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PwC May Submit IndusInd Report by Weekend

The New Indian Express Kannur

|

March 26, 2025

AUDITING MAJOR PwC, appointed by the accounting crisis-hit IndusInd Bank to probe the discrepancies in its forex derivatives portfolio, is likely to submit its report to the board of the bank by the weekend.

- BENN KOCHUVEEDAN @ Mumbai

According to estimates, the bank is likely to book a ₹2,100 crore loss in its forex derivatives book, as it has not been accounting the book for the past seven years. The bank has not yet disclosed how much would be the loss, except saying that it will have an impact of 2.35% of its net worth, which as of December 2024 was around ₹64,000 crore.

The RBI had asked the bank to book the losses in the ongoing quarter itself.

The New Indian Express Kannur से और कहानियाँ

The New Indian Express Kannur

India waits for clear US signals on how Russian oil curbs will play out

Trade pact talks stay the course; need more clarity on crude oil sanctions, say officials

time to read

2 mins

October 26, 2025

The New Indian Express Kannur

His Second Shot

Nishil Sheth reflects on his inspiring journey from working in independent cinema to making his OTT debut with 13th

time to read

2 mins

October 26, 2025

The New Indian Express Kannur

Pakistan's total public debt 13% higher than last year

PAKISTAN’S total public debt reached USD 286.832 billion as of June 2025, which is almost 13 per cent higher than the previous year, according to the official data.

time to read

1 min

October 26, 2025

The New Indian Express Kannur

The New Indian Express Kannur

In Hinduism, Even the Creator was Created

The word Sanantan Dharma used by politicians tries to proclaim that Hinduism is unchanging and the only disruption came because of Muslims and British, and their political opponents.

time to read

3 mins

October 26, 2025

The New Indian Express Kannur

TO BELIEVE OR NOT: FIGHTING DISINFORMATION

O believe or not to believe—that is the question confronting most of us in these times of information inundation.

time to read

3 mins

October 26, 2025

The New Indian Express Kannur

The New Indian Express Kannur

Frescoes of a Forgotten Facade

This Nawalgarh haveli is a confluence of Rajasthani architecture and European design

time to read

2 mins

October 26, 2025

The New Indian Express Kannur

The New Indian Express Kannur

A Rhythm for Reverence

Lavani Ke Rang breaks Lavani away from the popular perception that it is obscene and vulgar, while retaining its sensual spirit

time to read

3 mins

October 26, 2025

The New Indian Express Kannur

What is Real could Also be Unreal

The narrative explores how performance blurs the boundaries between identity, truth, and family

time to read

3 mins

October 26, 2025

The New Indian Express Kannur

C’GARH PLANS TO MAKE INTEGRATED CAPITAL REGION LINKING 4 CITIES

THE BJP-ruled Chhattisgarh government will venture into the major development plan next month, creating the State Capital Region (SCR) after Governor Ramen Deka approved a bill passed during the last monsoon session in the Assembly.

time to read

1 min

October 26, 2025

The New Indian Express Kannur

The New Indian Express Kannur

'We All Belong to the Same Roots'

Filmmaker Rishab Shetty speaks to Shama Bhagat about the grand prequel, Kantara Chapter 1, and what it's like to wear many creative hats

time to read

3 mins

October 26, 2025

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