All posts tagged: IndusInd Bank

IndusInd bank employee in Gurugram held over ₹35 lakh fraud | Latest News India

IndusInd bank employee in Gurugram held over ₹35 lakh fraud | Latest News India

Published by Parlour News

Apr 12, 2025 09:44 PM IST Ayushman revealed that he had opened a bank account in a fake firm’s name and transferred more than a lakh of the stolen money in it. An employee of the IndusInd Bank was nabbed here in connection with an over ₹35 lakh fraud, police said on Saturday. The IndusInd bank employee had stored the stolen money in different accounts.(representative image/Bloomberg) Also Read: ₹63 crore fraud case”>ED arrests ex-chairman of Karnataka cooperative bank in ₹63 crore fraud case The accused was identified as Ayushman, a resident of Shiv Durga Vihar, Faridabad. According to the police, in July last year, a person had filed a complaint that he was duped of ₹35.69 lakh through fraudulent investments in the share market. Also Read: Enforcement Directorate arrests ex-MLA Vinay Shankar Tiwari, relative in bank loan fraud case An FIR was registered at the Cyber Crime Police Station, East, and an investigation was taken up. During interrogation, Ayushman revealed that he had opened a bank account in a fake firm’s name and transferred into …

IndusInd Bank’s Damage Control After Rs 2,100 Crore Accounting Lapse

IndusInd Bank’s Damage Control After Rs 2,100 Crore Accounting Lapse

Published by Webster

New Delhi: IndusInd Bank on Tuesday addressed the fallout of a Rs 2,100 crore discrepancy in accounting, saying it has enough reserves and capital to cover for it, but the management’s assurance failed to arrest the free fall of shares which tanked over 27 per cent on the bourses. IndusInd Bank CEO and Managing Director Sumant Kathpalia said that the accounting lapse was noted around September-October last year and the bank gave a preliminary update to the RBI about this last week. The final number will be known after the external agency, which the bank has appointed, finalises its report by early April. In a stock exchange filing, private sector lender IndusInd Bank on Monday disclosed that the bank has noted some discrepancies in its derivatives portfolio which could have an adverse impact of about 2.35 per cent of the bank’s net worth as of December 2024 as per its internal review. Analysts peg the discrepancy at Rs 2,100 crore in absolute terms. The bank has, in parallel, appointed an external agency to independently review …

Pukhraj Singh Gill’s team wins Pro-Am event of Ahmedabad Open 2025

Pukhraj Singh Gill’s team wins Pro-Am event of Ahmedabad Open 2025

Published by Webster

Chandigarh-based professional Pukhraj Singh Gill’s team won the Pro-Am event of the Ahmedabad Open 2025 presented by IndusInd Bank. Pukhraj’s team comprised of amateurs Bhavin Vadgama, Manish Chokshi and Vaishal Shah and posted a score of 56. Italian professional Michele Ortolani and his team comprising of amateurs Jigish Shah, Paresh Vasani and Kairav Shah were the runners-up at the Pro-Am with a score of 56.6. The contest for the closest to the pin on hole no. 5 was won by Pramod Kumar who landed it within five feet and two inches of the pin. The contest for the closest to the pin on hole no. 11 was won by Rajiv Tanna who landed it within 11 feet and eight inches of the pin. Chiragh Thakkar won the straight drive contest on hole no. 7. His drive landed on the centre of the fairway. Tejas Deswal won the longest drive contest on hole no. 10 with a drive of 300 yards. Disclaimer: We do not own any of the content, ideas, images, or text presented here. …

N Thangaraja coasts to win after clinical final round

N Thangaraja coasts to win after clinical final round

Published by Webster

Sri Lankan golfer N Thangaraja coasted to a grand five-shot win after a clinical final round performance of one-over 73 at the INR 1 crore Ahmedabad Open 2025 presented by IndusInd Bank played at the Kensville Golf & Country Club near Ahmedabad. The 43-year-old Thangaraja (65-73-69-73), the third-round leader by five shots, capitalized on his comfortable overnight advantage with a clinical 73 as he totaled eight-under 280 for the week. Thanga, who secured his fifth PGTI title and his first win since 2023, picked up the winning cheque worth INR 15 lakh that propelled him from seventh to second position in the PGTI Order of Merit. Mysuru’s Yashas Chandra (72-70-70-73) also struck a last round of 73 to end the week as runner-up at a total of three-under 285. Italy’s Michele Ortolani (68-74-72-72) came in third at two-under 286 after he posted a fourth-round score of 72. Ahmedabad’s Varun Parikh (72) and Chandigarh’s Harendra Gupta (75) finished tied fourth at one-under 287. N Thangaraja, who set the bar in round one before regaining his lead …

N Thangaraja pulls ahead in Round 3

N Thangaraja pulls ahead in Round 3

Published by Webster

Sri Lanka’s N Thangaraja found his way back to the top of the leaderboard and made his good putting form count as he pulled ahead into an imposing five-shot lead in round three of the INR 1 crore Ahmedabad Open 2025 presented by IndusInd Bank being played at the Kensville Golf & Country Club near Ahmedabad. The 43-year-old Thangaraja (65-73-69), the round one leader who had slipped to second place, one behind the lead on day two, struck a solid three-under 69 on Thursday to regain his lead and move his total to nine-under 207 thus opening up a huge gap over the rest of the field. Thangaraja, now the hot favourite, will be searching for his fifth PGTI title and his first win since 2023 come Friday. Chandigarh’s Harendra Gupta (70-67-75), the halfway leader, carded a 75 in the penultimate round to drop down to tied second place at four-under 212. Mysuru’s Yashas Chandra (72-70-70), the only player to have not returned an over-par score in the tournament so far, came up with a …

Harendra Gupta emerges halfway leader

Harendra Gupta emerges halfway leader

Published by Webster

Chandigarh golfer Harendra Gupta emerged halfway leader as a result of his second round of five-under 67 at the INR 1 crore Ahmedabad Open 2025 presented by IndusInd Bank being played at the Kensville Golf and Country Club near Ahmedabad. The 40-year-old Harendra (70-67), a winner of 10 titles, shot the day’s best score in round two to total seven-under 137 and move up two spots from his overnight tied third place. He leads the field by one shot. Sri Lankan N Thangaraja (65-73), the overnight leader, struck a 73 on Wednesday to drop down to second position at six-under 138. Mysuru’s Yashas Chandra (70) and Italy’s Michele Ortolani (74) were tied third at two-under 142. The cut was declared at seven-over 151. Fifty-six professionals made the cut. Harendra Gupta climbed up the leaderboard early in his round thanks to his consistent putting as he sank four birdies from a range of six to 10 feet on the first 13 holes. Gupta then drained a 40-footer for eagle on the Par-5 14th to consolidate his …

Ahmedabad Open Golf Championship 2025 tees-off on March 4

Ahmedabad Open Golf Championship 2025 tees-off on March 4

Published by Webster

The Professional Golf Tour of India (PGTI) will be staging the second edition of the Ahmedabad Open Golf Championship presented by IndusInd Bank at the Kensville Golf & Country Club in Ahmedabad from March 4 – 7, 2025. The event carries a prize purse of INR 1 crore. IndusInd Bank is the Presenting Partner for the event, Gujarat Tourism is the Associate Sponsor, and Kensville Golf & Country Club is the Host Venue. The Pro-Am will follow the main event on March 8. Gujarat Tourism’s association with the event presents a great opportunity to promote one of the top golfing venues of Gujarat – Kensville Golf & Country Club. The promotion of Gujarat’s leading golfing venues will help tap into the immense potential for golf tourism in the state. The tournament is set to feature some of the top Indian professionals, such as Om Prakash Chouhan, Manu Gandas, Udayan Mane, Shaurya Bhattacharya, Rashid Khan, Karandeep Kochhar, Chikkarangappa S, and Sachin Baisoya, to name a few. The foreign players in the field include Bangladeshis Jamal Hossain, …

RBI approves HDFC Bank’s proposal to acquire 9.5% in IndusInd Bank: Explained

Published by Parlour News

The Reserve Bank of India (RBI) approved HDFC Bank Limited’s application to acquire an “aggregate holding” of up to 9.5 per cent of the paid-up share capital or voting rights in IndusInd Bank Limited, as per a regulatory filing by IndusInd Bank with the BSE. RBI’s approval is subject to compliance with the relevant provisions of the Banking Regulations Act, 1949, RBI’s Master Direction and Guidelines on Acquisition and Holding of Shares or Voting Rights in Banking Companies dated January 16, 2023 (as amended from time to time), provisions of the Foreign Exchange Management Act, 1999, regulations issued by the Securities and Exchange Board of India, and any other statutes, regulations, and guidelines, as applicable, the filing noted. The headquarters of India’s HDFC Bank is pictured in Mumbai, India.(Reuters) The central bank said that HDFC Bank needs to acquire major shareholding within one year from February 5, 2024. The approval will stand cancelled if HDFC fails to do the same. HDFC Bank will need to ensure that its holding in IndusInd Bank does not exceed …