paras.bhalodia
TF Buzz
I am literally on the verge of crying. In upcoming days, I believe the stock is going to collapse significantly.
1) May 15 reveals another irregularity of 674 Cr in Microfinance segment as false interest income. Same day 595 Cr Whistleblower announced that Indus is showing wrong valuation in "Other Assets" Category.
2) Hinduja Group has not increased the holding by even a penny.
3) 1580 Cr discrepancy in derivative portfolio.
4) CEO, Deputy CEO, and CFO all resigned in span of 3 months.
5) RBI granted extremely short extension.
6) All top leadership sold their part of shares at peak.
7) Indus subsidiary BFIL is accused of evergreening.
8) 84000 loans disbursed without customer consent.
9) Q3 performance dip in Jan 2025.
It is a dear bank operating from 1994 people. It offered semi premium HNI accounts at dirt cheap eligibility. Also always transparent in credit card transactions. No downtimes admitted. Any-branch-home-branch concept. If none noticed, they also have a super knowledgeable Blog running describing in great details all aspects of finance.
Such a dear institution is on the verge of collapse.
And I feel, it was always more because of the employees. They used to deviate consumers in gossip rather than actual business. None were qualified to even provide basic services. CX service over IVR crap. Indie app is a disaster, they just piled some cheap UI modifications on top of existing old app stack. IndusNet has limited functionality.
I never saw a genuine loan customer visiting my branch. All the employees did was accounting, gossip and miss-selling. This all somehow stems because of leadership of Mr Kathpalia, or the ignorant board.
It is now giving vibes not similar to Yes Bank, but of VI (Vodafone Idea). Beggar bank. Wasted hard earned money somehow during foreign derivatives, and kept evergreening or maybe falsifying income from microfinance.
Collapse it looks!
Maybe 30 days from now on. How are investors still keeping up? And they raised price from 650 to 800 forgetting all losses.. Stupid Indian investors.
Me being a depositor, is NOW GENUINELY CONCERNED. I WILL ALSO LOOSE PREMATURE FD PENALTY for 15 L.
1) May 15 reveals another irregularity of 674 Cr in Microfinance segment as false interest income. Same day 595 Cr Whistleblower announced that Indus is showing wrong valuation in "Other Assets" Category.
2) Hinduja Group has not increased the holding by even a penny.
3) 1580 Cr discrepancy in derivative portfolio.
4) CEO, Deputy CEO, and CFO all resigned in span of 3 months.
5) RBI granted extremely short extension.
6) All top leadership sold their part of shares at peak.
7) Indus subsidiary BFIL is accused of evergreening.
8) 84000 loans disbursed without customer consent.
9) Q3 performance dip in Jan 2025.
It is a dear bank operating from 1994 people. It offered semi premium HNI accounts at dirt cheap eligibility. Also always transparent in credit card transactions. No downtimes admitted. Any-branch-home-branch concept. If none noticed, they also have a super knowledgeable Blog running describing in great details all aspects of finance.
Such a dear institution is on the verge of collapse.
And I feel, it was always more because of the employees. They used to deviate consumers in gossip rather than actual business. None were qualified to even provide basic services. CX service over IVR crap. Indie app is a disaster, they just piled some cheap UI modifications on top of existing old app stack. IndusNet has limited functionality.
I never saw a genuine loan customer visiting my branch. All the employees did was accounting, gossip and miss-selling. This all somehow stems because of leadership of Mr Kathpalia, or the ignorant board.
It is now giving vibes not similar to Yes Bank, but of VI (Vodafone Idea). Beggar bank. Wasted hard earned money somehow during foreign derivatives, and kept evergreening or maybe falsifying income from microfinance.
Collapse it looks!
Maybe 30 days from now on. How are investors still keeping up? And they raised price from 650 to 800 forgetting all losses.. Stupid Indian investors.
Me being a depositor, is NOW GENUINELY CONCERNED. I WILL ALSO LOOSE PREMATURE FD PENALTY for 15 L.
