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IndusInd Bank's credit rating may be downgraded due to internal issues and resignations.
IndusInd Bank faces potential downgrading of its long-term debt instruments as credit rating agency Crisil has placed them under 'Rating Watch with Negative Implications'.
This follows the resignation of two senior executives, an internal audit review of the microfinance business, and an accounting issue with derivatives that reduced the bank's net worth.
Despite these issues, Crisil believes the bank's capital and profitability can handle the financial impact, but will continue to monitor the situation.
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La calificación crediticia de IndusInd Bank puede ser rebajada debido a problemas internos y a renuncias.