Magzter GOLDで無制限に
10,000以上の雑誌、新聞、プレミアム記事に無制限にアクセスできます。
試す 金 - 無料
IndusInd hits trust deficit wall
Mint New Delhi
|March 12, 2025
Severe blow The IndusInd Bank stock has significantly underperformed the Nifty Bank index in the past six months.
It takes years to build trust, but just seconds to break it. No one knows this better than IndusInd Bank Ltd's investors as they see the bank's stock crumble amid back-to-back negative developments.
On Monday, after market hours, the private sector lender informed the stock exchanges about discrepancies in its derivatives portfolio. This pertains to transactions done in the past 5-7 fiscal years (FY24 and earlier). Investors dragged the stock down more than 25% on Tuesday.
"A negative derivatives' disclosure has the potential to unnerve investors more than a back-dated NPL disclosure," wrote Nuvama Research analysts in a 10 March report.
IndusInd's internal review estimates an impact of 2.35% on its net worth as of December due to the discrepancies. This would mean a post-tax earnings impact of ₹1,600 crore.
このストーリーは、Mint New Delhi の March 12, 2025 版からのものです。
Magzter GOLD を購読すると、厳選された何千ものプレミアム記事や、10,000 以上の雑誌や新聞にアクセスできます。
すでに購読者ですか? サインイン
Mint New Delhi からのその他のストーリー
Mint New Delhi
The words we aren't using
Listen. That's all I did one afternoon at the Museum of Art and Photography in Bengaluru last week.
1 mins
November 29, 2025
Mint New Delhi
Former DBS CEO is Temasek India's new non-exec chair
Piyush Gupta, the former chief executive of DBS Group, has joined Singaporean state-owned multinational investment firm Temasek as India chairman, albeit in a non-exec role, and will work with Ravi Lambah, head of India and strategic initiatives, the firm said. He will join on 1 December.
1 mins
November 29, 2025
Mint New Delhi
Apple's 5th India store to open in Noida soon
Apple announced on Friday it will open its fifth retail store in India on 1 December in Noida's DLF Mall of India—marking its second store in the National Capital Region after Delhi, which opened in April 2023.
1 min
November 29, 2025
Mint New Delhi
120 ways of cooking your vegetables
Restaurateur Camellia Panjabi's new cookbook is a deep dive into the country’s vast and varied vegetarian cuisine
4 mins
November 29, 2025
Mint New Delhi
Tiramisu is trending and nobody is complaining
Tiramisu, tiramisu latte, rasgulla tiramisu, masala chai tiramisu, tiramisu tres leches—it seems like almost every café or restaurant across the country has some version of the Italian dessert on its menu.
4 mins
November 29, 2025
Mint New Delhi
Former DBS CEO is Temasek India’s new non-exec chair
Piyush Gupta, the former chief executive of DBS Group, has joined Singaporean state-owned multinational investment firm Temasek as India chairman, albeit in a non-executive role, and will work with Ravi Lambah, head of India and strategic initiatives, the firm said, He will join on 1 December.
1 mins
November 29, 2025
Mint New Delhi
Everything that’s wrong with India’s development story
This new book inquires into the conditions under which India has tried to develop in the past 75-plus years
4 mins
November 29, 2025
Mint New Delhi
Two women navigate love and politics in Mumbai
This novel's charm lies less in plot twists and more in the lived-in world of the millennial women it depicts accurately
3 mins
November 29, 2025
Mint New Delhi
Art Deco feels in Indian fashion
The 100-year-old style has inspired design worldwide. Why doesn't it have a big presence in Indian fashion?
4 mins
November 29, 2025
Mint New Delhi
India hopes to seal US reciprocal tariff pact by end of Dec
India is looking to finalize a framework agreement on reciprocal tariffs with the US by the end of this year, said commerce secretary Rajesh Agrawal, marking a significant step toward resolving the strained bilateral trade between the two countries.
1 mins
November 29, 2025
Listen
Translate
Change font size