New Delhi, April 16 -- IT major stock will remain in focus on Wednesday as the company will announce its fourth quarter earnings today.
The bank has received a report from an independent agency highlighting discrepancies in its derivative transactions. As of June 2024, the report estimates a negative impact of Rs.1,979 crore from these deals. On a post-tax basis, the agency has calculated a 2.27% reduction in the bank's net worth as of December 2024 due to these issues. The bank will account for this impact in its financial statements for FY25 and will continue to enhance internal controls concerning derivative accounting operations.
The capital markets regulator, SEBI, has issued an interim order against Gensol Engineering and its prom...
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