Gå ubegrenset med Magzter GOLD
Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare
Prøve GULL - Gratis
IndusInd hits trust deficit wall
Mint Kolkata
|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 Kolkata.
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 Kolkata
Mint Kolkata
How EVs came to dominate 3-W market
Of the 1.1 million three-wheelers sold in India this calender year (as of 24 November), more than 687,000, or about 60%, were electric vehicles (EVs), compared with a measly 4.1% for cars and 6.2% for two-wheelers, government data showed.
2 mins
November 26, 2025
Mint Kolkata
1st privately built PSLV near lift-off
India's first privately built polar satellite launch vehicle (PSLV) is expected to have its maiden commercial flight before the end of the financial year, marking a giant leap in the country’s ambition to foster a private space economy.
1 min
November 26, 2025
Mint Kolkata
Fed chair Powell's allies provide opening for December rate cut
A divided committee, missing data and a whiff of stagflation leave Powell with hard choices
4 mins
November 26, 2025
Mint Kolkata
THE REAL TAX MATH AND LEGAL PITFALLS OF CHOOSING TO WORK AS A CONSULTANT
Many employees believe they will be financially better off working as consultants than staying on payroll, due to perceived tax savings. But how accurate is this belief, and what risks arise if an employee is reclassified as a consultant?
3 mins
November 26, 2025
Mint Kolkata
Tata Motors PV brings back Sierra to rival Creta, Vitara
Firm revives the iconic model after 22 years to push into the crowded mid-size SUV market
2 mins
November 26, 2025
Mint Kolkata
Sovereign Al takes off as countries try to avoid overdependence on superpowers
As China and the U.S. race to dominate artificial intelligence, countries are increasingly wary of becoming overly dependent on the superpowers for a technology that could profoundly affect their economic competitiveness and national security.
1 mins
November 26, 2025
Mint Kolkata
TechM lags peers but sticks to its turnaround timeline
Co. expects revenue growth to rise as macroeconomic conditions improve by March 2027
3 mins
November 26, 2025
Mint Kolkata
Wipro to enter pet foods with ‘HappyFur’
Wipro Consumer Care and Lighting, the consumer venture of Wipro Enterprises, is set to enter India’s fast-growing pet food market with a new brand, ‘HappyFur’, said three people aware of the plan.
2 mins
November 26, 2025
Mint Kolkata
PPFAS’s new fund to run like an index fund, with an edge
Fund will use futures market discounts, merger opportunities and index-rebalancing tactics
3 mins
November 26, 2025
Mint Kolkata
Al nostalgia has a new generation loving the 1980s
The baffling popularity of Al-generated 80's videos and other news this week
1 min
November 26, 2025
Listen
Translate
Change font size