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

Dununu.com Dununu

Gesponsert

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

RSS Feed Business

Posted

157

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

Please log in to like, share and comment!

UP man held for killing dog by slamming it on road

Von 0 3

Astronomer announces investigation into CEO Andy Byron's 'extramarital affair', claims there was no other employee in viral Coldplay video

Von 0 13

To speed up NH projects, road transport min to soon start ranking states ‘ease of land acquisition’

Von 0 34

Saroj ‘unofficially married’ a 30-year-old man at 13, converted to Islam

Indian dance choreographer Saroj Khan, one of the most well-known figures in the industry, had a...

Von 0 41

Akshay once pranked Sara by feeding her garlic as prasad

Sara Ali Khan recounted a hilarious prank by Akshay Kumar on The Kapil Sharma Show, during...

Von 0 41