IndusInd Bank hired an independent firm to investigate discrepancies in its derivatives portfolio, which could impact 2.35% of its net worth as of December 2024. The firm will conduct a detailed review to determine the root cause and ensure the accounting treatment follows financial regulations.
Earlier, on March 10, 2025, the bank disclosed an ongoing external review of inconsistencies in its derivative account balances. It assured that once the investigation is complete, any necessary adjustments will be made in its financial statements.
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