HDFC Bank has used ingenious ways to understate its profits under Indian provisioning rules for FY2000. Apparently the year ended with the bank being flush with profits and, therefore, management decided to use some of its FY2000 profits for future contingencies.
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Rabindra Kishen Hazari Jr.
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https://www.youtube.com/watch?app=desktop&v=-Sfxwu51wXI
India’s Adani Group loses half its stock value after fraud accusations
Canadian Broadcasting Corporation (CDC) News
https://www.youtube.com/watch?v=ELsrFnaszqA
You can read the entire article here