IndusInd Bank shares may see some respite after 32% fall on RBI statement

IndusInd Bank shares may see a sigh of relief as the apex lender in the recent take on the private lender has provided it a clean-chit. Just before the Holi holiday, shares of IndusInd Bank closed lower by nearly 2 per cent at Rs 672.1 per share on the BSE.

After a positive opening, the stock at the day's high gained over 5 per cent to Rs 707.75 per share on the BSE.

Pertinently after there was uncovered discrepancy in the derivation positions at the lender, the bank saw a sharp beating. Since March 4 continuous plunge, the stock has come down by as much as 32 per cent.

The accounting error is said to result in a loss of 2.35 per cent of its capital- estimated to be worth Rs 1,500- 2,000 crore, which led the stock to succumb last Wednesday.

And amid the drawdown, the stock even hit its 52-week low of Rs 605.4 per share on March 12, 2025.

Also, the apex bank has come out in support of the lender and has asked it investors and customers to not panic citing the bank's adequate capital as well as stable financials.

What RBI did and said on IndusInd Bank?

The central bank issued a statement addressing recent speculations surrounding IndusInd Bank. It aims to reassure depositors and stakeholders regarding the bank's financial health.

Also Read: IndusInd Bank must fix accounting discrepancy by Q4FY25: RBI

IndusInd Bank share price performance

The stock marked its all-time high of Rs 2,037.9 on August 3, 2018. And since then it has fallen a substantial - a sharp over 67 per cent. While it marked its 52-week high last year on April 8, 2024 of Rs 1,576- a discount of over 57 per cent.