IndusInd Bank share price: 27% decline in a single day .. This is a common problem bank

Due to the weakness of the US markets, the major stock index overshadowed Sensex and Nifty on Tuesday. By the end of the markets, the stocks of Indus Industries Bank decreased by up to 27.06 percent. Sindhu Industries Bank’s share fell to a low rupee of 52 -Rupay. Touched 653. Part of mutual funds in Indus Industries Bank Rs. The more than 6,000 crores fell. At the same time, stock is almost Rs. 1,000 crores lost.

According to Reuters analysts, bank stocks hit less since November 2020. The biggest decline after March 2020.

Ashok Hinduja, president of Indus Ind International Holdings, said that shareholders should be patient and current challenges are common and there is no need to worry. The shareholders should not be afraid, this is a common problem.

‘This problem will be solved. As we can see, the financial number is very strong. 9 -Month Management Benefits Rs. More than 11,000 crores. In such circumstances, Rs. 1,600 crore is not a shock. These issues are recognized by ownership rather than auditors. The market should appreciate the transparency of the bank in identifying and informing the problem, ”he said.

Why is the stock falling?

After the market ended on March 10, the private sector bank reported some differences in its futures-institution portfolio. This led to a huge decline. IndusInd Bank told the stock market on Monday that some differences have been identified in the internal review of futures-option portfolio.

In a statement, a comprehensive internal review predicted 2.35 percent negative impact on the bank’s total assets by December 2024. As a result, the bank received Rs. There is a possibility of reporting losses after 15,800 crores.