IndusInd Bank's auditors dropped 'derivative valuation' from their key audit matters in the 2023-24 financial year, despite it being a significant concern earlier. This shift occurred even as the RBI issued directives in 2023 affecting the bank's accounting practices, leading to the eventual announcement of ₹1,500 crore in derivative losses by March 2025.
from Banking/Finance-Industry-Economic Times https://ift.tt/P3iE5Bl
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