 "home loan")
A subsidiary of Indusind Bank disbursed nearly 84,000 loans without customer consent in May 2021 due to a technical glitch, said the private lender on Saturday as it denied allegations of evergreening.
An independent review will fix process lapse or accounting failure at Bharat Financial Inclusion Ltd (BFIL), the bank’s microfinance arm. Customer consent was not recorded at the time of loan disbursement but the bank’s field staff highlighted the miss within two days and the glitch was rectified immediately, Indusind Bank said in a statement.
"The bank strongly denies the allegations of ‘evergreening'. All the loans originated and
