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IndusInd bank CEO now resigns after record loss

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More loss is coming the way indusind is behaving more and more people going away from this pathetic bank branch service is nightmare, FDs stuck often which requires multiple branch visits even branch employees confused, mobile number update is only available through branch visit
Indusind bank is going backward



Duniya chale agaadi Indusind Chale pichaadi
Peena hi jaante hain technical team hai anaadi
 
You guys are being too jumpy. He was going to go anyway. The RBI had wanted him gone since a long time now. Even before this derivatives fiasco was disclosed, he had been granted an extension for only one year.

The bank is also well capitalised and not going to fail anytime soon.

The stock is not going to hit lower circuit today.
 
You guys are being too jumpy. He was going to go anyway. The RBI had wanted him gone since a long time now. Even before this derivatives fiasco was disclosed, he had been granted an extension for only one year.

The bank is also well capitalised and not going to fail anytime soon.

The stock is not going to hit lower circuit today.

But there have been enough signs in recent times for me to suspect that things are not quite running normally with them.

1. My BM suddenly moved out of IndusInd, and the bank did not, or was unable to, fill the vacancy for months.

2. My RM keeps on changing quite frequently, -- and I have stopped getting any calls whatsoever from them (not that I have been unhappy with this development 🙂). -- This from a bank notorious for frequent spam calls/ emails/ messages!

3. Usually every February/ March such private banks start bothering customers for additional investments. No such calls from IndusInd this time!

4. Not only that, -- when in March I had moved out substantial investments with them (enough for a Pioneer account) in stages, nobody ever bothered to contact me to find out what was going on, -- as if they had already given up!

I am glad to have decided to minimize my exposure to them.
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