IndusInd Bank says whistleblower’s claim baseless; 84,000 loans disbursed without customer consent in May

Terming the whistleblower’s allegations on Evergreen Loans as “extremely false and baseless”, it on Saturday admitted that 84,000 loans were disbursed in May due to a “technical glitch” without the consent of customers. The private sector lender said in a clarification, lending without consent was reported by field staff in two days, and the glitch … Read more