Shares of IndusInd Bank Ltd are in focus on Wednesday morning after the private bank said it is not engaged with accounting firm Ernst & Young (EY) for a forensic audit as reported in a news report earlier. Instead, the lender insisted it is engaged with EY as a part of the process of finalisation of accounts by the bank’s Internal Audit Department (IAD). The private lender admitted it is conducting a review of the bank’s MFI business to examine “certain concerns” that have been brought to the bank’s attention.
IndusInd Bank News
IndusInd Bank Gains As Jefferies Reiterates ‘Buy’, Raises Target Citing Growth In Retail Deposit
Shares of IndusInd Bank gained 1.7% during the session. The stock is among the top gainers in Nifty Bank index.
IndusInd Bank Board Approves Rs 30,000 Crore Fund Raise
The board of private sector lender IndusInd Bank Ltd approved a Rs 30,000 crore fund raising plan on Saturday, according to a filing with the stock exchanges.
IndusInd Bank Share Price 1400, Big Downfall Expected – Buy Karna Mana Hai
IndusInd Bank Share Price 1400, Big Downfall Expected – Buy Karna Mana Hai