IndusInd Bank is bracing for a 2.35% decline in net worth by December 2024, citing internal account discrepancies. However, the bank expresses optimism about its profitability and capital adequacy. The announcement comes amidst a drop in shares post the Reserve Bank of India’s (RBI) approval of a one-year extension for CEO Sumant Kathpalia, as opposed to the initially requested three years. Despite these challenges, IndusInd Bank is focused on maintaining its financial stability and ensuring operational efficiency. The bank’s strategic initiatives and risk management protocols are expected to support its long-term growth and sustainability in the competitive banking sector in India.