[ad_1] The chartered accountants’ apex body, ICAI, may review the financial statements of IndusInd Bank, which is grappling with discrepancies in accounting estimated to be ₹2,100 crore. The private sector lender, on March 10, disclosed some discrepancies in its derivatives portfolio, which could have an adverse impact of about 2.35% of the bank’s net worth […]
What’s gone wrong at IndusInd Bank? Crisis timeline & Street view – CNBC TV18
[ad_1] IndusInd Bank shares plunged 25% on March 11, erasing ₹18,000 crore in market value, after revealing a ₹1,580 crore derivatives discrepancy. Concerns over governance, leadership, and risk controls mount. Derivatives Disclosure Sparks Panic: IndusInd Bank has come under fire after disclosing a ₹1,580 crore discrepancy in its derivatives portfolio, potentially impacting 2.35% of its […]