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business how indusind spotted a 600 crore error in its microfinance book

How Indusind Spotted A ?600-crore Error In Its Microfinance Book

3hrs 52mins   👁 2

Banks book interest income from borrowers individually, since they charge different rates to different people, and the interest received from them differs as well. IndusInd's auditors noted it wasn't done that way at the bank.

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