New Delhi, March 12 -- IndusInd Bank share price declined more than 7% on Wednesday, extending its sharp fall for the sixth straight day. IndusInd Bank shares slid as much as 7.7% to a fresh low of Rs.605.40 apiece on the BSE.

IndusInd Bank shares have declined by over 38% over the past six consecutive sessions, with the most significant single-day drop of 27% occurring on Tuesday. The sharp decline in IndusInd Bank stock price follows the private lender's disclosure of accounting discrepancies related to internal derivatives.

The fifth-largest private sector bank in India, IndusInd Bank's internal review has estimated an adverse one-time impact of ~2.35% of its net worth as of December 2024 which was Rs.67,100 crore suggesting a post-t...