Private lender IndusInd Bank’s internal review has estimated an adverse impact of approximately 2.35% of the bank’s net worth as of December 2024, according to an exchange filing on Monday.

The review was undertaken following Reserve Bank of India’s (RBI’s) master directions on derivative portfolio of lenders, issued in September 2023. The review was related to ‘Other Asset and Other Liability’ accounts of the portfolio and the lender noted some discrepancies in these account balances.

The RBI Master Direction – Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2023 was in effect from April 1, 2024.

“Bank’s detailed internal review has estimated an adverse impact of approximately 2.35% of Bank’s Net worth as of December 2024. The Bank has also, in parallel, appointed a reputed external agency to independently review and validate the internal findings. A final report of the external agency is awaited and basis which the Bank will appropriately consider any resultant impact in its financial statements,” a company statement issued today said.

However, IndusInd Bank said that its profitability and capital adequacy remain healthy to absorb this one-time impact.

The bank’s board met on Monday after market hours to discuss the issue and the filing was made after the conclusion of the meeting.Shares of IndusInd Bank today ended at Rs 901.95 on the NSE, down by Rs 34.80 or 3.71% over the Friday closing price.The stock has been a market laggard and has fallen 47% in the past 1-year. Its decline in 2025 so far is to the tune of 7%.

The bank had reported a 39% decline in its December quarter standalone net profit to Rs 1,401 crore versus Rs 2,298 crore reported in the year-ago period. Though the profit after tax (PAT) was ahead of Street’s estimates of Rs 1,282 crore.

The Net interest income (NII) stood at Rs 5,228 crore, down from Rs 5,296 crore in Q3FY24. Net interest margins declined to 3.93% from 4.29% in Q3FY24 and 4.08% in Q2FY25.

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