IndusInd admits to Rs 674 crore lapse, this time in microfin |...

IndusInd admits to Rs 674 crore lapse, this time in microfin

Postado

129

IndusInd Bank faced scrutiny for wrongly booking Rs 674 crore in interest income. The bank reversed the amount after a whistleblower complaint. Internal audits revealed the accounting errors. CEO Sumant Kathpalia and deputy CEO Arun Khurana resigned. The Reserve Bank of India had earlier extended Kathpalia's term by only a year. The bank initiated corrective measures following the report.

Read Full Article

Faça Login para curtir, compartilhar e comentar!

Sports

'Protective son' Rohit steals hearts during Wankhede stand inauguration - Watch

Rohit Sharma was honoured at Wankhede Stadium with the inauguration of the 'Rohit Sharma Stand.'...

Por 0 0

Business

US markets edge higher ahead with mixed sentiment amid economic concerns

US markets saw slight pre-market gains Friday, awaiting consumer sentiment and inflation updates....

Por 0 0

National

Upendra Yadav says land bill favors land mafia, vows strong opposition

KATHMANDU: Chairman of Janata Samajwadi Party, Nepal (JSP), Upendra Yadav has strongly opposed...

Por 0 9

Sports

‘Wankhede just got more iconic’: Surya's emotional tribute to Rohit Sharma

The Mumbai Cricket Association honored Rohit Sharma by renaming a stand at Wankhede Stadium after...

Por 0 24

Business

Defence stocks continue winning streak, Paras Defence jumps nearly 19%

Defence sector stocks surged following India's counter-terror operations, with Paras Defence...

Por 0 24