IndusInd Bank probing key management persons for "wrongful accounting practices"

IndusInd Bank is investigating former key management personnel for potential accounting fraud, leading to a significant net loss of ₹2,328 crore in Q4 and a 71% drop in FY25 net profit. The probe revealed concealed wrongful practices and misleading information to the board and auditors. The bank aims for a 'clean slate' in FY26 after addressing these issues.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/J4o1Uhr
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