https://www.taxtmi.com/news?id=44343 Accounting lapses and disclosure failures in derivative and microfinance portfolios led to material adjustments, increased provisioning and a sharp profit decline; an external assessment quantified adverse balance-sheet impact and internal audit found unsubstantiated balances and misrecorded interest. Senior executives resigned and an interim committee was appointed, while the bank is assessing roles to fix accountability and pursuing remedial and compliance measures under applicable laws. en-us Wed, 21 May 2025 19:16:03 +0530 Wed, 21 May 2025 19:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=44343 Accounting lapses and disclosure failures in derivative and microfinance portfolios led to material adjustments, increased provisioning and a sharp profit decline; an external assessment quantified adverse balance-sheet impact and internal audit found unsubstantiated balances and misrecorded interest. Senior executives resigned and an interim committee was appointed, while the bank is assessing roles to fix accountability and pursuing remedial and compliance measures under applicable laws. News - Wed, 21 May 2025 19:16:03 +0530 https://www.taxtmi.com/news?id=44343