Prøve GULL - Gratis
IndusInd hits trust deficit wall
Mint Ahmedabad
|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.
Denne historien er fra March 12, 2025-utgaven av Mint Ahmedabad.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Mint Ahmedabad
Mint Ahmedabad
Rani Kapur challenges family investment body meet in SC
Petition triggered by a notice calling for board meeting of Raghuvanshi Investment Pvt. Ltd
2 mins
May 13, 2026
Mint Ahmedabad
The human face: prime currency of virtual empires
An entire online attention economy has been built around the pull of the human face. Is it sustainable, or is it unnatural?
6 mins
May 13, 2026
Mint Ahmedabad
Musk's Grok is losing ground in AI race
his AI startup, trying to catch up in the AI arms race. He personally oversaw the design of a racy chatbot. Grok also offered settings that let users create suggestive and sexualized content that former employees said spurred engagement.
2 mins
May 13, 2026
Mint Ahmedabad
Ventive plans ₹2,000 crore luxury push
Ventive Hospitality is positioning itself at the centre of India's luxury travel boom with ₹2,000 crore expansion pipeline spread over five years, which includes a new Soho House in Delhi's Qutub area and the potential addition of The Ritz-Carlton Bangalore to its portfolio.
2 mins
May 13, 2026
Mint Ahmedabad
SBI eyes $2 billion global debt raise
The State Bank of India’s board has approved a plan to raise up to $2 billion in long-term funds this fiscal year through overseas bond issuances, the lender said in a press release on Tuesday.
1 min
May 13, 2026
Mint Ahmedabad
Govt draws up plan to check onion prices
In a bid to tame recurring onion price shocks and improve farmer incomes, the Centre is working on a plan to help states locally procure and scientifically store the politically-sensitive crop in the producing regions, two people aware of the matter said.
1 mins
May 13, 2026
Mint Ahmedabad
NEET-UG cancelled; CBI to probe paper leak allegations
Questions had been available with some people two days before the exam
1 mins
May 13, 2026
Mint Ahmedabad
US and Iran are locked in a stalemate that's neither peace nor war
The two sides are far apart from a deal but also don’t want to resume fighting
5 mins
May 13, 2026
Mint Ahmedabad
Dixon, Syrma SGS project strong FY27 revenue growth
Dixon Technologies and Syrma SGS, India’s top two listed electronics manufacturers, said they expect growth in the technology markets to remain resilient in FY27, despite rising memory chip costs, increased shipping prices and muted demand due to the West Asia conflict.
2 mins
May 13, 2026
Mint Ahmedabad
A FORD ROADMAP FOR DEEPENING TRUMP, XI TIES
For its $3 billion battery park, Ford linked up with CATL, the Chinese behemoth that leads the world in battery tech
8 mins
May 13, 2026
Listen
Translate
Change font size