IndusInd Bank Flags ₹1,979 Crore Derivatives Discrepancy, Net Worth Hit by 2.27%

IndusInd Bank has reported a ₹1,979 crore discrepancy in its derivatives portfolio following an external audit, resulting in a 2.27% reduction in its net worth as of December 2024. The findings, disclosed on April 15, stem from an independent review initiated after the bank identified irregularities...

IndusInd Bank has reported a ₹1,979 crore discrepancy in its derivatives portfolio following an external audit, resulting in a 2.27% reduction in its net worth as of December 2024. The findings, disclosed on April 15, stem from an independent review initiated after the bank identified irregularities in March 2025. The discrepancies are attributed to accounting lapses over several years. The financial impact will be reflected in the bank’s FY25 statements, with measures being taken to strengthen internal controls on derivative accounting. Despite the setback, CEO Sumant Kathpalia expressed confidence in maintaining profitability for Q4 FY25. The Reserve Bank of India is closely monitoring the situation but emphasized the banking system remains secure. IndusInd shares closed at ₹735.50 on the NSE, recovering from a 52-week low of ₹606. Source: Economic Times, Reuters, Business Standard