Indusind Bank says whistleblower claims baseless; gave 84,000 loans sans client consent in May
At the end of September, 26,073 of these 84,000 clients were active with the loan outstanding at Rs 34 crore, which is 0.12 per cent of the September-end portfolio, the bank said, adding that it carries necessary provisions against the loans.
Investec Capital sets up its maiden credit alternative investment fund in IndiaThe Emerging India Credit Opportunities Fund I will aim to raise up to Rs 1,000 crore. The fund will typically target senior, secured credit investments in India-focused mid-market businesses with expertise in niche segments.
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