Based on the PwC report submitted on Tuesday, IndusInd Bank said it has assessed an adverse impact (on a post-tax basis) of 2.27% to the bank’s net worth as of December 2024 due to these discrepancies. Early March, when the gaps were first formally announced, the assessment was that the impact would amount to 2.35% of net worth.
Muskets, markets and models: Why AI is the new engine of revolution
From agriculture’s dawn to the digital age, revolutions have consistently reshaped power dynamics. Ownership of land, machines, and now artificial intelligence has redefined societal structures