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.

    Related Posts

    Indira IVF Hospital IPO: Fertility clinic chain scraps plans to launch public issue, withdraws draft papers

    Fertility clinic chain Indira IVF Hospital has withdrawn its draft IPO papers, which were filed through the confidential route, an update with markets regulator Sebi showed on Tuesday. The confidential…

    Shiba Inu burn rate: Decentralized meme crypto coin burns 1 billion tokens, mystery wallet fuels rally; do you own?

    The Shiba Inu (SHIB) burn rate has experienced a staggering 8,470% surge after an anonymous wallet carried out a massive token burn. According to data from Shibburn, a well-known community…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Jim Cramer’s top 10 things to watch in the stock market Tuesday

    Trump ‘drill’ agenda could cut profits, test oil producers

    Trump ‘drill’ agenda could cut profits, test oil producers

    SAP becomes Europe’s most valuable firm amid German stock boom

    SAP becomes Europe’s most valuable firm amid German stock boom

    This home improvement stock could see a rebound. An options trade to take advantage

    Mt Gox Makes Another Billion-Dollar Bitcoin Move, More Payouts on the Way?

    Mt Gox Makes Another Billion-Dollar Bitcoin Move, More Payouts on the Way?

    KULR boosts Bitcoin holdings to 668 BTC, reports 181.1% yield

    KULR boosts Bitcoin holdings to 668 BTC, reports 181.1% yield