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accounting lapse News

IndusInd Bank Faces Scrutiny Over Rs 674 Crore Microfinance Accounting Lapse

Emily Rodriguez 16 May, 2025

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...

Business

IndusInd Bank CEO Steps Down Following a Staggering Rs 1,960 Crore Derivatives Scandal

Jessica Bennett 30 Apr, 2025

IndusInd Bank's CEO Sumant Kathpalia resigns amid a Rs 1,960 crore derivatives accounting scandal, taking moral responsibility for the lapse. An independent probe revealed misaccou...