ICAI may review fin statements of IndusInd

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ICAI may review IndusInd Bank's financial statements after the bank disclosed a Rs 2,100 crore discrepancy in its derivatives portfolio.

This issue could impact 2.35% of the bank's net worth by December 2024, as per the bank's internal review.

ICAI's Financial Reporting Review Board is expected to assess compliance with accounting and auditing standards.

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Article Details

Author / Journalist: PTI

Category: EconomyBusiness

Markets: India

Topics: IndusInd Bank financial statements Rs 2 Financial Reporting Review Board ICAI Business news ICAI review IndusInd Bank RBI reporting IndusInd Bank 100 crore discrepancy Derivatives portfolio discrepancies IndusInd Bank accounting discrepancies Accounting standards compliance ICAI Charanjot Singh Nanda ICAI

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-15 @ 06:47:47 (13 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 535 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 30 words per sentence (average)

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

Copyright Owner: © Times of India

News ID: 27008448

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About Times of India

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