IndusInd Bank stock plunges 25% to 52-week low due to accounting discrepancies, 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 portf

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 caused a panic among investors, resulting in a sharp decrease in the stock's worth. The bank could potentially face financial implications of around ₹2,000 crore due to this development, raising apprehensions about inadequate governance and internal monitoring systems, consequently impacting the overall trust in the banking sector.