PwC finds accounting lapses in IndusInd treasury operations

A confidential PwC review of IndusInd Bank's treasury operations revealed significant accounting irregularities. Manual entries were used to mask over ₹2,200 crore in trading losses, inflating profits and assets by ₹1,817.58 crore. The report highlighted a disconnect between the bank's risk management and trading desks, leading to overstated financial figures.

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