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flag IndusInd Bank faces $175M shortfall due to complex transactions, sparking calls for stricter oversight.

flag IndusInd Bank, India's fifth-largest private lender, faced a major crisis due to ignoring accounting rules, leading to a $175 million shortfall. flag The issue arose from complex derivative transactions that hid losses when the rupee declined. flag Despite the Reserve Bank of India demanding the CEO and deputy CEO resign, IndusInd denied this request. flag This crisis highlights the risks of complex financial maneuvers and the importance of stricter regulatory oversight.

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