ICAI begins review of IndusInd Bank, Gensol accounts, says audit probe may take six months; disciplinary action to follow if lapses found – Times of India

ICAI begins review of IndusInd Bank, Gensol accounts, says audit probe may take six months; disciplinary action to follow if lapses found – Times of India

The Institute of Chartered Accountants of India (ICAI) has begun reviewing the financial statements of IndusInd Bank and Gensol Engineering and expects the process to take at least six months before any action is taken against auditors for alleged lapses.ICAI president Charanjot Singh Nanda said the review is being handled by the Financial Reporting Review…

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ICAI to review fin statements of IndusInd – Times of India

ICAI to review fin statements of IndusInd – Times of India

NEW DELHI: The Institute of Chartered Accountants of India (ICAI) will review fraud-hit IndusInd Bank’s financial statements for 2023-24 and 2024-25. ICAI’s Financial Reporting Review Board (FRRB) will carry out the review. FRRB conducts the review of financial statements of companies to assess compliance with accounting standards, standards on auditing, among others. Starting with a…

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Sebi bars former IndusInd Bank CEO Sumant Kathpalia, 4 others from accessing securities markets – Times of India

Sebi bars former IndusInd Bank CEO Sumant Kathpalia, 4 others from accessing securities markets – Times of India

NEW DELHI: Securities and Exchange Board of India (Sebi) issued directives on Wednesday prohibiting Sumant Kathpalia, former CEO of IndusInd Bank, and four other individuals from participating in securities market activities. The regulatory body has also impounded Rs 19.78 crore from them through an interim directive.The other executives facing restrictions include Arun Khurana, who served…

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Sebi probing IndusInd Bank’s senior management for ‘egregious violations’ – Times of India

Sebi probing IndusInd Bank’s senior management for ‘egregious violations’ – Times of India

The Securities and Exchange Board of India (Sebi) announced on Thursday that it is investigating potential violations by IndusInd Bank’s senior management, alleging accounting frauds estimated at Rs 3,400 crore.While the Reserve Bank of India (RBI) will handle the primary investigation, Sebi is specifically examining the alleged securities market violations by bank officials.“The RBI is…

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BSE Sensex rejig: BEL to replace IndusInd Bank, Tata Group’s Trent to oust Nestle from June 23, 2025 – Times of India

BSE Sensex rejig: BEL to replace IndusInd Bank, Tata Group’s Trent to oust Nestle from June 23, 2025 – Times of India

The rejig for Sensex and additional indices were announced by BSE’s fully-owned subsidiary Asia Index Private Limited after today’s trading session. (AI image) BSE Sensex rejig: Tata Group’s retail arm Trent is all set to replace FMCG giant Nestle India whilst defence PSU Bharat Electronics Limited (BEL) will replace IndusInd Bank in the BSE Sensex…

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IndusInd Bank posts record Rs 2,329 cr Q4 loss amid deep cleanup, leadership crisis – Times of India

IndusInd Bank posts record Rs 2,329 cr Q4 loss amid deep cleanup, leadership crisis – Times of India

Representative image (Picture credit: IANS) Fraud-hit IndusInd Bank on Wednesday posted a record net loss of Rs 2,329 crore for the March quarter, its worst-ever performance, after the lender took a series of one-time hits to clean up its books and recognise past accounting lapses. The heavy quarterly setback followed deep-rooted governance failures, incorrect reporting…

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IndusInd Bank में 172.58 करोड़ का घोटाला, तीन तिमाहियों तक चलती रही गड़बड़ी

IndusInd Bank में 172.58 करोड़ का घोटाला, तीन तिमाहियों तक चलती रही गड़बड़ी

IndusInd Bank ने हाल ही में अपने माइक्रोफाइनेंस ऑपरेशन्स में एक बड़े आंतरिक धोखाधड़ी के मामले का खुलासा किया है. बैंक के मुताबिक, 172.58 करोड़ की रकम को गलत तरीके से “फीस इनकम” के तौर पर दिखाया गया, जो कि वित्त वर्ष 2024-25 की तीन तिमाहियों में दर्ज किया गया था. इस धोखाधड़ी की परतें…

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