The Institute of Chartered Accountants of India (ICAI) is set to review IndusInd Bank’s financial statements following the revelation of a Rs 2,100 crore discrepancy in its derivatives portfolio. The discrepancy, as per the bank’s internal review, could potentially affect 2.35% of the bank’s net worth by December 2024. ICAI’s Financial Reporting Review Board will be looking into the matter to assess compliance with accounting and auditing standards. This development raises concerns about the bank’s financial stability and transparency, prompting regulatory scrutiny to ensure accuracy and reliability in financial reporting.