<ul><li>IndusInd Bank has transitioned from reporting discrepancies in its derivatives portfolio to suspecting fraud, involving senior officials and former key managerial personnel.</li><li>Both the board and auditors have hinted at potential fraud offenses without taking direct accountability, leading to the resignation of the CEO and deputy CEO.</li><li>Accounting irregularities include improper derivatives transactions, misclassification of microfinance accounts, unsubstantiated balances, and unresolved past accounting issues.</li><li>The bank is now seeking a new CEO, while the RBI has not yet intervened as seen in previous banking crises, leaving the future direction of IndusInd Bank uncertain.</li></ul>

IndusInd Bank's Journey From 'Discrepancy' To 'Suspected Fraud'

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