The crisis-hit private lender recently informed exchanges that Moody's has revised its outlook to 'negative' and downgraded the baseline credit assessment (BCA). Before this, IndusInd Bank saw several top-level exits due to the recent accounting discrepancies in the derivatives trading. It has faced multiple headwinds that clouded its near-term outlook. The alarming concern was a 2.35 per cent overstatement in its derivatives portfolio, stemming from long-standing internal trade accounting discrepancies.