The Institute of Chartered Accountants of India (ICAI) is likely to scrutinize IndusInd Bank’s financial records following the revelation of a Rs 2,100 crore irregularity in its derivatives portfolio. This discrepancy, as per the bank’s own assessment, could affect 2.35% of its net worth by December 2024. The ICAI’s Financial Reporting Review Board is set to evaluate the bank’s adherence to accounting and auditing norms in light of this development.
IndusInd Bank faces ICAI review over Rs 2,100 crore discrepancy in derivatives portfolio, potential impact on net worth.
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