Stock to watch: IndusInd Bank shares to be in focus on Monday; Here’s why

Shares of IndusInd Bank have tumbled 33 per cent in March and 29 per cent year-to-date (YTD). IndusInd is India’s fifth-largest private lender. On March 10, it disclosed that its derivatives portfolio was overvalued by around 2.35 per cent – after non-compliant internal trades. It noted discrepancies in its derivatives portfolio, which could result in a one-time loss of 2,000 crore in the March quarter.

  • Aniket Pujari

    Aniket Pujari

    Aniket Pujari, a graduate in Financial Markets, is the founder of Minute To Know News, a digital platform providing daily news updates on cryptocurrencies, finance, and economics. With a passion for finance and technology, Aniket has been exploring the world of cryptocurrencies since 2015, building a deep understanding of these rapidly evolving industries.

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