IndusInd Bank’s share price plummeted 27.06 per cent on Tuesday, closing at Rs 656.8 apiece. The sharp fall came after the private lender disclosed discrepancies in its derivatives portfolio. This drop was the steepest single-day fall in the bank’s history, erasing around Rs 19,500 crore from its market value. With this decline, the bank has lost nearly Rs 78,762 crore in market capitalisation since its peak in January 2024. The bank’s net worth is expected to decline by nearly Rs 2,100 crore after accounting discrepancies of 2.35 per cent of its net worth were found in its derivative portfolio during an internal review. The Hinduja-promoted lender plans to absorb this loss in its Q4 earnings or the first quarter of the next fiscal year (FY26) The bank will face a \”litmus test\” from the succession viewpoint and the board is likely to evaluate both external as well as internal candidates, Citi said.