business is indusind turmoil a one off or one of many rbi wants to know

Is Indusind Turmoil A One-off Or One Of Many? Rbi Wants To Know

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The RBI is examining whether unhedged forex liabilities are an issue specific to IndusInd Bank or a broader banking problem. IndusInd Bank disclosed discrepancies in its derivative portfolio, possibly resulting in significant financial losses. Banks have been instructed to provide detailed hedging information and ensure compliance with guidelines.