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IndusInd Bank Downgraded To Neutral Rating By Motilal Oswal On Accounting Discrepancy In Derivative Portfolio
IndusInd Bank's accounting discrepancy in derivative portfolio inflicts 2.35% damage on net worth, hence near-term uncertainties prevails, says Motilal Oswal.
11 Mar 2025, 10:19 AM IST 
IndusInd Bank began reviewing its derivative book following a new RBI circular in Sep’23, which led to the discovery of these discrepancies.
(Photo: Vijay Sartape/NDTV Profit)
IndusInd Bank has reported discrepancies in its derivative portfolio pertaining to transactions done over the past seven-eight years (FY24 and earlier). The bank’s detailed internal review has estimated an impact of 2.35% on its net worth as of Dec’24 (~Rs 15.8 billion).
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