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IndusInd Bank shares crash 20% after lender reveals discrepancies
short by Mansi Agarwal / on Tuesday, 11 March, 2025
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.
read more at NDTV Profit