IndusInd Bank's shares plummeted over 22% to a four-year low following the revelation of accounting discrepancies related to forex derivatives. The bank reported a potential one-time earnings hit estimated between ₹1,500 crore to ₹2,000 crore due to underestimations in hedging costs from past forex transactions. This issue, identified between September and October 2024 after new fiscal regulations took effect in April 2024, has raised concerns about the bank's internal controls and financial health. Analysts anticipate a significant impact on the bank's 2024-25 earnings, with some downgrading the stock's rating. The bank has experienced a 46% stock decline since an earnings miss in late October. Follow Bull and Bear School and Finance Lens on Instagram for more market insights.

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