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IndusInd Bank reports a massive ₹1,959.98 crore loss due to accounting errors in internal trades.
IndusInd Bank faces significant accounting discrepancies, resulting in a loss of ₹1,959.98 crore in the 2024-25 financial year due to incorrect accounting of internal derivative trades.
The bank has halted such trading, engaged an external firm for a thorough review, and plans to strengthen its internal controls and re-align senior management roles.
The bank's shares have seen a recent decline but have provided strong returns over the past five years.
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IndusInd Bank reporta una pérdida masiva de ₹1,959.98 crores debido a errores contables en las operaciones internas.