microfinance News

IndusInd Bank Faces Scrutiny Over Rs 674 Crore Microfinance Accounting Lapse

IndusInd Bank has admitted to a Rs 674 crore accounting lapse in its microfinance portfolio, reversing the amount in Q4FY25. The issue, uncovered by a whistleblower, led to resigna...

IndusInd Bank's Profits Plummet by 39% Amid Microfinance Sector Challenges

IndusInd Bank reports a 39% drop in net profit for the December quarter, with an 85% surge in provisions and contingencies, including a significant allocation for stressed microfin...