Explained: Why Rs 1,577 crore discrepancy made Rs 15,000 crore hole in IndusInd Bank market value

IndusInd Bank stated that the accounting discrepancies will negatively affect its net worth by 2.35% as of December 2024. The post-tax impact is estimated at Rs 1,577 crore, based on preliminary findings, and will be reflected in the bank's earnings for the fourth quarter.