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

Dununu.com Dununu

Sponsor

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

RSS Feed Business

Posted

113

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!

Rajendra Lingden accuses govt of prohibition politics

KATHMANDU: Rastriya Prajatantra Party (RPP) Chair Rajendra Lingden has accused the government of...

By 0 13

AEEE phase 2 result 2025 declared: Check direct link to download rank card here

By 0 19

CLAT result 2025 expected to release soon: Check details and steps to access marksheets here

By 0 19

Nepali women qualify for Super Three in ICC T20 World Cup Asia qualifiers

KATHMANDU: The Nepali women’s cricket team has successfully advanced to the Super Three...

By 0 20

Leonardo DiCaprio TROLLED

A new designer perfume campaign starring Theo James and Vittoria Ceretti has ignited social...

By 0 20