- Sharp Decline: IndusInd Bank’s share price has dropped 30% in recent trading sessions due to reported accounting discrepancies in its derivatives portfolio.
- Leadership Concerns: The bank’s MD received only a one-year extension instead of the usual three years, raising investor concerns.
- Financial Impact: The accounting gap has resulted in a net worth hit of ₹15 billion, further fueling market uncertainty.
- Investor Fears: CLSA noted that investors are worried there could be more undisclosed issues.
- Regulatory Action: NSE has placed IndusInd Bank’s stock under Additional Surveillance Measure (ASM) – Stage 1 due to the sharp sell-off triggered by the financial discrepancies.
