- March 11, 2025 09:43
IndusInd Bank stock live: More than halves
Shares of IndusInd tumbled 15% on the NSE to ₹765.40, falling over 50 per cent from 52-week high recorded at ₹1,576.35.
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(NSE data as at 9.42 am)
- March 11, 2025 09:40
IndusInd share price live:
The disclosure came amid negative market commentary around IndusInd Bank’s stocks. Analysts have cut the target price on IndusInd Bank’s shares after the Reserve Bank of India (RBI) approved re-appointment of MD, CEO Sumant Kathpalia only for one-year as against the bank board’s recommendation of three years. This is the second time that the RBI did not approve a three-year term for Kathpalia.
- March 11, 2025 09:39
IndusInd shares today live: IndusInd Bank estimates ₹1,530 crore adverse impact due to discrepancies in derivative portfolio
Private sector lender IndusInd Bank said it has noted some discrepancies in its derivative portfolio, which could lead to an adverse impact on its net worth by ₹1,530 crore. The Bank’s net worth stood at ₹65,102 crore as of December 2024.
“During internal review of processes relating to Other Asset and Other Liability accounts of the derivative portfolio, post implementation of RBI Master Direction – Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2023 issued in September 2023, including accounting of Derivatives, applicable from April 1, 2024, Bank noted some discrepancies in these account balances,” the lender said.
“Bank’s detailed internal review has estimated an adverse impact of approximately 2.35 per cent of Bank’s Net worth as of December 2024. The Bank has also, in parallel, appointed a reputed external agency to independently review and validate the internal findings,” it said, adding that the lender’s profitability and capital adequacy remain healthy to absorb this one-time impact.
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