New Delhi, March 19 -- The recent accounting discrepancy at IndusInd Bank has sent shockwaves through the banking sector, raising concerns over corporate governance and financial stability.

On March 10, IndusInd Bank disclosed a financial misstatement related to derivative transactions. The estimated impact of this issue stands at 2.35 per cent of the bank's net worth, amounting to approximately Rs.1,577 crore. Following the revelation, the stock plunged 27 per cent on March 11, wiping out nearly Rs.20,000 crore in market capitalisation and prompting its inclusion in the Futures & Options (F&O) ban list.

Despite the sharp decline, IndusInd Bank shares showed signs of recovery after the Reserve Bank of India (RBI) stepped in to reassure ...