IndusInd Bank share price hits 10% lower circuit, falls to 52-week low after reporting net worth hit of ₹1,500 crore
IndusInd Bank share price plunged 10%, hitting a lower circuit on Tuesday, after the private lender warned about a 2.35% decline in its net worth due to discrepancies in its derivative accounts. IndusInd Bank shares touched a 52-week low of ₹810.55 apiece on the BSE.
IndusInd Bank, the country’s fifth-largest private sector bank, said it expects a 2.35% decline in its net worth as of December 2024 due to discrepancies in its derivative trades, which were not in compliance with rules enforced by the Reserve Bank of India from April 2024.
“Bank’s detailed internal review has estimated an adverse impact of approximately 2.35% of Bank’s Net worth as of December 2024. The Bank has also, in parallel, appointed a reputed external…
