Indus Bank Borad of Directors declared on 20 March 2025 its plan to appoint an independent professional firm for conducting a detailed and comprehensive investigation related to its discrepancies connected with derivative portfolio.
The investigation will focus on root cause of the discrepancy , evaluation of accuracy and impact of the accounting contracts, evaluation of compliance of current accounting standards .
The main purpose of the proposed investigation is to assess the potential risk related to bank's derivative contracts.
The outcomes of the investigation may help the bank to adress such issues in future if arises.
The investigation will focus on root cause of the discrepancy , evaluation of accuracy and impact of the accounting contracts, evaluation of compliance of current accounting standards .
The main purpose of the proposed investigation is to assess the potential risk related to bank's derivative contracts.
The outcomes of the investigation may help the bank to adress such issues in future if arises.