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IndusInd Bank faces $175M shortfall due to complex transactions, sparking calls for stricter oversight.
IndusInd Bank, India's fifth-largest private lender, faced a major crisis due to ignoring accounting rules, leading to a $175 million shortfall.
The issue arose from complex derivative transactions that hid losses when the rupee declined.
Despite the Reserve Bank of India demanding the CEO and deputy CEO resign, IndusInd denied this request.
This crisis highlights the risks of complex financial maneuvers and the importance of stricter regulatory oversight.
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El IndusInd Bank se enfrenta a un déficit de $175M debido a transacciones complejas, lo que provoca llamados a una supervisión más estricta.