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DERIVATIVES DISCREPANCIES
IndusInd Bank back in black for Q4 with Rs 594 cr profit; provisions, slippages fallIn a remarkable financial turnaround, IndusInd Bank reported a net profit of ₹594 crore for the quarter ending March 2026. This surge was l...25 Apr, 2026, 09.52 AM IST- SFIO widens probe into IndusInd Bank; summons audit firms over ₹2,000 crore derivatives irregularitiesThe Serious Fraud Investigation Office is investigating IndusInd Bank's derivatives portfolio. Major audit firms associated with the bank o...23 Apr, 2026, 03.25 PM IST
- SFIO summons former top executives of IndusInd Bank in accounting probeThe Serious Fraud Investigation Office is investigating IndusInd Bank's accounting irregularities. Key former executives have been summoned...30 Mar, 2026, 12.43 AM IST
- Was it a 'fraud'? Auditors ask IndusInd BankIndusInd Bank faces scrutiny as auditors demand clarity on its derivative accounting discrepancy, potentially classifying it as fraud. The ...12 May, 2025, 08.16 AM IST
- IndusInd Bank CEO Sumant Kathpalia quits after derivatives discrepancies rowSumant Kathpalia resigned as MD and CEO of IndusInd Bank. This follows Arun Khurana's departure and RBI concerns. An investigation revealed...29 Apr, 2025, 07.09 PM IST
- PwC wraps up IndusInd Bank’s accounting review; forensic probe by Grant Thornton underwayPwC has concluded its accounting review of IndusInd Bank's derivatives portfolio, submitting draft findings to management amidst discrepanc...12 Apr, 2025, 05.30 AM IST
- IndusInd had roped in KPMG and EY in early 2024 for treasury reviewIndusInd Bank's 2024 review by KPMG and EY highlighted discrepancies in treasury and derivatives accounting. Following a sharp 27% stock dr...04 Apr, 2025, 11.17 AM IST
- External auditor PwC may submit report on IndusInd Bank's accounting discrepancies on FridayExternal auditor PwC will submit a report detailing accounting discrepancies in IndusInd Bank's derivatives portfolio, which may affect 2.3...25 Mar, 2025, 12.36 PM IST
- IndusInd Bank goes for 'comprehensive' forensic audit"The scope of this new investigation is much wider and deeper, covering the entire bank, and will also address any lapses in accounting, in...22 Mar, 2025, 12.29 AM IST
- IndusInd Bank to appoint independent firm to investigate discrepancies in derivative accountsIndusInd Bank has announced that it will hire an independent professional firm to conduct a thorough investigation into discrepancies relat...20 Mar, 2025, 11.14 PM IST
- IndusInd Bank shares rise over 1% as Crisil, CARE hold off on ratings watchIndusInd Bank's shares surged 1.2% after Crisil decided against placing the lender on ratings watch, despite derivative discrepancies. Cris...20 Mar, 2025, 09.43 AM IST
- Crisil holds off on rating watch for IndusInd Bank, awaits external agency's findings on derivatives discrepanciesCrisil refrains from placing IndusInd Bank on ratings watch but awaits the external agency's report to gauge the discrepancies in the deriv...19 Mar, 2025, 04.39 PM IST
- ICAI may review financial statements of IndusInd Bank amid accounting discrepanciesICAI may review the financial statements of IndusInd Bank following a discrepancy of Rs 2,100 crore in its derivatives portfolio. The Finan...13 Mar, 2025, 11.42 PM IST
- ET Explainer: Internal trades & a hedge too farIndusInd Bank has reported discrepancies in its derivatives portfolio related to transactions spanning the last 7-8 years. These issues aro...12 Mar, 2025, 05.44 AM IST
- Explained: Why Rs 1,577 crore discrepancy made Rs 15,000 crore hole in IndusInd Bank market valueIndusInd Bank stated that the accounting discrepancies will negatively affect its net worth by 2.35% as of December 2024. The post-tax impa...11 Mar, 2025, 01.00 PM IST
- IndusInd Bank shares hit by downgrades, target price cuts. What investors should doIndusInd Bank shares dropped 20%, hitting a 52-week low of Rs 720.50, after multiple brokerages downgraded the stock following an accountin...11 Mar, 2025, 10.29 AM IST
- IndusInd faces Rs 2,000-crore net worth hit over derivative discrepanciesThis anticipated erosion in net worth, which the lender estimated at 2.35% of the total, follows Monday's disclosures on discrepancies in d...11 Mar, 2025, 05.50 AM IST
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