Microfinance loan disbursals during COVID-19 was a result of an IT glitch: IndusInd Bank

IndusInd BankĀ has said that the microfinance loan disbursals by its subsidiary during the COVID-19 period was the result of a technical glitch, according to the findings of audit firm Deloitte. The matter is related to allegations of disbursal of microfinance loans by its subsidiary Bharat Financial Inclusion Ltd (BFIL) between 1stĀ March 2020 and October 2021, […]