IndusInd Bank Share Price in Focus After Clarification on PwC Report

IndusInd Bank share price in focus after the bank clarified that it has not received any report from PricewaterhouseCoopers (PwC) regarding alleged accounting discrepancies in its derivatives portfolio.

A spokesperson for the bank stated, “IndusInd Bank clarifies that no report from external agencies conducting the review has been received.”

This clarification follows earlier claims that PwC had submitted a report to the bank’s board after reviewing its financial statements. The Reserve Bank of India (RBI) had instructed the bank to complete all corrective measures by the March quarter and disclose relevant details to stakeholders.

Potential Impact on Financials

IndusInd Bank estimates that the discrepancies could impact its financials by 2.35%, which is expected to be absorbed through its profit and loss statement. A possible restatement of Net Interest Income (NII) is also under review.

Investors were expecting PwC’s report to provide details on the ₹2,100 crore discrepancy in derivatives accounting and the actual losses incurred. Although IndusInd Bank expects to remain profitable in Q4, many analysts predict a possible loss.

About IndusInd Bank Limited

IndusInd Bank Limited, headquartered in Mumbai, is an Indian financial services and banking company. Founded in April 1994, it was promoted by the Hinduja Group.

As of April 3, 2025, at 11:23 AM IST, IndusInd Bank share price stands at ₹707.45, up 0.71%. The stock opened at ₹694.95, hit a high of ₹714.70 and a low of ₹693.50. The bank has a market capitalisation of ₹55,110 crore, a P/E ratio of 7.60, and a dividend yield of 2.33%. Its 52-week high is ₹1,576.35, while the 52-week low is ₹606.00.

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