After 1,959.98 rupees, Indusind Bank is transferred to the repair of lapses in internal controls

Indusind Bank revealed the results of an independent investigation into the accounting contradictions that were first unveiled in March. The report refers to dangerous lapses, as its effect determines 1,959.98 rupees on the bank’s profits, as driving moves quickly to repair accountability and fix internal controls.

Bank Indusind confirmed, through the official disclosure of the exchanges on April 27, that an independent professional company, was appointed by its board of directors, submitted the investigation report on April 26.

“The independent company has defined a cumulative impact on harmful accounting on P&L at 1959.98 crore rupees on March 31, 2025, which is similar to the amount that was revealed on April 15, 2025.”

According to the report, the contradictions originated primarily from the incorrect accounting of internal derivative trading, especially during the early fines. These practices led to early recognition of theoretical profits, which represents the main root cause of financial errors. He also evaluated the roles and procedures of the main employees concerned.

“The Board of Directors takes necessary steps to reform accountability for persons responsible for these lapses and re -align the roles and responsibilities of senior management,” the bank informed Porses.

Indusind Bank has already stopped all internal derivative trading activities as of April 1, 2024. Moreover, the resulting financial impact will be reflected in the way in the financial statements of the bank 24-25, as well as measures to fortify internal controls.

The meetings of the Board of Directors that discuss the report started at 8:42 pm on April 26, postponed at midnight, and restored on April 27, concluded discussions by 6:25 pm. Disclosure is also available on the bank’s website, www.indusind.com. The bank urged organizers and investors to observe developments.

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