Moody’s expected to announce IndusInd Bank rating decision within 2 months

A senior official from Moody’s rating agency said it is reviewing private sector lender IndusInd Bank’s risk management capabilities and the transition in its leadership. Moody’s is expected to announce a decision on the bank’s ratings in about two months.

Moody’s placed the bank’s rating under review last month and is closely monitoring developments, as the lender grapples with accounting lapses in its forex derivatives transactions.

“We put it under review last month, and we usually arrive at a decision within 90 days. We are primarily assessing the bank’s risk management capabilities during this review,” said Alka Anbarasu, Associate Managing Director at Moody’s Ratings.


The outlook for IndusInd Bank’s long-term ratings remains stable, with a ‘Ba1’ rating for both long-term foreign currency and local currency bank deposits.

In recent stock exchange filings, IndusInd Bank disclosed that an external agency report found discrepancies in its derivatives portfolio, estimating a negative impact of Rs 1,979 crore as of June 30, 2024.