💨 Abstract

On March 11, 2025, shares in India's fifth-largest private sector bank, IndusInd, plummeted 27.17% due to an accounting discrepancy worth Rs. 1,577 crore in its foreign exchange derivatives portfolio. This accounting mishap, which erased thousands of crores in market capitalisation, deepened concerns over the bank's governance and financial stability.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖