<ul><li>IndusInd Bank reported a net loss of Rs 2,329 crore in the January-March quarter, wider than expected, due to accounting discrepancies.</li><li>The bank's provisions rose to Rs 2,522 crore from Rs 950 crore a year ago, impacting its financial performance.</li><li>The bank identified various accounting discrepancies, including improper accounting in derivatives portfolio and misclassification of microfinance loans.</li><li>As a result, IndusInd Bank's asset quality deteriorated, with higher gross non-performing assets ratio and lower net interest income.</li></ul>

IndusInd Bank Q4 Results: Loss Widens As Lender Fights Additional Discrepancies

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