IndusInd Bank

Mumbai, India

IndusInd Bank is a commercial bank in India engaged in providing a range of banking and financial services. It offers services spanning retail, corporate, and institutional banking, catering to diverse financial needs.

CCI Score

21.38

-0.01% April 18

Latest Event

Deferred Nationwide Bank Strike Following IBA Assurance

Bank unions deferred a planned two-day nationwide strike after receiving assurances from the Indian Banks' Association and the finance ministry on addressing key labor grievances such as implementing a five-day work week, ensuring adequate recruitment, and revising contentious performance directives. This development signals a positive shift in labor relations within the Indian banking sector.

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SABOTEUR

IndusInd Bank is currently rated as a Saboteur.

+10 to +24 CCI Score

Companies in this bracket take more subtle actions to undermine authoritarian practices. They might implement internal policies or support reforms that quietly weaken oppressive systems, contributing to change in less overt ways.

Latest Events

MAR

21

2025

Deferred Nationwide Bank Strike Following IBA Assurance
69.47

Bank unions deferred a planned two-day nationwide strike after receiving assurances from the Indian Banks' Association and the finance ministry on addressing key labor grievances such as implementing a five-day work week, ensuring adequate recruitment, and revising contentious performance directives. This development signals a positive shift in labor relations within the Indian banking sector.
+70

Labor Relations and Human Rights Practices

March 21

The article reports that bank unions deferred their strike following assurances by the IBA and government representatives, reflecting a commitment to address labor demands. This positive development in labor relations is crucial in promoting fair labor practices and protecting worker rights, countering trends that could otherwise support authoritarian management practices in the banking sector.

Bank unions defer 2-day nationwide strike after govt, IBA assurance
MAR

10

2025

IndusInd Bank Accounting Misstatement and Governance Fiasco
-39.57

IndusInd Bank reported a significant accounting misstatement related to derivative transactions, impacting 2.35% of its net worth. This lapse raised serious concerns over corporate governance and transparency, prompting intervention by the RBI and causing market instability.
-40

Business Practices and Ethical Responsibility

March 21

The accounting discrepancy at IndusInd Bank reflects serious lapses in corporate governance and transparency. Such unethical business practices undermine investor trust and weaken regulatory oversight, indirectly eroding the ethical foundation necessary to resist authoritarian influences.

IndusInd Bank fiasco: How could it impact banking sector & is it a stock to buy amid recovery?
SEP

28

2023

IndusInd Bank Appoints Independent Firm to Investigate Derivative Account Discrepancies
34.23

IndusInd Bank has announced its decision to hire an independent firm to investigate discrepancies in its derivative accounts. This move, aimed at ensuring transparency and ethical oversight, reflects a commitment to maintain strong internal governance and uphold business practices that indirectly counter tendencies toward corruption and authoritarian influence.
+40

Business Practices and Ethical Responsibility

March 21

The bank's decision to engage an independent firm for investigating internal discrepancies is a positive signal of ethical self-regulation. While not directly addressing political or overt authoritarian practices, this initiative supports transparency and accountability in financial practices, which is essential for countering systemic abuses that can benefit authoritarian agendas.

IndusInd Bank to appoint independent firm to investigate discrepancies in derivative accounts