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Bloomberg Quint

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IndusInd Bank Q4 Results Likely To Reflect Rs 3,000 Crore Accounting Hit, Say Analysts

  • IndusInd Bank's fourth quarter results are expected to show a cumulative accounting impact of up to Rs 3,000 crore due to fresh discrepancies in interest income.
  • The discrepancies include Rs 674 crore incorrectly recorded as interest over three quarters of fiscal 2025, leading to concerns about the bank's financial performance.
  • After adjustments for accounting discrepancies and irregularities in derivative portfolios, the total impact is estimated to be Rs 3,000 crore on pre-tax basis, affecting the bank's bottom line.
  • IndusInd Bank's future outlook includes uncertainties related to management succession following the resignation of its CEO, with focus on maintaining financial stability amid these challenges.

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