Stock market ends in green in a volatile session
At close, the Sensex was up 301.93 points or 0.36% at 83,878.17, and the Nifty was up 106.95 points or 0.42% at 25,790.25.
At close, the Sensex was up 301.93 points or 0.36% at 83,878.17, and the Nifty was up 106.95 points or 0.42% at 25,790.25.
The Hinduja family-promoted IndusInd Bank's Board of Directors on Wednesday approved raising up to Rs 30,000 crore through a combination of debt and equity and allowed the promoters to nominate two board directors, as it seeks to restore confidence in its operations after the recent Rs 2,000 crore accounting lapse.
IndusInd Bank's share fell over 5 per cent on Tuesday after the bank informed that GST authorities in Thane, Maharashtra, had imposed a penalty of more than Rs 30.15 crore due to several compliance issues.
The board members of IndusInd Bank have decided to appoint an independent professional firm to conduct a comprehensive investigation to identify the root cause of the discrepancies in the bank’s derivative portfolio.
We are delighted to collaborate with Vistara, to launch the 'Club Vistara IndusInd Bank Explorer' credit card that aims to revitalise the way India travels.
The bank had posted a net profit of Rs 510.39 crore in the corresponding quarter of the previous financial year.
A special low EMI options scheme will be offered for the first 3-6 months as part of this partnership.
The bank said that he will sell the shares to repay loans taken to exercise earlier vested ESOPS.
Net interest income (NII) rose by 9 per cent year-on-year to Rs 3,535 crore in Q4 of FY21.
The filing said that this would lead to IIHL shoring up additional equity of 1.7 per cent in IndusInd Bank thereby bringing promoter equity to 15 per cent on a diluted basis.
