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PwC finds accounting lapses in IndusInd treasury operations

CJPN24 AI Desk••2 min read
PwC finds accounting lapses in IndusInd treasury operations
PwC finds accounting lapses in IndusInd treasury operations
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Synopsis
A confidential PwC review of IndusInd Bank's treasury operations revealed significant accounting irregularities.

Manual entries were used to mask over ₹2,200 crore in trading losses, inflating profits and assets by ₹1,817.58 crore.

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Source: The Economic Times

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