IndusInd Bank Limited — Important, 20-03-2025: General Updates

The Bank is undergoing a review by an external agency regarding discrepancies identified in its derivative portfolio. Following this, the Board has appointed an independent professional firm to conduct a comprehensive investigation. This investigation aims to identify the root cause of the discrepancies, assess the accuracy of the accounting treatment for derivative contracts in alignment with prevailing standards, pinpoint any lapses, and establish accountability. The outcomes are anticipated to influence the Bank's financial statements significantly. Investors should be aware of potential impacts on financial performance and management trust, thus noting this situation closely.