Following the IndusInd Bank scandal, the RBI begins an industry-wide investigation of derivative positions.

After IndusInd Bank revealed irregularities in the accounting of currency derivatives, the Reserve Bank of India (RBI) started reviewing the derivative books of both private and state-owned banks.

The banking regulator is keeping track of the hedging positions that banks have taken and compiling information on these deals.

According to one of the sources, who spoke on condition of anonymity, "the RBI has contacted banks to assess the hedging positions after the IndusInd Bank issue."