At 10 am, the bank’s shares were down 19.05% or by ₹171.55, trading at ₹729.05 on the Bombay Stock Exchange (BSE).

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The bank had announced in its exchange filing dated March 10, 2025, that “During internal review of processes relating to Other Asset and Other Liability accounts of the derivative portfolio,” it “noted some discrepancies in these account balances.”

As a result, it has estimated an adverse impact of approximately 2.35% of the bank’s net worth as of December 2024.

IndusInd Bank has also appointed a “reputed external agency” to independently review and validate the internal findings.

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The bank is awaiting a final report of the external agency, based on which it will appropriately consider any resultant impact in its financial statements.

IndusInd Bank also mentioned in its filing that its “profitability and capital adequacy remains healthy to absorb this one-time impact.”

All of this comes almost a year after the implementation of Reserve Bank of India’s (RBI) Master Direction – Classification, Valuation, and Operation of Investment Portfolio of Commercial Banks (Directions), 2023, issued in September 2023, and applicable from April 1, 2024.

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