IndusInd Bank clarifies on new accounting irregularities, says Rs 674 crore ‘incorrectly recorded as interest’
The IndusInd Bank on Thursday said that the lender’s Internal Audit Department report showed that it had incorrectly recorded Rs 674 crores as interest for three quarters of fiscal 2025. The report, submitted on May 8, also found unsubstantiated balances aggregating to Rs 595 crore in “other assets” accounts of the bank, the Hinduja Group-owned…