India's IndusInd Bank slumps 20% as derivative accounting gap could hurt earnings
By Nandan Mandayam and Siddhi Nayak (Reuters) -Shares of Indian private lender IndusInd Bank slumped an exchange-allowed maximum of 20% on Tuesday, a day after it reported discrepancies in derivatives accounting in its books that analysts said could result in a one-time hit to earnings.
Derivative accounting issues may not be limited to IndusInd Bank, says Abizer Diwanji
While this issue has raised fresh concerns, transparency and better financial controls can help banks maintain investor trust in the long run.
BL Explainer: IndusInd’s derivative accounting: Decoding the discrepancies
IndusInd Bank’s recent stock price crash has left investors puzzled. We take a closer look at the issues involved
IndusInd Bank says its net worth to take 2.35% hit on discrepancies in derivative accounts
By Siddhi Nayak MUMBAI (Reuters) -Indian private lender IndusInd Bank said on Monday it expects a 2.35% decline in its net worth as of December 2024 due to discrepancies in its derivative accounts found during an internal review.
IndusInd Bank stock tanks 23 pc; hits 52-week low
Falling for the fifth straight day, shares of IndusInd Bank tanked 23 per cent in the morning trade on Tuesday after the private sector lender reported some discrepancies in its derivatives portfolio
IndusInd Bank faces a 2.35% net-worth erosion. What does it mean? EXPLAINED
IndusInd Bank's shares dropped 23% on March 11 after revealing ₹1,530 crore lapses in its derivatives portfolio, potentially affecting its net worth by 2.35% by December 2024. The bank's net worth was ₹65,
IndusInd Bank Net Worth Discrepancies: Brokerage Cuts Target Price by 22% - Details
Shares of IndusInd Bank fell roughly 4 percent following the bank's previous analyst call on March 10, 2025, during which it disclosed significant accounting irregularities in its foreign exchange derivatives business.
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