifty 50 declined by 0.27%. The issue could also affect investor confidence in banking stocks, particularly regarding risk management practices.Why did IndusInd Bank face this issue?The discrepancies stem from past forex transactions where the bank underestimated hedging costs. This led to an incorrect valuation in its accounts. The issue is linked to compliance with RBI's new guidelines on derivatives portfolio management.How is IndusInd Bank responding?The bank has launched a detailed internal review and appointed an external agency to validate its findings. It has assured investors that its profitability and capital adequacy remain strong enough to absorb the one-time impact. The loss will be accounted for in either Q4 FY25 or Q1 FY26.What’s next?Analysts warn that the stock may face further de-rating due to concerns over weak internal controls. Emkay Global has downgraded IndusInd Bank to 'Add' from 'Buy' and slashed its target price by 22% to Rs 875. Meanwhile, Nuvama downgraded IndusInd Bank to 'Reduce' from 'Hold' and cut its target price to Rs 750. Motilal Oswal downgraded IndusInd Bank to ‘Neutral’ with a revised target price of Rs 925, down from an earlier estimate.
Categories: Business News
Days After India Wins Champions Trophy 2025, Pakistan Cricket Board To Register Protest Against ICC: Report - Times Now
- Days After India Wins Champions Trophy 2025, Pakistan Cricket Board To Register Protest Against ICC: Report Times Now
- Pakistan ko as darzi yaad rakhenge: Journalist trolled by anchor, social media users for his comment on Ch The Economic Times
- PCB to register protest, chairman Mohsin Naqvi rejects ICC's explanation for Champions Trophy ceremony snub Hindustan Times
- PCB lodges 'complaint' with ICC for sidelining it at Champions Trophy presentation ceremony The Times of India
- PCB vs ICC: Pakistan Protests Snub At Champions Trophy 2025 Ceremony Amid Darzi Jibe, Video Goes Viral - Watch Zee News
Russia downs 337 Ukrainian drones in 'largest' attack yet; air and rail travel disrupted - The Times of India
- Russia downs 337 Ukrainian drones in 'largest' attack yet; air and rail travel disrupted The Times of India
- Moscow and region hit by 'massive' drone attack, Russian officials say BBC.com
- One killed as Ukraine launches ‘massive’ drone attack on Moscow Al Jazeera English
- Moscow airports suspend flights after ‘massive’ Ukrainian drone attack The Guardian
- Russia says it downed hundreds of Ukrainian drones ahead of crucial talks between US and Kyiv CNN
Benefits of chewing on guava leaves thrice a week - The Times of India
Benefits of chewing on guava leaves thrice a week The Times of India
Delhi world’s most polluted capital for 6th straight year; pollution cuts life expectancy in India by 5 years: Report - The Indian Express
- Delhi world’s most polluted capital for 6th straight year; pollution cuts life expectancy in India by 5 years: Report The Indian Express
- 13 Of World's 20 Most Polluted Cities In India, Delhi Most Polluted Capital NDTV
- This is where you will find the cleanest air in the world; India 5th most polluted country The Indian Express
- Only seven countries worldwide meet WHO dirty air guidelines, study shows The Guardian
- India ranks 5th in World Air Quality Index with most polluted cities: IQAir Business Standard
"Ranya Rao Took Advantage Of VIP Protocol": Karnataka Orders New Probe - NDTV
- "Ranya Rao Took Advantage Of VIP Protocol": Karnataka Orders New Probe NDTV
- 'Began to sob uncontrollably': Ranya Rao claims harassment during gold smuggling probe; stonewalled quest The Times of India
- Ranya Rao's IPS father to be probed after protocol violation at airport Hindustan Times
- Hotelier's grandson arrested in gold smuggling case, was friends with Ranya Rao India Today
- D K Shivakumar rejects reports linking ministers with gold smuggling case, calls them 'political gossip' Deccan Herald
Vicky Kaushal’s Chhaava beats Sunny Deol’s Gadar 2 to become the 10th biggest hit of Indian Cinema - TOI Etimes
- Vicky Kaushal’s Chhaava beats Sunny Deol’s Gadar 2 to become the 10th biggest hit of Indian Cinema TOI Etimes
- Chhaava box office collection day 25: Vicky Kaushal and Rashmika Mandanna’s film zooms past Rs 700 crore mark; on track to overtake Stree 2 The Indian Express
- Chhaava Box Office Collection Day 25: Vicky Kaushal’s movie surpasses ₹700 crore-mark worldwide Mint
- 'Chhaava' box office collection day 25: Days after crossing ₹500 crore in India, Vicky Kaushal's film sees drop in daily biz on 4th Monday Business Today
- Chhaava Box Office: Did Champions Trophy final affect Vicky Kushal starrer's collection? India TV News
Complaint filed against Thalapathy Vijay over Iftar event controversy - TOI Etimes
- Complaint filed against Thalapathy Vijay over Iftar event controversy TOI Etimes
- Police complaint against Vijay for allegedly ‘insulting Muslims’ at Iftar event: Report Hindustan Times
- Vijay dons skullcap, hosts Iftar during Ramzan; viral video leaves netizens divided: ‘Politics can make person do any’ Mint
- Thalapathy Vijay Wears Skull Cap, Participates In Namaz As He Hosts An Iftar Party | Watch News18
- Tamil superstar Thalapathy Vijay hosts 'Iftar' during Ramzan, wears a skullcap, netizens say 'This is totally politics, did he visit the Kumbh?' Firstpost
Delhi sees surge in seasonal flu cases: H1N1 swine flu, Influenza B - symptoms, precautions. Are you at risk? - Mint
- Delhi sees surge in seasonal flu cases: H1N1 swine flu, Influenza B - symptoms, precautions. Are you at risk? Mint
- Temp fluctuates, OPDs see a surge in flu cases The Times of India
- Over 54% Delhi-NCR households report flu symptoms: How to keep yourself safe India Today
- Delhi Battles Worst H1N1 Swine Flu Outbreak In Years; Here’s How To Stay Safe Onlymyhealth
- Delhi sees surge in Influenza B, swine flu cases across age groups, say doctors The Indian Express
U.S. Director of National Intelligence Tulsi Gabbard to visit India - The Hindu
- U.S. Director of National Intelligence Tulsi Gabbard to visit India The Hindu
- US Intelligence Chief Tulsi Gabbard to visit India for security talks India Today
- ‘I Am Wheels Up’: Tulsi Gabbard Begins Trip To India, Japan, Thailand; First Stop At Honolulu News18
- US Intel chief Tulsi Gabbard to visit India during her Indo-Pacific trip The Times of India
- US intelligence chief Tulsi Gabbard to visit India as part of Indo-Pacific tour The New Indian Express
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