Mumbai, March 11 -- The bank estimates a potential adverse impact of approximately 2.35% of its net worth as of December 2024. The discrepancies were identified during a review of "Other Asset and Other Liability accounts" related to the derivative portfolio, prompted by the implementation of the RBI's new Master Direction on investment portfolios.

According to the media reports, this could lead to an adverse impact on its net worth by about Rs 1600 crore, and the bank plans to absorb this loss in its fourth-quarter earnings or the first quarter of the next fiscal year.

To ensure transparency, the bank has appointed an external agency for an independent review and validation of the internal findings. The bank will adjust its financial s...