On April 15, 2025, IndusInd Bank released an official disclosure under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The disclosure highlights an important development related to discrepancies discovered in the bank's derivative portfolio.
Earlier on March 10, 2025, IndusInd Bank had informed the stock exchanges that its internal review had revealed inconsistencies in the account balances of its derivative portfolio. The bank initially estimated that these discrepancies would have an adverse impact equivalent to approximately 2.35% of its net worth as of December 2024. At that time, the bank had also commissioned an external agency to independently review the matter to ensure transparency and accuracy.
Following this, the external agency completed its review and submitted its report on April 15, 2025. The agency confirmed the discrepancies, particularly involving derivative deals, and quantified the negative financial impact as INR 1979 Crores, as of June 30, 2024.
Based on the findings of this external review, IndusInd Bank has now reassessed the overall impact, concluding that the discrepancies will negatively affect its net worth by 2.27% (post-tax basis) as of December 2024. The bank has assured stakeholders that the financial results for FY 2024-25 will appropriately reflect this impact. Additionally, IndusInd Bank has committed to strengthening its internal controls and accounting practices, particularly around the management of derivative transactions.
The bank’s board of directors convened on April 15, 2025, beginning discussions at 2:36 p.m. IST and concluding the matter at 6:59 p.m. IST, after which the meeting continued for other agenda points. The bank has published this information on its official website to maintain transparency and regulatory compliance.
Disclaimer:
This article is based on publicly available disclosures from IndusInd Bank Limited, dated April 15, 2025, regarding the impact of discrepancies in their derivative portfolio. The figures and statements are sourced directly from the company's official filing with stock exchanges. This content is for informational purposes only and does not constitute investment advice, financial guidance, or a stock recommendation. Readers are advised to consult certified financial experts before making any investment decisions.