In a significant restructuring of its third-party sourcing channels, HDFC Bank, India’s largest private sector lender, has officially prohibited its external agents from mobilizing...
In a massive disclosure that has sent shockwaves through India’s financial sector, a confidential review conducted by PricewaterhouseCoopers (PwC) has exposed severe accounting irregularities and structural control collapses within IndusInd Bank’s treasury operations.
The 71-page investigative report, commissioned by the bank’s board, reveals that back-office...
In a significant restructuring of its third-party sourcing channels, HDFC Bank, India’s largest private sector lender, has officially prohibited its external agents from mobilizing...
In a massive disclosure that has sent shockwaves through India’s financial sector, a confidential review conducted by PricewaterhouseCoopers (PwC) has exposed severe accounting irregularities and structural control collapses within IndusInd Bank’s treasury operations.
The 71-page investigative report, commissioned by the bank’s board, reveals that back-office...
In a significant restructuring of its third-party sourcing channels, HDFC Bank, India’s largest private sector lender, has officially prohibited its external agents from mobilizing...
Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has unanimously voted to keep the policy repo rate unchanged at 5.25%. This marks the third consecutive meeting where the central bank has maintained a status quo on borrowing costs.
Announcing the decision at the conclusion...
The Enforcement Directorate (ED) has widened its net in the multi-crore money laundering investigation against Cyprus-based illegal betting platform Parimatch. In a significant development,...
The Enforcement Directorate (ED) has widened its net in the multi-crore money laundering investigation against Cyprus-based illegal betting platform Parimatch. In a significant development, the federal agency has questioned leading quick-commerce platform Zepto regarding its promotional tie-ups with the banned gambling entity.
The development highlights...