💨 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
88 kg smuggled gold bars, 19.66 kg studded jewellery seized in massive haul in Ahmedabad
Hexaware Triumphs at World HRD Congress 2025 with Multiple Accolades
Despite her outrage, Le Pen risks a political ban that is increasingly common in France
BJP MLAs walk out of WB assembly after Speaker disallows discussion on 'Holi violence'
High-security alert sounded in J-K after recent terror attacks in Pakistan
Defence Minister Rajnath Singh and his Netherlands counterpart Brekelmans hold talks
Panel examining issue of backwardness afresh, WB tells SC
Canara HSBC Life Insurance Partners with GIC Housing Finance to Strengthen Financial Security for Home Loan Borrowers
Land-for-jobs scam: Rabri Devi, Tej Pratap appear before ED in Patna
AAP MLA evicted from Guj assembly over refusal to remove anti-land survey sticker from t-shirt
Powered by MessengerX.io