IndusInd Bank shares plunge 27%, erase Rs 19,000 crore in market value

Quick Summary:

IndusInd Bank shares dropped 27% to Rs 656, erasing Rs 19,000 crore in market value due to a Rs 2,100 crore derivatives accounting discrepancy.

The bank's net worth decreased by 2.4%.

Concerns about governance and risk management led to investor worry, affecting other small private banks like Bandhan Bank and RBL.

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Article Details

Author / Journalist: TNN

Category: EconomyBusiness

Markets: IndiaMauritiusOman

Topics: Small private banks IndusInd Bank market capitalization Rs 2 IndusInd Bank Financial governance PwC India review Capital adequacy Macquarie research report 100 crore derivatives accounting discrepancy Business news Margin calls

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-12 @ 04:16:42 (17 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 604 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 26903038

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About Times of India

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Official Website: timesofindia.indiatimes.com

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Year Established: 1838

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