Derivatives Fiasco: IndusInd Bank Ropes In Ind Firm To Probe

New Delhi: IndusInd Bank has appointed an independent professional firm to investigate discrepancies in its derivatives portfolio. Last week, the bank disclosed that it had identified discrepancies in its derivatives portfolio, which could have an impact of about 2.35 per cent of its net worth as of December 2024.

In a fresh statement to the stock exchanges, the bank said this independent firm will conduct a comprehensive investigation to identify the root cause of the recently disclosed accounting discrepancies.