The Institute of Chartered Accountants of India (ICAI) is considering a review of IndusInd Bank’s financial statements following the revelation of a Rs 2,100 crore inconsistency in its derivatives portfolio. This discrepancy, uncovered during the bank’s internal audit, has the potential to affect 2.35% of the bank’s net worth by December 2024. The ICAI’s Financial Reporting Review Board is set to evaluate the bank’s adherence to accounting and auditing regulations. This development underscores the importance of financial transparency and regulatory compliance in the banking sector.