IndusInd Bank case: Who is Indiaās real lender of last resort?
On 10 March, IndusInd Bank disclosed that an internal review had uncovered a discrepancy in its rupee-dollar swap accounting. The irregularity would erode the bankās capital base by 2.5%. The management sought to reassure investors and depositors, stating that the impact would not threaten the bankās stability, and its promoter group bolstered confidence by offering…