IndusInd Bank shares tanks 23%; hits 52-week low after discrepancies in its derivatives portfolio

An illuminated signboard of IndusInd Bank is seen outdoors one among its branches, in New Delhi. File
| Photo Credit: Reuters

Falling for the fifth straight day, shares of IndusInd Bank tanked 23% in the morning commerce on Tuesday (March 11, 2025) after the personal sector lender reported some discrepancies in its derivatives portfolio.

On the BSE, the inventory of IndusInd Bank slumped 22.8% to hit the decrease circuit at ₹695.25 per piece, additionally its 52-week low.

The scrip of the corporate plummeted 21.67% to hit a 52-week low of ₹705.35 apiece, on the National Stock Exchange (NSE).

The inventory emerged as the key laggard on the 30-share BSE Sensex.

The market benchmark indices are buying and selling in the purple zone, with the BSE Sensex declining by 255 factors or 0.34% to 73,860.17. The Nifty of NSE fell by 47.65 factors or 0.21% to 22,412.65.

In a regulatory submitting on Monday (March 10, 2025), IndusInd Bank mentioned that in an inside assessment of processes referring to the derivatives portfolio, it famous some discrepancies in the account balances.

Mumbai-based IndusInd Bank’s detailed inside assessment has estimated an adversarial impression of roughly 2.35% of financial institution’s web value as of December 2024, the corporate mentioned in a press release.

The assessment was undertaken following RBI’s instructions on funding portfolio of lenders, issued in September 2023, referring to ‘Other Asset and Other Liability’ accounts of the portfolio.

According to specialists, this might doubtlessly impression IndusInd Bank’s web value by ₹1,500 crore.

Following this disclosure, IndusInd Bank held an analyst name and mentioned that an exterior auditor is reviewing the matter, with a report anticipated by the tip of March 2024.

However, IndusInd Bank clarified that the profitability and capital adequacy stays wholesome to soak up this one-time impression.

On Monday (March 10), IndusInd Bank’s shares ended practically 4% decrease after the Reserve Bank of India’s (RBI) resolution to increase the incumbent CEO’s time period to at least one yr towards three years that was sought by the personal sector lender.