ETCFO

5.4K subscribers

Verified Channel
ETCFO
May 23, 2025 at 03:33 AM
Is IndusInd Bank out of the woods? IndusInd Bank shocked the street by posting its largest-ever quarterly loss of Rs 2,329 crore for Q4 FY25, attributing it to substantial accounting discrepancies and suspected internal fraud. These issues include misclassified fee income of Rs 172.58 crore over three quarters and incorrect internal derivative trade entries, leading to a total discrepancy of over Rs 2,600 crore. #editorial BY: Amol Dethe, Editor, ETCFO Read full story here: https://cfo.economictimes.indiatimes.com/news/governance-risk-compliance/indusind-banks-shocking-fraud-what-lies-ahead/121351549?utm_source=top_story&utm_medium=homepage?ag=wappchnl&utm_source=wappchnl #indusind #governance #leadership #cfoindia #audit #accounting

Comments