IndusInd Bank Share Price Live Updates: IndusInd Bank saw its shares plummet by 20% on Tuesday, following the announcement of discrepancies in its derivatives accounting, which analysts believe will hit the bank’s earnings.
On Monday, IndusInd Bank revealed that it had underestimated hedging costs related to some past foreign exchange transactions, resulting in a 2.35% reduction in its net worth as of December 2024, though further details were not provided.
The bank’s shares hit their lowest point since November 2020 and were on track for their largest drop since March 2020, according to a Reuters analysis.
Apr 17 2025
