India’s IndusInd Bank to take $230 million hit in 2024-25 accounts
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 27 2025
0mins
Source: Reuters
Financial Impact: IndusInd Bank will incur a $229.56 million loss for the financial year ending March 31, 2025, due to incorrect accounting of derivatives over several years, confirmed after internal and external reviews.
Accountability Measures: The bank is taking steps to hold accountable those responsible for the discrepancies and has ceased internal derivative trades since April, with earnings report expected before May 15.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
