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Indostar To Create Additional Provision After Review Finds Process Deviations

The impact of additional provisioning will be disclosed in the audited financial results of the company.

Smriti Chaudhary

[Source: Masarath Alkhaili/Unsplash]

Indostar Capital Ltd. will create an additional credit-loss provision on account of financial control deficiencies found in its commercial vehicle loan portfolio.

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Smriti Chaudhary
Smriti Chaudhary is a Correspondent at NDTV Profit. She covers Telecom sect... more
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