https://www.taxtmi.com/news?id=44350 The board treated the matter as accounting fraud, reporting alleged involvement of senior personnel and former key management in overriding internal controls, and directed reporting to regulatory and investigative authorities. Internal and external reviews found misstatements in the derivative portfolio, microfinance interest recognition, and unsubstantiated balances, prompting materially higher provisioning and corrective measures to assess root causes, fix accountability, and strengthen governance while management and the board oversee leadership transition. en-us Wed, 21 May 2025 20:16:03 +0530 Wed, 21 May 2025 20:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=44350 The board treated the matter as accounting fraud, reporting alleged involvement of senior personnel and former key management in overriding internal controls, and directed reporting to regulatory and investigative authorities. Internal and external reviews found misstatements in the derivative portfolio, microfinance interest recognition, and unsubstantiated balances, prompting materially higher provisioning and corrective measures to assess root causes, fix accountability, and strengthen governance while management and the board oversee leadership transition. News - Wed, 21 May 2025 20:16:03 +0530 https://www.taxtmi.com/news?id=44350