Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Investors bleed in IndusInd crash
Financial Express Mumbai
|March 12, 2025
A DAY AFTER IndusInd Bank disclosed a ₹1,580-crore discrepancy in its derivatives portfolio, the lender's shares plunged 27%, marking its biggest single-day fall on Tuesday. This crash led to a market capitalisation erosion of over ₹19,000 crore and a ₹5,500-crore notional loss for mutual funds.
With an m-cap of ₹51,102 crore at Tuesday's close, IndusInd Bank has now slipped to the sixth-largest lender position with its valuation falling below Yes Bank's ₹51,357 crore. Ashok Hinduja, the promoter of IndusInd Bank, tried to calm the nerves of investors, saying that the financials remain healthy. "If additional capital is needed, promoters and long-term global investors, who have been with the company for 30 years are committed to supporting it," he told TV channels.
This story is from the March 12, 2025 edition of Financial Express Mumbai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Mumbai
Financial Express Mumbai
How a travel writer became Timothée Chalamet's ping-pong nemesis
For Pico Iyer, making his acting debut in the hit movie Marty Supreme was the latest journey in a life full of unexpected voyages
5 mins
January 25, 2026
Financial Express Mumbai
A metabolic health crisis
Simplifying insulin resistance, a clinically significant condition that acts as a root cause for type 2 diabetes, obesity, and more
5 mins
January 25, 2026
Financial Express Mumbai
Warming up to wine
Amid increasing climate uncertainty, India is ensuring that the next chapter of its wine story is shaped as much by resilience and innovation as by its terroir
6 mins
January 25, 2026
Financial Express Mumbai
‘US taken oil from seized Venezuelan tankers’
THE UNITED STATES has taken the oil that was on seized Venezuelan tankers and will process it in US refineries, President Donald Trump said in a New York Post interview that was published on Saturday.
1 min
January 25, 2026
Financial Express Mumbai
SNOWFALL IN HIMACHAL PRADESH 600 roads blocked even as snow attracts tourists
WHILE TOURISTS ARE rejoicing over fresh snowfall in Himachal Pradesh, local residents, farmers, and orchardists are pinning long-term hopes on a good tourism season and a productive agricultural year.
1 mins
January 25, 2026
Financial Express Mumbai
How to plan a Caribbean getaway amid travel chaos
The recent military operation in Venezuela disrupted vacations to popular destinations. Here are tips for buying travel insurance and protecting your trip
2 mins
January 25, 2026
Financial Express Mumbai
US pushes for quickest fixes to boost Venezuela oil output
THE US IS in talks with Chevron, other crude producers and the world’s biggest oilfield service providers about a plan to quickly revive output in Venezuela at a fraction of the estimated $100 billion cost for a complete rebuilding.
1 mins
January 25, 2026
Financial Express Mumbai
A new robotic hand that can do what a human one can't
Researchers have designed a detachable hand that can grip multiple objects
3 mins
January 25, 2026
Financial Express Mumbai
INDIA'S STARTUP SAFETY NET
At a time when founders are finding it increasingly difficult to secure early backing, incubators & venture studios are playing a more visible role
5 mins
January 25, 2026
Financial Express Mumbai
Cross-badging woes for Suzuki and Toyota
SHRINKING DOMINANCE
1 min
January 25, 2026
Listen
Translate
Change font size