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.
JM Financial Q1 profit jumps 166% to Rs 454 crore
JM Financial on Monday reported a 166 per cent rise in consolidated net profit to Rs 454 crore for the June quarter of FY26.