IndusInd Bank says net worth to take 2.35% hit due to account discrepancies

Private lender IndusInd Bank said on Monday it expects a 2.35% decline in its net worth as of December 2024, due to some discrepancies in its accounts found during an internal review.

The bank has appointed a reputed external agency to independently review and validate the internal findings, IndusInd Bank said in a stock exchange filing, without disclosing details on the nature of the discrepancies.

The bank’s profitability and capital adequacy remains healthy to absorb this “one-time impact,” it added.