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

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

Posted

158

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!

International

'Jets were shot down': Donald Trump says stopped a lot of wars; again brings up India-Pakistan conflict

Donald Trump claimed he averted a major India-Pakistan conflict, stating the nuclear-armed...

By 0 29

International

Fresh tremors: Afghanistan struck by two more earthquakes; fifth in a week

Afghanistan faced two more earthquakes early Saturday. The magnitudes were around 4.0. This marks...

By 0 28

National

NEPSE jumps 138 points in a week after new monetary policy

KATHMANDU: Nepal’s stock market saw a notable rise this week following the announcement of...

By 0 40

Sports

'You don’t need 22 robots': Nasser defends Siraj, sees shades of 2005 Ashes in Ind-Eng series

Former England captains Nasser Hussain and Michael Atherton draw parallels between the current...

By 0 41

International

'Never seen him doodle': Ex-aide Michael Cohen questions authenticity of Trump’s Epstein letter; backs call to release files

Michael Cohen disputes the Wall Street Journal's report alleging Donald Trump drew a suggestive...

By 0 52