financial discrepancies News

Senior Executive Steps Down Amid Financial Irregularities at IndusInd Bank

IndusInd Bank's Deputy CEO Arun Khurana resigns following a Rs 2,000-crore accounting lapse from derivative trades, as an independent investigation confirms financial discrepancies...

IndusInd Bank Faces Rs 2,000 Crore Net Worth Impact Due to Derivatives Portfolio Discrepancies

IndusInd Bank reports a Rs 1,979 crore hit to its net worth due to derivatives portfolio discrepancies, with a 2.27% impact by December 2024. The bank's stock saw significant volat...

IndusInd Bank Faces Profit Hit Amid Allegations of Inflated Interest Income

IndusInd Bank may have overstated its net interest income, leading to a significant profit hit. An internal review revealed discrepancies in its foreign exchange derivative portfol...