Followers

Sunday, March 16, 2025

IndusInd may have inflated its interest income: Reports

IndusInd Bank faces a significant financial impact as it addresses discrepancies in its foreign exchange derivative portfolio, leading to overstated net interest income. The bank's credibility is questioned, prompting swift action to rectify financials and appoint a new successor to restore investor confidence.

from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/7y0NQmz

No comments:

Post a Comment

Tractors and Farm Equipment appoints Lakshmi Venu as vice-chairperson

Lakshmi Venu, director of TAFE and daughter of CMD Mallika Srinivasan, is appointed vice-chairperson of TAFE. This aligns with the next gene...