External probe: IndusInd's derivatives loss at Rs 2k crore
Sunday, 27 April 2025 () IndusInd Bank will absorb a Rs 1,956 crore charge in Q4 FY25 due to discrepancies in derivatives valuation, following an independent investigation prompted by RBI's tightened rules. Internal derivative trades between the asset-liability management desk and treasury led to overstated earnings. The bank plans to hold employees accountable for these lapses.
IndusInd Bank disclosed that an external review quantified the impact of discrepancies in its derivatives portfolio, resulting in a Rs 1,979 crore hit to its net... IndiaTimes
Sunday, 27 April 2025 ()
