IndusInd Bank’s Stock Dives 25% to 52-Week Low Over Derivatives Accounting Issues, Sparking Investor Panic

IndusInd Bank witnessed a significant 25% decline in its shares, hitting a 52-week low, following the disclosure of accounting irregularities in its derivatives portfolio. The revelation instigated widespread investor apprehension, resulting in a sharp decrease in the bank’s stock price. The potential financial impact of approximately ₹2,000 crore has raised alarms regarding the institution’s governance standards and internal monitoring mechanisms, subsequently undermining trust in the banking sector as a whole.

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