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
