IndusInd Bank’s Stock Plunge: What Went Wrong?
IndusInd Bank has found itself in troubled waters, with its shares nosediving a staggering 25% on Tuesday, marking its sharpest decline since March 2020. The stock hit a 52-week low of Rs 674.55, sending shockwaves through the banking sector. The primary reason? Discrepancies in derivatives accounting that have shaken investor confidence. The Financial Blow: A…