Everything in IndusInd Bank is probably not good. A disturbance of about Rs 1,600 crore has been caught in the bank's accounts. The effect of this was that the bank's share price fell 27 percent in a single day. Will the bank's share price go down now?
Tomorrow, when the stock market will open after about 3 days, will IndusInd Bank shares go even further? This question remains a big tension for many people. The reason for this is the big disturbance of accounts in IndusInd Bank, due to which its stock price broke 27 percent in a single day before the market was closed.
An separate account of whatever transaction is done in IndusInd bank foreign currency is kept. In this account, a disturbance of over valuation of about Rs 1,600 crore has been found. For this, the bank had conducted an internal survey. When he sent the report of this survey to the stock market, there was a panic among the investors, as this amount is equal to 2.35 percent of the total net worth of the bank. After this, investors started selling bank shares, causing its share price to crash.
IndusInd Bank has started a forensic audit to overcome this disturbance. At the same time, the Reserve Bank of India (RBI), the regulator of banks, has also advised IndusInd Bank to remove this disturbance by the end of this month. In such a situation, this problem can be solved quickly. On the other hand, the RBI has also assured the customers of the bank that their savings in the bank will remain intact. There is no crisis on this. The bank's capital base is sufficient according to the regulatory rules. Anyway, there is nothing to do with customers directly to the mess.
After this revelation, RBI has questioned the corporate governance of IndusInd Bank. At the same time, the leadership of the bank's CEO Sumant Kathpalia has also been questioned. According to the news of ET, IndusInd Bank may have to face many scrutiny from regulators in the coming time. Its impact can be seen in the bank's stock price in the stock market.
At the same time, the board of directors of the bank can also adopt the path of major changes at the leadership level. In such a situation, investors will be a little conscious about the stock of the bank. At the same time, the global brokerage firm CLSA had also recently cut the bank's share price target by up to 30%. Well, this price cut has been seen in the bank's stock in a single day. Whereas in 2025, the bank has estimated a decrease of up to 25 percent in the bank's income.
