IndusInd Bank red flags ignored for years as misreporting went unchecked

NPAs didn’t just differ they widened year after year

Alleged issues at IndusInd Bank stretch across multiple fiscal years, with reported concerns over lending and risk management plus disclosures. Variances in gross and net NPAs emerged in FY16, followed by misreporting in FY17. The widening gap has raised questions about whether regulatory rules were respected as divergences grew.