accounting discrepancies News

IndusInd Bank Faces Rs 2,000 Crore Derivatives Loss: An External Probe Reveals Shocking Discrepancies

IndusInd Bank is addressing a Rs 2,000 crore derivatives loss discovered through an external probe, with plans to rectify discrepancies and hold responsible parties accountable, fo...

IndusInd Bank Engages Grant Thornton for Comprehensive Fraud and Accounting Review

IndusInd Bank has appointed Grant Thornton to conduct a forensic review into accounting discrepancies and potential fraud, following a 23% drop in shares after revealing an overval...

ICAI to Scrutinize IndusInd Bank's Financial Statements Over Alleged Rs 2,100 Crore Accounting Discrepancies

The Institute of Chartered Accountants of India (ICAI) is set to review IndusInd Bank's financial statements following the discovery of accounting discrepancies estimated at Rs 2,1...

Market Shock: IndusInd Bank's 16000 Crore Loss in 2 Hours - What Investors Need to Know

IndusInd Bank's shares nosedived 25%, losing 16000 crore market-cap in 2 hours due to accounting discrepancies in its derivatives portfolio. This has raised concerns over the bank'...