New Delhi. IndusInd Bank shares declined by 23 per cent in the morning trading on Tuesday. IndusInd Bank shares reached a 52 -week low with a decline for the fifth consecutive day. The private sector bank had reported some anomalies in its futures and promotion portfolio, which led to a decline.
IndusInd Bank shares fell 22.8 per cent to a low of Rs 695.25 per share on BSE. The company’s stock fell by 21.67 per cent to a 52 -week low of Rs 705.35 per share on the National Stock Exchange (NSE).
The IndusInd Bank on Monday told the stock market that during the internal review of the procedures related to its futures-class portfolio, it found some discrepancies. The bank said in a statement that it had estimated an adverse effect of about 2.35 percent on the bank’s total assets by December 2024 in a detailed internal review.
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