IndusInd Bank shares fall 20% after Q2 profit drop, asset quality deterioration

[paras.bhalodia]

The CEO should leave immediately. 27% erosion of a commercial national bank, have some accountability. Or either he should directly blame the board if they are malice.

But as far as I understand, 40% is DII, 25% FII, 16% Hinduja, 16% Public like us. It is like a PSU bank in terms of ownership.. publically owned.

 

[dvader]

The CEO should leave immediately. 27% erosion of a commercial national bank, have some accountability. Or either he should directly blame the board if they are malice.

But as far as I understand, 40% is DII, 25% FII, 16% Hinduja, 16% Public like us. It is like a PSU bank in terms of ownership.. publically owned.

My friend that's the whole drama, the board is the one applying for extension for current CEO and RBI trying to get rid off him.

If he is bad, the board can easily get rid off him even if he knows some stuff, If he is good, he should be gone for incompetence. Eitherway his presence is an anomaly.

 

[SSV]

I know this is a very silly question, can indusind bank announce it has gone bankrupt in a day, or the fall would be gradual, giving some time to people to withdraw money from indusind bank. Can someone also provide more detail on how 5 lakh insurance by DIGC works? Would this insurance also work if more than one person under family account has more than 5 lakh deposits each? If someone has good deposits with indusind bank, should they be worried rite now or just wait and watch.

@SSV ur thoughts on this plz

As of now, dont need to worry too much about the deposits..
5L per PAN for the entire deposits in all branches of a BANK - this is what that insurance applies..
If you are too much worried , you can start withdrawing slowly.. As the things stand now , the situation is not that dire, otherwide RBI would not have given 1 year extension to the current CEO..
But they certainly didn't like the current CEO to continue based on his performance.. RB gave 1 year time to sort out the mess IndusInd had created themselves y their own management...
I dont have enough time to reply in further detail right now.. catch you later..

 

[Dr.Anand456Dr.Anand456 is verified member.]

IndusInd Bank's app has not been opening for the past two days due to a server issue. Additionally, the official website is also not opening at times. Is anyone else facing the same problem?

 

[brightknight]

No. It's working absolutely fine for me.

IndusInd Bank's app has not been opening for the past two days due to a server issue. Additionally, the official website is also not opening at times. Is anyone else facing the same problem?

 

[Beyond]

IndusInd Bank's app has not been opening for the past two days due to a server issue. Additionally, the official website is also not opening at times. Is anyone else facing the same problem?

Better switch to Indi, as 31st is the deadline

 

[thanix]

I know this is a very silly question, can indusind bank announce it has gone bankrupt in a day, or the fall would be gradual, giving some time to people to withdraw money from indusind bank. Can someone also provide more detail on how 5 lakh insurance by DIGC works? Would this insurance also work if more than one person under family account has more than 5 lakh deposits each? If someone has good deposits with indusind bank, should they be worried rite now or just wait and watch.

Not for IndusInd bank but generally financial institutions will do a debit freeze to avoid 'bank run' I.e. no withdrawal from public till they get working capital and wide variety of other capital to run the bank.

DGIC is not automatic, it will take years to claim that insurance.

So liquidity will become an issue when you really need that money.

My personal opinion - If I were an IndusInd customer having large deposits, I will start diversification now. But it all depends on the risk level people have for their own money.

 

[Dr.Anand456Dr.Anand456 is verified member.]

Not at all. I have been asking this question for a while now. I had created a thread here too.


Working fine for me. I withdrawn money yesterday.

Now, it's working fine. I'm not sure why it's not opening on Wi-Fi—it was working fine until three days ago. However, I can easily access the app using mobile data.

 

[tachniki]

There are other private banks have fallen 50% in last 6 months. I hope more skeletons don't come out of them.

 

[hender]

There are other private banks have fallen 50% in last 6 months. I hope more skeletons don't come out of them.

Don't say....
ट्रेडर : शेयर बाज़ार में कितना पैसा लगाऊँ कि 6 महीने में एक करोड़ हो जाए ?

विशेषज्ञ : 2 करोड़ 😂😂

 

[EnthuCC]

Now, it's working fine. I'm not sure why it's not opening on Wi-Fi—it was working fine until three days ago. However, I can easily access the app using mobile data.

Check if your WiFi has been assigned IPv6 or not. Many financial apps consider IPv6 unsecure and might not open at all.
Search on Google "my ip"

It will show a box like this.

There are other private banks have fallen 50% in last 6 months.

Which banks are those?

 

[hender]

Check if your WiFi has been assigned IPv6 or not. Many financial apps consider IPv6 unsecure and might not open at all.
Search on Google "my ip"

It will show a box like this.
View attachment 86660

Which banks are those?

Bandhan Bank, RBL bank are 2 banks which are 1/4 now as of 2018 peak, still struggling to touch that rate, huge underperformance. They have to climb 4X just to return the Capital Invested at that time.
Max stocks beyond select few, already are down 👇 40 to 200% from the recent peak.

 

[tachniki]

Check if your WiFi has been assigned IPv6 or not. Many financial apps consider IPv6 unsecure and might not open at all.
Search on Google "my ip"

It will show a box like this.
View attachment 86660

Which banks are those?

Bandhan, IDFC first and few others.

 

[desiviru]

Bandhan, IDFC first and few others.

I agree with this post being a SE. Such things are normal with IPv6 and also occurs when IPv6 addys having resolving issues. 🙂

 

[Das.N]

My Indusind RM just shared this pdf with me .
( RBI press release about Indusind Bank)

 

[SSV]

View attachment 86784My Indusind RM just shared this pdf with me .
( RBI press release about Indusind Bank)

They are saying all those ratios are good as per their Dec 2024 quarter report..
My question is : what if that quarter report itself is wrongly deduced..
By no means I.am.saying those are.wrong.
I am.just saying RBI is just quoting those ratios as per last quarter statements.. I hope you understood my point...
Let's talk about those ratios after March 2025 quarter, then only we can know the real situation...

 

[hender]

View attachment 86784My Indusind RM just shared this pdf with me .
( RBI press release about Indusind Bank)

They are saying all those ratios are good as per their Dec 2024 quarter report..
My question is : what if that quarter report itself is wrongly deduced..
By no means I.am.saying those are.wrong.
I am.just saying RBI is just quoting those ratios as per last quarter statements.. I hope you understood my point...
Let's talk about those ratios after March 2025 quarter, then only we can know the real situation...

RBI gave punishment. {....}
Punter gave {.....................}
Public felt
{..........................................}
Now RBI again clarified {...}

Disc: Investment in Stock market, subject to market risk.

 

[SSV]

RBI gave punishment. {. }
Punter gave {. }
Public felt
{. }
Now RBI again clarified {. }

Disc: Investment in Stock market, subject to market risk.

Yes, same as Smoking is injurious to Health !! 😉

 

[SSV]

Is there any link of it to access.

They are sending it by push notifications onto your mobile using their app.. pdf file is being downloaded. Just now I got it

 

[SSV]

Is there any link of it to access.

They are sending it by push notifications onto your mobile using their app.. psd file is being downloaded. Just now I got it

Here it is ..