IndusInd Bank (IIB) hosted a concall led by Mr Sumant Kathpalia, MD & CEO, to discuss the concerns around the whistleblower complaint regarding the evergreening of loans in its MFI subsidiary (Bharat Financial Inclusion Limited BFIL) and the disbursements of loans without customer consent. Here are the key takeaways: The management has strongly refuted the allegations around the evergreening of loans, citing it as inaccurate and baseless. It has further clarified the inadvertent disbursements to ~84k accounts happened without customer consent due to a technical glitch. However, of these, only 26k clients were...