New Delhi, March 13 -- HDFC Mutual Fund, through its various schemes, has increased its stake in IndusInd Bank, even as the banking stock faces pressure following disclosures of accounting discrepancies related to internal derivatives.

IndusInd Bank share price closed 1.84 per cent lower at Rs.672.10 on the BSE on Thursday, March 13. The banking stock suffered a deep loss of 27.17 per cent on March 11 after it announced the accounting discrepancies.

The private sector lender expects to take the impact of these discrepancies-about 2.35 per cent of its net worth-in the fourth quarter results, yet report a small profit. The bank has estimated the loss on derivatives trade at Rs.1,520 crore net of taxes and Rs.1,970 crore at the gross level...