Mumbai: The country's fifth largest private lender IndusInd Bank saw its shares plummet nearly 27 per cent on Tuesday after it reported a massive discrepancy in the forex derivative portfolio ...

MUMBAI: Within days of the fiasco at Indusind Bank’s forex derivatives imploding with a Rs 2,000-crore likely hit on its bottom-line, the Reserve Bank (RBI) asked all banks with large forex ...

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Having a diversified portfolio that comprises retail loans, credit cards, corporate lending, and forex services, IndusInd Bank has been identified as an institution with innovative banking solutions.

IndusInd Bank has identified valuation losses in its forex derivative contracts that could impact its net worth by up to 2.4%, or around Rs 1,530 crore. The bank has assured that the losses ...

IndusInd Bank's shares plummeted 20% to a 52-week low of Rs 720.50 due to discovered accounting irregularities in its forex derivatives portfolio. Several brokerages downgraded their ratings ...

A day earlier, the IndusInd Bank stock crashed over 27 percent after the lender said in an exchange filing that it found some discrepancies in its forex derivative portfolio, which could impact 2 ...