Mumbai: Indesind bank The stocks on Tuesday recorded a 27% decline, which was the fastest decline in its history – the market price was at a distance of Rs 19,000 crore. Fall after the bank disclosure 2,100 crore derivative accounting discrepancyTotal value deduction of 2.4%. The stock was the lowest since 2020, making it the worst artist of Nifty 50 in a year.
Markets feared that the price of bank shares would fall sharply margin Call For promoters-IndusInd International Holdings-based in Moricus-he has promised about half of his holdings in the form of end-December 2024. Other shares Small private bank – Bandhan Bank and RBL fell 5% and 2.7% respectively, as the investor Bhavna became careful.
Concern at governance intervals
In an analyst call on Monday evening, the bank’s MD and CEO Sumant Kathpal said that the subsequent tax impact of the derived loss would be around Rs 1,530 crore (2.35%of the total assets of the bank). According to Kathpalia, the bank Capital adequacy And the profit was enough to absorb the hit. However, market governance intervals, risk management flaws and regulatory investigations were concerned.
According to a research report by McCery, IIHL has a stake in the IndusInd Bank, with about 7.7% of the total outstanding shares and 50.9% of their stake. In 2021, the loan of Rs 3,088 crore was initially at the top on December 20, 2024, leading to the value of the published stake from Rs 4,967 crore to Rs 5,554 crore. According to McCweri, at the price of a share of Rs 600, promoters will have to pledge 80% of their holding to provide margin for their loan.
“In our view, clearly a significant belief is a deficit and speaking to investors, they are going to be a long process that is going to change the management here to restore credibility and trust. So unfortunately, the recovery of income will no longer matter because investors do not rely on the balance sheet, internal processes and compliance, ”Suresh Ganpati of McWery said in his report.
Meanwhile, IndusInd Bank has hired PWC India for an independent review, which is expected until April 2025.
I am a passionate digital marketer, content writer, and blogger. With years of experience in crafting compelling content and driving digital strategies. I’m always exploring new trends, optimizing strategies, and creating content that resonates with audiences. When I’m not working, you’ll find me diving into the latest digital marketing insights or experimenting with new blogging ideas.