Summary: The Bank Branch Audit 2024-25 focuses on critical financial and regulatory compliance areas. Auditors must review statutory reports, including last year’s audit reports, LFAR, tax audits, and ...

I head to San Diego for MCT Exchange 2025, and my email has been heating up. “Rob, are you hearing about a big jump in lock ...

Its forex positions were naked and not hedged, leading to losses. Also, the bank failed to apply mark-to-market accounting.

IndusInd Bank's board is appointing an independent professional firm to investigate discrepancies in its derivatives ...

The lack of an external concurrent audit on IndusInd Bank's MTM derivative losses has exposed a significant vulnerability in ...

UBS's auditors have expressed an "adverse opinion" on the bank's internal controls over its financial reporting for 2024 ...

MUMBAI: Audit firm PwC, appointed by the accounting crisis-hit IndusInd Bank to probe the discrepancies in its forex derivatives portfolio, is likely to submit its report to the board of the bank by ...

The Internal Audit Agency has unveiled its revised Risk-Based Internal Audit (RBIA) Manual and Strategic Plan (2025-2028) to enhance fiscal consolidation and discipline, and improve the management of ...

RBI states that the bank has already engaged an external audit team to review systems and assess actual impact.

The Reserve Bank of India confirmed IndusInd Bank's strong financial parameters and robust health amid reported discrepancies ...

By confronting rumours and reaffirming the bank's stability and long-term vision, Sanjay Agarwal, Founder, MD & CEO of AU SMall Finance Bank sought to reassure investors and stakeholders that the bank ...