IndusInd Bank Shares Plunge 20% Amid Derivatives Portfolio Discrepancies

IndusInd Bank shares crashed 20% on March 11 after reporting discrepancies in its derivatives portfolio, potentially impacting profits by ₹1,500 crore. The bank estimates a 2.35% hit on net worth and has appointed an external agency for review. Analysts downgraded the stock, citing concerns over credibility and earnings.