Indusind Bank share price relieved after external report £ 1.979 crore of 'negative impact' in derivative portfolio | Einsmark news

Indusind Bank share price relieved on Wednesday after the lender received the external agency report on the contradictions found in its derivative portfolio. Indusind Bank, a private money shooter, said the external agency audit report shows an ‘negative impact’ of the net worth of the bank of $ 1.979 due to the derivative contradictions. “The bank has since received the report from the external agency on April 15, 2025, which identified the contradictions, among other things, with regard to derivative transactions. The report quantified the negative impact of the above on June 30, 2024 at INR 1979,” said Indusind Bank. Based on the report, Indusind Bank assessed a detrimental impact (on an after-tax base) of 2.27% on the net worth of the bank on December 2024 because of these contradictions. “The bank will reflect appropriately in the resulting impact in the financial statements for FY 2024-25 and continue to take suitable steps to increase the internal controls regarding the banking accounting operations of the bank,” he added. Meanwhile, the impact on the net worth of Indusind Bank is lower than rating RBI of approximately £ 2,000 crore. On March 10, 2025, the private lenders announced that he noticed certain contradictions in accounts’ balances of his derivative portfolio. The internal overview by the bank estimated a negative impact of about 2.35% of its net worth on December 2024. The Reserve Bank of India (RBI), in a statement on March 15, ensured clients of Indusind Bank that the private lend shooter ‘remains’ well -capitalized’, with a ‘satisfying’ financial position. Indusind Bank Stock Price Trend Indusind Bank share price rose 10% within one month and fell by 24% within three months. The shares of the private lender shooter fell by 45% within six months. Over the past one year, Indusind Bank shares have dropped by 50%, while Indusind bank shares dropped by 34%in two years. At 09:17 o’clock, Indusind bank shares traded 0.03% lower at £ 735.65 on the BSE. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, and not of currency. We advise investors to check with certified experts before making investment decisions. First Published: 16 Apr 2025, 09:20 am Ist