₹674 crore incorrectly recorded as interest: IndusInd on accounting error
IndusInd Bank on Thursday disclosed to the exchanges that a review of the bank's microfinance business found that a cumulative amount of ₹674 crore was incorrectly recorded as interest over three quarters of FY24-25. "It was fully reversed as on January 10, 2025," the bank said. A whistleblower had complained regarding "other assets" and "other liabilities" entries of the bank.