Moody’s has placed IndusInd Bank’s baseline credit assessment under review for downgrade due to concerns over internal control discrepancies in derivative accounts and ongoing retail loan stress. The bank discovered a $175 million accounting discrepancy related to currency derivatives. Shares have dropped 28% since the central bank’s decision on CEO Sumant Kathpalia’s term extension.
Smartworks Coworking IPO set to debut today. GMP signals mild listing gains
Smartworks Coworking Spaces is set to debut on the stock market on July 17, with an IPO price fixed at Rs 407 per share. Subscribed