Accounting lapses in derivative portfolio to cost IndusInd Bank Rs 1,979 cr

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India-Business News: IndusInd Bank on Tuesday said that accounting lapses in the derivative portfolio will have a negative impact of Rs 1,979 crore on the bank's networth..

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Meanwhile, the IndusInd Bank's board has also hired Grant Thornton to conduct a forensic audit into accounting lapses.

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Article Details

Author / Journalist: PTI

Category: EconomyBusiness

Markets: IndiaChinaMauritius

Topics: IndusInd Bank accounting lapses Grant Thornton forensic audit IndusInd Bank capital infusion PwC assessment IndusInd Bank Derivative portfolio impact

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-16 @ 00:08:56 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 628 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 27925433

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