NUMBERS DON'T LIE - UNTIL THEY DO (The IndusInd Bank Scandal)
When did the matter came in news about IndusInd Bank and why it is highlighted in 2025? The discrepancies were detected between September and October 2024, following the Reserve Bank of India ’s ( RBI ) revised guidelines on derivatives. However, the bank officially disclosed the issue in an exchange filing on March 10, 2025, following a board meeting. The news about IndusInd Bank's accounting discrepancies emerged on March 11, 2025, when the bank disclosed an internal review revealing a discrepancy of approximately 2.35% of its net worth. This was followed by a sharp decline in the bank's share price. The disclosure led to a significant crash in the bank's share price, with a drop of over 27% in a single day. It is highlighted because as when you're dealing with derivatives, their value changes based on the price of the asset they're linked to—like a currency, stock, or interest rate. You might come across types like forwards, options, or swaps. In IndusInd B...