Based on the PwC report submitted on Tuesday, IndusInd Bank said it has assessed an adverse impact (on a post-tax basis) of 2.27% to the bank’s net worth as of December 2024 due to these discrepancies. Early March, when the gaps were first formally announced, the assessment was that the impact would amount to 2.35% of net worth.
Is the smallcap rally a trap? Only 37% of stocks are outperforming their benchmark
India’s recent smallcap surge indicates that less stock is outpacing the benchmark index, revealing a narrowing group of successful stocks boosting overall returns. Conversely, largecap