Induslnd Bank Limited has been in focus on Tuesday. On March 11, 2025, Induslnd Bank share price opened at ₹810.45, down from its previous close of ₹900.50. At 9:41 AM, the share price of Induslnd Bank was trading at ₹765.40, down by 15.00% on the NSE. Notably, the stock price touched its 52-week low at ₹765.40, today.
On March 10, 2025, IndusInd Bank disclosed to the stock exchanges regarding a one-time impact on its net worth due to discrepancies identified in its derivative portfolio.
The bank noted that following an internal review of processes post-implementation of the RBI’s 2023 guidelines on investment portfolio classification and derivative accounting, discrepancies in account balances were observed. The estimated impact of these discrepancies is ~2.35% of the bank’s net worth as of December 2024.
To ensure transparency, IndusInd Bank has appointed an external agency to review and validate its internal findings. While the final report is awaited, the bank has assured stakeholders that its profitability and capital adequacy remain robust, allowing it to absorb this impact without significant distress.
On March 7, 2025, IndusInd Bank announced that the Reserve Bank of India (RBI), through a letter dated March 6, 2025, has approved the re-appointment of Mr. Sumant Kathpalia as the Managing Director & CEO of the bank for an additional one-year term, effective from March 24, 2025, to March 23, 2026.
IndusInd Bank Limited, established in 1994 as a commercial bank under the Banking Regulation Act, 1949, is a publicly held entity offering a diverse range of banking products and financial services. It caters to both corporate and retail clients while also managing treasury operations. The bank operates across India, including at International Financial Service Centres (IFSCs) within the country.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Mar 11, 2025, 9:48 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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