IndusInd Bank reports decline in deposit growth amid accounting discrepancies

IndusInd Bank faced a 2% decline in term and low-cost deposits due to discrepancies in forex derivatives accounting. Retail deposits fell by Rs 3,550 crore, and total deposits grew marginally. Loan advances dropped 5.2%, with corporate loans leading the decline. The RBI approved a CEO extension, and an independent audit was initiated for the derivatives portfolio.