IndusInd Bank has reported a significant financial setback of ₹1,979 crore, stemming from discrepancies in its derivatives portfolio. An external review identified this loss as of June 2024, leading to a 2.27% reduction in the bank’s net worth by December 2024. Previously, an internal assessment had estimated a 2.35% impact, though no specific monetary figure was provided.​Prabhat Khabar+2Prabhat Khabar+2Wion+2

In response to these findings, the bank announced plans to reflect the loss in its financial statements for the fiscal year 2024-25. Additionally, IndusInd Bank is taking steps to strengthen its internal controls concerning derivative accounting operations. Despite the initial negative impact, the bank’s stock experienced a nearly 7% increase on Tuesday, indicating investor confidence in its corrective measures

Source: The Times Of India