'2.35% net worth dip over discrepancies'
India, March 11 -- Indian private lender IndusInd Bank said on Monday it expects a 2.35% decline in its net worth as of December 2024 due to discrepancies in its derivative accounts found during an internal review. The Mumbai-based lender said the net worth impact emerged from internal derivative trades, which were not in compliance with rules enforced by the Reserve Bank of India from April 2024. The discrepancies are not linked to client accounts, deputy CEO Arun Khurana said on a conference call, without disclosing details on the nature of the inconsistencies. "Effective April 1, we can confirm that there will be no internal trades in our book; we have not entered into any internal trades," Khurana said on the call.P19...
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