[ad_1] The Institute of Chartered Accountants of India (ICAI) will review fraud-hit IndusInd Bank’s financial statements for 2023-24 and 2024-25. The institute’s Financial Reporting Review Board (FRRB) will carry out the review. “It has been decided in the FRRB Board meeting today that FRRB of ICAI will undertake the review of the financial statements and…
[ad_1] As the sordid saga of events at IndusInd Bank unfolds, it is possible the coming days will see more skeletons tumble out of its closet. Within days of a forensic audit by Grant Thornton having found—as reported by Mint—that senior bank officials were aware of lapses in its accounting of derivative trades (that led…
[ad_1] Mumbai: Erstwhile deputy chief executive of IndusInd Bank Arun Khurana was well aware of the incorrect accounting of derivative trades that led to a â‚ą1,959 crore hole in its books, a forensic audit by accounting and consulting firm Grant Thornton found. According to two people aware of the audit, during the probe, auditors found…
[ad_1] IndusInd Bank Shake-up: IndusInd Bank’s board of directors announced on Sunday, April 27, that the company is taking the necessary steps to realign top management roles and responsibilities, according to the exchange filing. “The Report also examined the roles and actions of key employees in this context. The Board is taking necessary steps to…
[ad_1] Q4 results 2025: The earnings season has finally kicked as more than 100 companies including several marquee companies are scheduled to release their financial results for the quarter ended on March 31, 2025. Investors will closely monitor these updates, including company performance, management insights, and forward-looking statements, as they could play a crucial role…
[ad_1] Credit cards can be a smart way to make transactions while saving money. However, this can also make you form a habit of overspending through which you may end up with a big fat bill which may become difficult for you to repay on time. If you are an IndusInd Bank credit card customer,…
[ad_1] 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 bank’s capital base by 2.5%. The management sought to reassure investors and depositors, stating that the impact would not threaten the bank’s stability, and its promoter group bolstered confidence by…
[ad_1] Are you a food lover who prefers to dine out every weekend at the best restaurants to relish varieties of cuisine? What if you could save 25% on your food bill? Yes, the IndusInd Bank EazyDiner Credit Card offers you just that and a lot more. In this article, we will understand what is…
[ad_1] Here’s a quick look at stocks likely to be in focus in today’s trade. IndusInd Bank Moody’s Investors Service has affirmed IndusInd Bank‘s long-term foreign currency deposit rating at Ba1 with a stable outlook. However, the agency has placed the bank’s Baseline Credit Assessment (BCA) under review for a possible downgrade due to concerns…
[ad_1] The biggest single-day fall in the price of IndusInd Bank shares on Tuesday, 11 March, wiping out more than a quarter of its market value, raises a number of questions. The sharp sell-off followed the lender’s disclosure of accounting discrepancies related to its derivative trades, triggering a spate of analyst downgrades. The fact that…
