IndusInd Bank: Hit to net worth pegged at Rs 2k crore
Wednesday, 16 April 2025 () IndusInd Bank disclosed that an external review quantified the impact of discrepancies in its derivatives portfolio, resulting in a Rs 1,979 crore hit to its net worth as of June 2024. This translates to a 2.27% reduction by December 2024. Following initial reports of derivative losses, the bank's stock experienced significant volatility, although it rallied nearly 7% on Tuesday.
IndusInd Bank's net advances for the quarter ended March 2025 rose 1.4% year-on-year to Rs. 3.48 lakh crore, though they declined 5.2% from the previous quarter.... IndiaTimes
Wednesday, 16 April 2025 ()
