Bengaluru, April 16 -- The shares of one of the leading financial services banks in India jumped upto 6 percent in the day's trade followed by reports of lower than estimated impact on company's financial statements.

Price Movement

With a market capitalization of Rs 58,140 lakh crores, the shares of IndusInd Bank Ltd were by 6 percent and made an intra-day high of Rs 780 compared to the previous close of Rs 735.85.

What Happened

The report by the external agency showed Rs1,979 crores of negative impact on the net worth of the bank due to derivative discrepancies, Based on the report the bank said that it has assessed an adverse impact of 2.27 percent to its net worth as of 2024

The impact is lower than RBI's assessment of approximate...