Bank Indusind rejected media reports on April 2, indicating that PWC had submitted a report to the bank council, according to the official statement issued by the bank.
Earlier on Wednesday, one of them informed the media that PWC had submitted a report to the Council, and the Board of Directors will review it to take a decision on the following steps. Previously, there was speculation that PWC would present the report on March 28.
To investigate accounting violations, the Board of Directors of Indusind Grant Thornton was appointed to conduct a criminal review. Grant Thornton includes a comprehensive investigation to determine the fundamental cause of contradictions and assess the accuracy and effect of accounting remedies for derivative contracts according to accounting standards.
On March 10, Indusind announced the differences of the lender and the lender in his account balances related to its derivatives wallets.
Next, RBI said that Indusind Bank is well made and the bank’s financial mode is still satisfactory.
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