IndusInd Bank: Crashes 26% Due to Derivatives Issue

IndusInd Bank- Q2 Profit Drops 40%

IndusInd Bank shares plunged 26% to a 52-week low of ₹666.25 after reporting discrepancies in its derivatives portfolio. The bank estimated a 2.35% hit to its net worth, potentially impacting ₹1,500 crore. An external audit is underway, with findings expected by the end of March. Despite this setback, the bank assured investors of strong profitability and capital adequacy. Investor sentiment remains weak amid regulatory scrutiny.

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