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 discrepancy in its derivatives portfolio. This discrepancy could potentially affect 2.35% of the bank’s net worth by December 2024, according to the bank’s own internal assessment. The ICAI’s Financial Reporting Review Board is set to evaluate the bank’s adherence to accounting and auditing standards in light of this development.
ICAI to Review IndusInd Bank’s Financial Statements Over Rs 2,100 Crore Derivatives Discrepancy, Potential Impact on Net Worth
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