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INDUSINDBK

has acknowledged a report from an external agency that highlights discrepancies in its derivative deals, which have been quantified to have a negative impact of Rs 1,979 crore as of June 2024. This situation is expected to adversely affect the bank's net worth by 2.27% on a post-tax basis as of December 2024. In response to these findings, the bank plans to accurately reflect the financial implications in its financial statements for the fiscal year 2025 (FY25). Additionally, IndusInd Bank is committed to enhancing its internal controls related to derivative accounting operations to prevent similar issues in the future. This proactive approach aims to strengthen the bank's financial integrity and operational efficiency. DISCLAIMER- Investment in the share market is subject to market risk, and past performance is not indicative of future results. Recommendations are for informational purposes only and should not be considered as buy or sell advice. Please conduct your own research and consult a financial advisor before making any investment decisions. We will not be liable for any losses incurred from using this information.