IndusInd Bank Faces $175M Derivative Loss, Shares Plunge 27%

IndusInd Bank Faces $175M Derivative Loss, Shares Plunge 27%

IndusInd Bank has uncovered a $175 million discrepancy in its currency derivatives transactions, significantly impacting earni ngs. This financial misstep has triggered a sharp 27% decline in its stock price, raising investor concerns. Analysts warn of potential regulatory scrutiny as the bank navigates this unexpected crisis. Stay updated for further developments.