Finance
Mr. BillionhairIndusInd Bank's Accounting Fiasco: SFIO Goes All In!
IndusInd Bank, folks, is in deep trouble! The SFIO is diving into their accounting mess – it's huge! They’re reporting a mind-blowing loss of 2,329 crore! Former leaders are out, and they’re going after those big bonuses! It’s a total disaster, but don’t worry, we’ll make banking great again!
few days ago | Subrata Panda
Quick rundown
1.IndusInd Bank faces SFIO probe over accounting discrepancies.
2.Mumbai Police EOW found no evidence of fund siphoning.
3.Bank reported a net loss due to accounting corrections.
4.Former CEO and deputy CEO resigned amid financial turmoil.
5.Current management seeks to recover bonuses from former executives.
