IndusInd reveals Rs 674 crore error in microfinance books, flags ‘other’ asset lapse

May 16, 2025

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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