Moody’s expected to announce IndusInd Bank rating decision within 2 months

Moody's is scrutinizing IndusInd Bank's risk management and leadership transition, following revelations of accounting discrepancies in forex derivatives. The review, initiated last month, aims to assess the bank's capabilities, with a decision expected within 90 days. An external report highlighted a potential ₹1,979 crore negative impact as of June 30, 2024.