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Accounting Discrepancies: ICAI May Review IndusInd Bank's Books

  • ICAI-FRRB may review the financial statements of IndusInd Bank due to accounting discrepancies amounting to Rs 2,100 crore.
  • Discrepancies in the bank's derivatives portfolio could impact about 2.35% of the bank's net worth.
  • The review will be conducted to assess compliance with accounting standards and regulations.
  • An external agency appointed by the bank is expected to provide the final report by early April.

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