scorecardresearch
Clear all
Search

COMPANIES

No Data Found

NEWS

No Data Found
Sign in Subscribe
IndusInd Bank Issue: Why is Evergreening Hurting IndusInd Bank?

IndusInd Bank Issue: Why is Evergreening Hurting IndusInd Bank?

0 seconds of 0 secondsVolume 0%
Press shift question mark to access a list of keyboard shortcuts
Keyboard Shortcuts
Shortcuts Open/Close/ or ?
Play/PauseSPACE
Increase Volume
Decrease Volume
Seek Forward
Seek Backward
Captions On/Offc
Fullscreen/Exit Fullscreenf
Mute/Unmutem
Decrease Caption Size-
Increase Caption Size+ or =
Seek %0-9
00:00
00:00
00:00
 

IndusInd Bank has been under fire for the past some days. This after whistleblowers have raised concerns over the bank's micro finance subsidiary giving out evergreen loans. IndusInd Bank has refused the allegations but it did confirm that due to a technical glitch nearly 84,000 loans were disbursed without customer consent. So, what is evergreening of loans and why is IndusInd Bank in a soup?

Advertisement