IndusInd Bank has constituted an executive-level Project Management Group to strengthen internal financial systems and controls. This comes after the lender reported accounting discrepancies linked to its derivatives portfolio worth around ₹1,960 crore in March. SEBI's earlier order revealed that the bank was aware of the discrepancies 15 months before it disclosed them to market exchanges.
short by
Shristi Acharya /
07:40 pm on
18 Oct