The Institute of Chartered Accountants of India (ICAI) is set to conduct a review of IndusInd Bank’s financial statements following the revelation of a Rs 2,100 crore discrepancy in its derivatives portfolio. The bank’s internal review has indicated that this discrepancy could affect 2.35% of its net worth by December 2024. The ICAI’s Financial Reporting Review Board will be tasked with evaluating the bank’s adherence to accounting and auditing standards in this matter. This development underscores the importance of financial transparency and accuracy in India’s banking sector.