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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Tariffs on Steel and Aluminum Products, Including Derivative Products, Come into Effect
Tariffs of 25% on steel and aluminum mill products from all sources, imposed under Section 232 of the Trade Expansion Act of 1962, went in effect ...
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RBI reviewing derivative positions of banks after IndusInd's forex fiasco
After the discrepancies were revealed, IndusInd Bank's stock fell over 27%. Chairman Ashok Hinduja assured investors that he ...
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Celanese Announces Vinyl Acetate Monomer (VAM) and Derivatives Price Increases in the Western Hemisphere
Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, is increasing prices for its vinyl ...
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Commerce Issues Required Certification; Section 232 Tariffs Now in Effect for All New Derivative Products
As previously reported, on February 10, 2025, President Trump issued Proclamations 10895 and 10896, making significant changes to the ...
RBI starts industry-wide review of derivative positions after IndusInd Bank fiasco
The RBI wants to ascertain if more banks are in non-compliance of its derivative trade rules and also wants to compliance on ...
Celanese Raising Prices for VAM and Derivatives in Western Hemisphere
Chemical and specialty materials company Celanese said it was raising prices for vinyl acetate monomer, vinyl-based emulsions, redispersible powders and other derivative products in the Western ...