IndusInd Bank - Business Outrank

IndusInd Bank share price has fallen by almost 20% in early trading on March 11, 2025 after the bank found some issues in its derivatives portfolio. As of 10 am, the shares were seen changing hands at ₹729.05 on the Bombay Stock Exchange (BSE), which is down by 19.05 per cent or ₹171.55. The sharp decline came after IndusInd Bank informed in its March 10 exchange filing that an internal review has revealed some discrepancies in the Other Asset and Other Liability accounts of the bank in connection with its derivative portfolio. The bank estimated that the problem would affect its net worth negatively by 2.35% as at December 2024. To this end, IndusInd Bank has invited a big four firm to come in and independently verify the findings of the review. The bank is yet to receive the final report and therefore has not yet made any adjustments to its financial statements. However, it told investors that this is a one-off downside and the bank remains profitable and has sufficient capital to absorb it. This controversy comes about a year after the Reserve Bank of India (RBI) issued new financial rules in the Master Direction – Classification, Valuation and Management of Investment Portfolio of Commercial Banks (Directions), 2023 which took effect from 1st April 2024. The brokers at Axis Securities pointed out that IndusInd Bank shares have touched a monthly low, which is close to the 52-week low. The brokerage also pointed out that there was a 2.1 per cent rise in open interest, which suggests a strong build-up of shorts. Several analysts have also downgraded the stock and cut their price targets, which has only helped the bears.

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