💨 Abstract
Moody's has placed IndusInd Bank's credit assessment under review for downgrade due to internal control discrepancies in derivative accounts and retail loan stress. The bank discovered a $175 million accounting discrepancy related to currency derivatives, leading to a potential Rs 2,000 crore loss in Q1 2025.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
Suggested
India's imports of solar cells and modules declined by 20% and 57% in first eight months of 2024-25: Report
David Warner wishes to live the Indian dream to its fullest: Cricket, social media & now film
Human Rights Council of Balochistan reports alarming surge in enforced disappearances
Nagpur violence seems premeditated; 'Chhaava' film reignited people's emotions: Fadnavis
PM Modi writes to Sunita Williams, invites her to visit India
Railway fares in India far less than neighbouring countries: Vaishnaw
Aioten Digital Private Limited: India's First White-Label Music Distribution Pioneer
Tencent expands AI push with open-source 3D generation tools
Samsung to face questions from shareholders after AI chip failings, stock price drop
Kerala sets example for country in tribal voter inclusion
Powered by MessengerX.io