<ul><li>RBI approved re-appointment of IndusInd Bank's former CEO for only one year, raising concerns as it disallowed a three-year term twice.</li><li>IndusInd Bank's derivative portfolio discrepancies may lead to a ₹1,530 crore impact on its net worth, prompting external audits by firms like PwC, Grant Thornton, and E&Y.</li><li>External agencies found accounting discrepancies in IndusInd Bank, estimating negative financial impacts and unsubstantiated balances in business records.</li><li>IndusInd Bank's top executives resign amidst accounting errors, SEBI probes insider trading allegations, while RBI may further intervene in the bank's operations.</li></ul>

Why IndusInd Bank is staring down the barrel

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