Corporate Governance and Market Reaction: Lessons from IndusInd Bank’s Share Decline
Understanding the Market’s Response to Governance Issues On 12 March, IndusInd Bank witnessed a staggering 27% decline in its stock price following the revelation of a mark-to-market (MTM) loss due to a forex transaction. This loss, amounting to 2.35% of the bank’s total equity, triggered a mass sell-off as investor confidence wavered. Corporate governance concerns […]