The bank first flagged the issue on 10 March 2025, and was quick to initiate both internal and external reviews. In its latest statement, IndusInd said it would reflect the impact in FY25 financials and strengthen internal controls to prevent future lapses in derivative accounting operations. Investors welcomed the bank’s transparency and timely disclosures.

The stock’s rebound was also aided by value buying. After months of underperformance—down 43% in six months and nearly 49% over a year—bargain hunters returned, finding the bank’s current valuation too attractive to ignore.

IndusInd Bank offers a wide range of products and services for individuals and corporates, including microfinance, personal loans, personal and commercial vehicle loans, credit cards and SME loans.

The bank’s standalone net profit declined 39% to Rs 1,401.28 crore while total income increased 8.5% YoY to Rs 15,151.01 crore in Q3 FY25 over Q3 FY24.