IndusInd Bank shares dropped 27% to Rs 656, erasing Rs 19,000 crore in market value due to a Rs 2,100 crore derivatives accounting discrepancy. The bank’s net worth decreased by 2.4%. Concerns about governance and risk management led to investor worry, affecting other small private banks like Bandhan Bank and RBL. Post navigation Airtel deal with Musk’s Starlink to bring high-speed net to India India set for $50 billion consumption and savings boost: UBS
