BLOG
Relief rally for IndusInd Bank amid clarity on derivative exposure


IndusInd Bank saw a strong rebound this week, gaining over 12% in two days, after PwC’s final report confirmed derivative-related losses at ₹1,979 crore, translating to 2.27% post-tax impact on net worth - slightly lower than earlier anticipation. This came as a relief to the street, as it allays investors fear of losses being significantly higher.
The RBI-mandated forensic audit by Grant Thornton Bharat is still ongoing, and its findings remain a key monitorable. Meanwhile, investor focus now shifts to the upcoming Q4FY25 results as management has guided for a profitable quarter, expected to be supported by utilisation of contingent provisions.
While stress in microfinance portfolio - roughly 10% of the book - is expected to peak by 1HFY26, change in leadership (amid shorter extension to existing MD) would be awaited to further lift sentiment and act as a catalyst for the next leg of re-rating.
Disclaimer – I ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is acting as a distributor to solicit bond related products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein mentioned are solely for informational and educational purpose.
Related content
Blogs
Articles - Stocks
Advantages and Disadvantages of NPS
It is a long established fact that a reader will be distracted by the readable content of a page when looking at it...
Articles - Stocks
Advantages and Disadvantages of NPS
It is a long established fact that a reader will be distracted by the readable content of a page when looking at it...
Articles - Stocks
Advantages and Disadvantages of NPS
It is a long established fact that a reader will be distracted by the readable content of a page when looking at it...
Video

Video - Stocks
What is Book Value?
Book Value Explained – Find out what is book value in stocks in this video by ICICIdirect.com.

Video - Stocks
What is Book Value?
Book Value Explained – Find out what is book value in stocks in this video by ICICIdirect.com.

Video - Stocks
What is Book Value?
Book Value Explained – Find out what is book value in stocks in this video by ICICIdirect.com.
Podcasts


