lapse

IndusInd Bank’s accounting lapse brings mutual fund exposure in focus, ET BFSI

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IndusInd Bank’s accounting lapse brings mutual fund exposure in focus, ET BFSI

IndusInd Bank’s accounting lapse brings mutual fund exposure in focus IndusInd Bank’s accounting discrepancy has sparked investor concerns, leading to a sharp decline in its stock price and impacting mutual funds with significant holdings in the bank. ICICI Prudential Mutual Fund holds the largest stake, with investments of over Rs 3,700 crore across 36 schemes, … Read more

IndusInd Bank’s accounting lapse, what went wrong?, BFSI News, ET BFSI

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IndusInd Bank’s accounting lapse, what went wrong?, BFSI News, ET BFSI

IndusInd Bank’s accounting lapse, what went wrong? IndusInd Bank’s recent disclosure of accounting deficiencies in its derivatives portfolio has raised serious concerns among investors and analysts. The bank estimates a financial impact of Rs 16 billion post-tax and Rs 21 billion pre-tax, highlighting a mismatch in how it accounted for internal and external forex hedging … Read more