IndusInd Bank to fix accountability, book Rs 1,960 cr loss in Q4 after derivatives probe

IndusInd Bank will penalize employees for lapses in its derivatives portfolio and reorganize senior management roles to enhance accountability. The bank will absorb a Rs 1,959.98 crore loss due to incorrect accounting in the March 2025 quarter. An independent probe revealed errors in internal derivative trades, leading to inflated profits and distorted financials.