Whistleblowers raise loan evergreening issue at IndusInd arm

These alleged transactions to dress-up the books have damaged the micro-lending business built over the years and could even trigger political backlash, the group warned in at least two emails to IndusInd's Bank CEO Sumant Kathpalia, some independent directors and RBI officials between October 17 and 24.

from Banking/Finance-Industry-Economic Times https://ift.tt/3CNfEWN