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[insightfultake]

IndusInd Bank's Derivatives Discrepancy: A Deep Dive into the ₹1,530 Crore Issue

IndusInd Bank, one of India’s leading private sector lenders, has recently reported an alarming discrepancy of ₹1,530 crore in its foreign exchange (forex) derivatives portfolio. This revelation, which constitutes approximately 2.35% of the bank’s net worth as of December 2024, has sent shockwaves across the financial markets. The issue, uncovered during an internal review, has not only resulted in a sharp decline in the bank’s stock price but has also raised questions about its risk management and governance practices.

[reportwire]

Bank of Baroda raises ₹1,997 crore via AT-1 bonds

Bank of Baroda raises ₹1,997 crore via AT-1 bonds

Bank of Baroda (BoB) has raised ₹1,997 crore via an issue of Additional Tier 1 bonds at a coupon rate of at 7.95 per cent. Bonds of ₹1 crore are unsecured, rated, listed, subordinated, non-convertible, fully paid-up Basel III compliant perpetual bonds. Bids of ₹5,308 crore The public sector bank informed exchanges that it has received total bids aggregating ₹5,308 crore against issue size of…

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