IndusInd Bank reported in an exchange filing after market hours on April 15, 2025, that an external audit conducted by PwC had uncovered a discrepancy of ₹1,979 crore in its derivative portfolio.
This amounted to a 2.27 per cent post-tax reduction in net worth as of December 2024, slightly lower than the bank’s earlier internal estimate of a 2.35 per cent impact.
IndusInd Bank’s stock jumped 6.8 per cent on Tuesday, ending the day at ₹735.85.
IndusInd Bank shares have faced a sharp decline in recent times due to factors such as weak earnings and the derivative portfolio discrepancy. Over the last one year ending April 15, 2025, the stock price has tumbled by 56 per cent.
Domestic mutual funds have been actively selling the stock over the last year. In just the past month, 35 active equity mutual fund schemes completely exited their positions in the stock, while five new schemes took fresh positions.
Published on April 16, 2025