Category: RBI–Banks

IndusInd Bank —  BusinessLine Editorial -[1] It comes as a surprise as to how accumulated losses went unnoticed for 5 to 7 years [2] Concern expressed about the manner of selection index constituents by stock exchanges [3] Fund managers have little choice but to buy index stocks even if they have reservations on some aspects of the company [4] Quality of audit of banks also needs to be examined–despite  internal audit–concurrent audit – statutory and compliance audit – and RBI audit — and yet the losses remained unrecognized for several years [5]Editorial finally avers — An ecosystem reappraisal is in order.

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BusinessLine also shares a news to the effect that both CEO and Dy CEO were offloadimg shared over the last two years [2] Insider trading data shows CEO sold over 10 lac shares worth 145 crores [ between May 2023 to December 2024 ] [3] at varying rates around 1269 a share in May 2023 , over 1320 a share in June 2023– peaking at an average of 1558 a share in March this year–[4] Dy CEO sold 5.4 lakh shares worth a little over 80 crores– during the same period —

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इंडसइंड बॅंक– लोकसत्तेतील विचारप्रवर्तक लेख–[2] सहकारी बॅंकांना जे मापदंड लावून दंडात्मक कारवाई केली जाते–तशीच कारवाई बलदंड खासगी क्षेत्रातील बॅंकावर का नाही होत ? [3] ज्या त्रुटींचा उल्लेख केला गेला आहे त्या केवळ त्रुटी आहेत का याबाबत शंका यावी अशी परिस्थिती आहे–[ अर्थात सहकारी बँकेतील गैरव्यवहार दुर्लक्ष करावे असे कुणीही म्हणणार नाही पण न्याय तातडीने व निष्पक्ष पणे मिळावयास हवा हेही खरेच ]

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