IndusInd Bank
ICAI can review the Financial Statements of IndusInd Bank ICAI, a top body of chartered accountants. IndusInd Bank is struggling with discrepancies of Rs 2,100 crore in accounts. The private sector lender spoke about some discrepancies in its Future and Option Portfolio on 10 March. The bank’s internal review stated that due to this, by December 2024, its total assets could have a negative impact of about 2.35 percent.
ICAI can review financial statements
Analysts estimate that the discrepancy is Rs 2,100 crore. In view of this, the Financial Reporting Review Board (FRRB) of the Indian Institute of Classes Accountant (ICAI) can review the bank’s financial statements. ICAI Chairman Charanjot Singh Nanda told PTI-language on Thursday, “ICAI-FRRB can review the financial statements of IndusInd Bank.” FRRB reviews the financial statements of companies to assess the compliance of Schedule to Accounting Standards, Companies Act, 2013 of Auditing. FRRB Reserve Bank of India (RBI) evaluates compliance with accounting and audit related instructions.
IndusInd Bank share
IndusInd Bank shares closed down on Thursday. The stock closed at Rs 672.10 on Thursday at the Bombay Stock Exchange at Rs 672.10 or Rs 12.60. The 52 week high of this stock is Rs 1576. At the same time, 52 Week Low is 605 rupees. The company’s market cap is Rs 52,360.25 crore.
(PTI/Language)
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