RBI gets twice the bids for Rs 50,000-crore OMO

The discount in the auction on Wednesday was 30 paise, while the previous OMO auctions have seen discounts of 40-50 paise. The next OMO purchase is scheduled for March 18, where the liquidity deficit is expected to widen after quarterly advance tax-related outflows.

Potential investors in IIHL’s bond issue reassess risk

Hinduja Group-led IndusInd International Holdings (IIHL) mandated Barclays and 360 One to syndicate the debt, people cited above said. The bank on Monday disclosed accounting discrepancies in its derivative transactions affecting 2.35% of its net worth, raising alarm among potential investors.

RBI asks IndusInd Bank board to nominate candidates for CEO, COO posts

The RBI has requested IndusInd Bank to propose two external candidates for CEO and COO roles following a one-year extension for Sumant Kathpalia’s tenure, now ending in March 2026. Kathpalia acknowledged RBI’s reservations about his leadership. Additionally, the bank is examining its derivative portfolio discrepancies, potentially affecting its net worth by 2.35%.

Equity fund flows drop 26% in Feb as market plunge bites

Equity schemes garnered ₹29,303 crore in February compared with January’s ₹39,688 crore. Investments through monthly systematic investment plan (SIPs) fell marginally to ₹25,999 crore from the previous month’s ₹26,400 crore.

‘Hindujas’ IndusInd pledge may rise to 80%

Macquarie warns that if IndusInd Bank’s stock drops below Rs 600, the Hinduja Group may need to pledge up to 80% of its holdings. Analysts highlight risks for other Hinduja-led entities, as the group faces debt repayment challenges and collateral pressures.