IndusInd Bank shares crash 20% after lender reveals discrepancies

IndusInd Bank's shares tanked 20% on Tuesday after the bank disclosed discrepancies in its derivatives portfolio, adversely affecting 2.35% of its net worth. The decline wiped off over ₹14,000 crore from the bank's market value, according to NDTV Profit. Multiple brokerages downgraded the stock and cut target prices, citing "loss in credibility" of the bank.