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DERIVATIVES PORTFOLIO DISCREPANCIES
IndusInd Bank faces fresh whistleblower allegationsThe new complaint alleges insider trading by Samir Agarwal, former zonal head of eastern India at IndusInd Bank, manipulation of financial ...- 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...
- 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...
- NFRA gets complaint against audit lapses at IndusInd BankNational Financial Reporting Authority received a complaint against IndusInd Bank. The complaint is about accounting issues in forex deriva...
- IndusInd Bank to fix accountability, book Rs 1,960 cr loss in Q4 after derivatives probeIndusInd Bank will penalize employees for lapses in its derivatives portfolio and reorganize senior management roles to enhance accountabil...
- IndusInd Bank shares jump 6% after lower-than-expected impact flagged in audit of derivatives portfolioIn a post-market filing on Tuesday, IndusInd Bank disclosed that it had received a report from an external agency. This follows the bank’s ...
- IndusInd says derivative losses at Rs 1979 crore based on PWC reportIndusInd Bank disclosed a Rs 1979 crore loss in its derivative portfolio due to account discrepancies, as revealed in a PWC report. The ban...
- External agency flags Rs 1,979 crore discrepancy in IndusInd Bank's derivatives portfolio, net worth hit by 2.27%An external agency has reported discrepancies in IndusInd Bank's derivatives portfolio estimating a negative impact of Rs 1,979 crore as of...
- 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...
- 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...
- 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...
- 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...
- 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...
- 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...
- 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...
- IndusInd auditors seek forensic scrutiny of derivatives portfolioIndusInd Bank's joint auditors requested a forensic audit of its derivatives portfolio due to discrepancies potentially impacting its net w...
- 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...
- 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...
- IndusInd Bank to see profit in Q4 even after derivatives losses: MD & CEO Sumant KathpaliaIndusInd Bank CEO Sumant Kathpalia assured profitability in Q4FY25 despite derivative losses. He confirmed the bank's Capital Adequacy Rati...
- 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...
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