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PwC May Submit IndusInd Report by Weekend
The New Indian Express Kalaburagi
|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.
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.
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