The review was conducted after the master directions of the Reserve Bank of India (RBI) on the derivative portfolio of the lender issued in September 2023. The review was related to ‘other property and other responsibilities’, and some of the lender’s discrepancies were noted in the balance of this account.
RBI Master Direction – Classification, Valuation and Investment Portfolio of Commercial Banks (Directions), 2023 April 1, 2024.
“The bank’s detailed internal review estimates the adverse effect of about 2.35% of the bank’s net value by December 2024. The bank has appointed a reputable external agency to independently review and validate parallel, internal findings.
However, the Industries Bank said its profitability and capital adequacy remain healthy to absorb this one -time impact.
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A bank board was found on Monday after the market hours to discuss the issue and filing was done after the conclusion of the meeting.
Friday’s closed price is Rs. Shares of Indusined Bank ended at Rs 901.95 today on the NSE below 34.80 or 3.71%.
The stock market has been a legard and has dropped 47% in the previous 1-year. Its decline in 2025 is 7%.
The bank declined by 39% of its single net profit in its December quarter, reported in the year ago. However, the profit after tax (PAT) was ahead of the street estimates of Rs 1,282 crore.
Net interest income (NII) was worth Rs 5,228 crore, which is below 5,296 crore in Q3FY24. The net interest margin has dropped from 4.29% in Q3FY24 and 4.08% in Q2FY25 to 9.93%.
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