Indusind Bank says whistleblower claims baseless; gave 84,000 loans sans client consent in May

Terming whistleblower allegations on loan evergreening as “grossly inaccurate and baseless”, on Saturday admitted to have disbursed 84,000 loans without customer consent in May owing to a “technical glitch”. Lending without the consent was reported by the field staff in two days, and the glitch was also rectified expeditiously, the private sector lender said in…Continue Reading