IndusInd Bank shares fall 20% after Q2 profit drop, asset quality deterioration

[dvader]

MF*kers definitely invested in stock markets.

But whose money? The depositor money or the investor money or the profit money? Which money? Ya maybe little bit of all.

And they faced losses, obviously someday it was bound to happen. This all terminology bullshit I don't get it.

Seedhe seedhe bata na ma ke l* kaunsa Paisa kidhar daala kyunki nuksaan toh tune bata Diya, 2000 Cr ka...

Wo bhi chalaki se. Like the bank forgot to calculate "Hedging costs"..

It's like ohhh I purchased wholesale stocks at falana rate, but also hedged it for safety. And therefore finally during calculation, I thought I was in profits.. par ma Kasam mai wo hedging ka cost bhul gaya.. toh aisa hai.. iss quarter stock mai jo itne saalo se mai depositor/profit/investor ka paisa uda Raha tha naa.. iss saal mandi ki wajeh se katora Khali reh gaya.. Mera bhi portfolio red hogaya.

Therefore. The bank did not make enough profit from stocks this quarter. Sorry.

Bhs*ke par ye toh bata RBI ke naak ke niche se kaunsa Paisa kiss scam se kaunse dalal (Harshad Mehta 2.0) kiss type ke loophole ko exploit karke daala.. Because I was of the impression that FD money can NEVER be used to trade in stocks. Period.

And even if FD money was not used, if the bank goes bankrupt, how the hell does RBI plan on recovering the loan amts with interests from retail loaners. Everybody will be like kaunsa Paisa.. kya Paisa.. mere paas kuch nhi kisi ko dene ke liye.

Brother, depositor money can not be used in Forex trading. The report clearly mentioned no client was touched in the transaction. The discrepancy is for a period before 2023. RBI knows about it because they have been trying to get rid of the CEO for the last 2 years. Banks like IndusInd don't go bankrupt. It will be taken over by a big bank and then business as usual. Relax.

And if IndusInd goes down like you say it would (kiska psa, kaun sa psa) then it will hit at least 5-10 more banks and then we would be in a complete depression. I am not saying everything is good with IndusInd it's not. But the banking part of it is solid, it's the rest of it that's a problem. And RBI for this reason has been trying to get rid of it's CEO since 2023.

The stock price was cheaper than their book value and Hinduja Brothers have been trying to increase their stake in IndusInd since covid, but RBI blocked it. Hinduja has made the same request again with RBI but RBI most prob will block it again. These are not the symptoms of a failing bank.

However this is not how a good bank should work either. Lack of transparency, process, control and governance. It will take 2-3 years for indusind to cross 1000 unless they fire the CEO tomorrow which they should have done by now and assure investors and depositors that they are working to fix shit.

 

[paras.bhalodia]

The CEO should leave immediately. 27% erosion of a commercial national bank, have some accountability. Or either he should directly blame the board if they are malice.

But as far as I understand, 40% is DII, 25% FII, 16% Hinduja, 16% Public like us. It is like a PSU bank in terms of ownership.. publically owned.

 

[dvader]

The CEO should leave immediately. 27% erosion of a commercial national bank, have some accountability. Or either he should directly blame the board if they are malice.

But as far as I understand, 40% is DII, 25% FII, 16% Hinduja, 16% Public like us. It is like a PSU bank in terms of ownership.. publically owned.

My friend that's the whole drama, the board is the one applying for extension for current CEO and RBI trying to get rid off him.

If he is bad, the board can easily get rid off him even if he knows some stuff, If he is good, he should be gone for incompetence. Eitherway his presence is an anomaly.