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/kEdTh...

Read more »

IHFL, DB promoters get relief in DHFL-Yes Bank loan fraud case

The special court rejected the CBI chargesheet against Indiabulls Housing Finance Ltd and others in the Rs 4,733 crore DHFL-Yes Bank loan fraud case, citing insufficient evidence. The court also cancelled lookout circulars for several involved individuals and noted the lack of proof against DB Realty promoters and their associate firms. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/MAs5q...

Read more »