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accounting lapses News

Senior Executive Steps Down Amid Financial Irregularities at IndusInd Bank

Christopher Adams 29 Apr, 2025

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...

Business

IndusInd Bank Faces Rs 1,979 Cr Hit Due to Derivative Portfolio Accounting Lapses: What Went Wrong?

Jessica Bennett 16 Apr, 2025

IndusInd Bank discloses a Rs 1,979 crore impact on its net worth due to derivative portfolio accounting lapses, with external audits underway to identify causes and remedial measur...