Indusind Reveals Rs 674 Crore Error In Microfinance Books Flags 'other' Asset Lapse

business indusind reveals rs 674 crore error in microfinance books flags other asset lapse

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IndusInd Bank addressed a whistleblower complaint regarding discrepancies in its financial records. The bank revealed that 595 crore in "other assets" were offset against "other liabilities" in January 2025. Additionally, 674 crore was incorrectly recorded as interest in the microfinance loan book over three quarters, later reversed.

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