PwC's review uncovered manual accounting entries in IndusInd Bank's treasury, overstating profits by ₹1,817.58 crore and revealing a ₹2,200 crore receivable pool.
The review looked at transactions between April 1, 2023 and June 30, 2024
Jun 05, 2026
10:03 am
What's the storyA confidential review by PricewaterhouseCoopers (PwC) has flagged serious accounting lapses in IndusInd Bank's treasury operations.
The 71-page report, commissioned by the bank itself, found that manual accounting entries were used to offset trading losses.
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