ICAI may review fin statements of IndusInd

Quick Summary:

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

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-15 @ 06:47:47 (11 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

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 11 posts per day

Year Established: 1838

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