March 11, 2025
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(30 Second reading) IndusInd Bank’s share price plunged 27% on March 11, hitting a new 52-week low and triggering three lower circuits on the National Stock Exchange before 10 am. The bank disclosed a 2.35% post-tax impact on its net worth due to a markdown on internal derivative trades related to forex borrowings and deposits. These trades, spanning 5–7 years, were made up until March 31, 2024. This setback follows other challenges, including the CFO’s resignation just before Q3 earnings and the CEO’s reduced one-year extension.
