 "IndusInd Bank")
Private sector lender IndusInd Bank on Tuesday said that the external agency — PwC — appointed to validate the findings of its internal review has identified discrepancies in its derivatives portfolio and estimated a negative impact of ₹1,979 crore as of June 30, 2024. The bank said it received the report from the external agency on April 15.
“The bank has since received the report from the external agency on April 15, which identified discrepancies, inter alia, relating to derivatives deals. The report has quantified the negative impact of the above as of June 30, 2024, at ₹1,979 crore,” the
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