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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
In an exchange filing low on details, the lender said it has appointed an external agency to crosscheck the internal finding.
IndusInd Bank on Monday said in an exchange filing that it has noted discrepancies in its derivatives portfolio that caused an “adverse impact of approximately 2.35% of Bank’s Net worth as of December 2024.” The bank says it has appointed an external agency to independently review and validate the internal findings.
While the exact details of the discrepancies haven’t been revealed, IndusInd said it was found during an internal review related to the RBI Master Direction - Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2023.
According to the central bank’s direction, banks have to classify their …
The central bank’s shift to a 100% collateral requirement threatens to erode leverage, reduce volumes and force a consolidation across prop desks.
High returns, RBI-regulated comfort, and easy withdrawals drew investors in. Now, with repayments drying up, the fintech platform, its NBFC partner, and the regulator are pointing fingers—leaving customers to chase their own money.
The RBI’s unusually harsh order raises deeper questions about management credibility—and whether investors should take assurances at face value.
