Siddhi Nayak
Correspondent at Reuters
Central Bank Correspondent at @reuters | Past: @moneycontrolcom, NewsRise for @Refinitiv @cnbctv18live | @ACJIndia alumnus
Articles
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2 weeks ago |
marketscreener.com | Kashish Tandon |Siddhi Nayak
Published on 05/21/2025 at 23:53, updated on 05/22/2025 at 01:11 BENGALURU/MUMBAI (Reuters) -Shares of India's IndusInd Bank rebounded from sharp falls on Thursday on bets that the worst was behind the private lender, a day after it logged a record quarterly loss, hit by past accounting discrepancies. Its shares rose as much as 3.5% to 796.70 rupees to be the top percentage gainers on the benchmark Nifty 50. They declined as much as 6% earlier, making them the worst performers on the index.
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2 weeks ago |
marketscreener.com | Nishit Navin |Siddhi Nayak
Published on 05/21/2025 at 09:00, updated on 05/21/2025 at 09:58 BENGALURU (Reuters) -IndusInd Bank, India's fifth-biggest private lender by assets, reported its biggest-ever quarterly loss on Wednesday and said it suspects some employees had engaged in fraud that led to accounting lapses that weighed on results. The bank, founded in 1994, posted a standalone net loss of 22.36 billion rupees ($261.6 million) for January-March, compared with a profit of 23.47 billion rupees a year earlier.
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2 weeks ago |
reuters.com | Jayshree Pyasi |Siddhi Nayak
A man walks past a logo of IndusInd Bank at a metro station in New Delhi, India, March 25, 2025. REUTERS/Anushree Fadnavis MUMBAI, May 19 (Reuters) - India's markets regulator is investigating six IndusInd Bank officials for insider trading to determine if they sold stock options while being aware of accounting lapses at the bank before these were publicly disclosed, two sources with direct knowledge of the matter said.
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2 weeks ago |
in.marketscreener.com | Jayshree P Upadhyay |Siddhi Nayak
Published on 19/05/2025 at 15:30, updated on 19/05/2025 at 15:31 MUMBAI (Reuters) -India's markets regulator is investigating six IndusInd Bank officials for insider trading to determine if they sold stock options while being aware of accounting lapses at the bank before these were publicly disclosed, two sources with direct knowledge of the matter said.
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3 weeks ago |
reuters.com | Siddhi Nayak
File Photo: A woman walks out of a branch of Yes Bank in New Delhi, India, August 30, 2024.
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RT @adityakalra: ๐ Best of Reuters India Business News: Busy week for the team with many revelatory and insightful stories -- Star Health bโฆ
Pre pre-monsoon ground reality of #Mumbaiโฆ Well done @mybmc https://t.co/VbnNDus3aB
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