Who is to blame for ₹1,500cr accounting fiasco at IndusInd Bank?

Sugata GhoshTHE ECONOMIC TIMES

Mar 19, 2025 | 11:53 IST

It’s a tale of divergent accounting treatment within a bank, permitted at the time, and convenient choices that later proved expensive

IndusInd Bank’s guarded statements. A flurry of accounting jargon. A maze of derivative deals behind the numbers. Social media chatter. Confusion. And then, the Reserve Bank of India’s (RBI’s) reassurance on a festive weekend. As the story plays out amid rating action and a 24% fall in the stock, the declaration of the bank’s derivative losses, estimated at more than ₹1,500 crore, has thrown up many questions.

What took the IndusInd management so long to declare the losses?

TOI

TOI

Who is to blame for ₹1,500cr accounting fiasco at IndusInd Bank?

It’s a tale of divergent accounting treatment within a bank, permitted at the time, and convenient choices that later proved expensive

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TOI

Who is to blame for ₹1,500cr accounting fiasco at IndusInd Bank?

It’s a tale of divergent accounting treatment within a bank, permitted at the time, and convenient choices that later proved expensive

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