Forensic Analyst, Trudence Capital Advisors

Nitin Mangal

Nitin Mangal is a Research Analyst with more than 15 years of experience in Indian equities. He is Pioneer of Corporate Governance and Accounting Research in Indian Market and has successfully developed product for Institutional Investors named as "Analysis Beyond Consensus" during his association with Edelweiss Securities Ltd, Mumbai. Later during the career, he has worked with Veritas Investment Research Corporation, Canada as Asia Consultant covering Indian and US equities. He has been profiled by leading financial newspapers such as Wall Street Journal, Business Standard etc

Forensic Analyst

IndusInd Bank Crisis: More Discrepancies, Losses, Suspected Fraud

Impact Of Contracting NIM On Indian Banks Earnings

IndusInd Bank’s Charge on Shareholder Funds: Obscurity Is the Best Policy?

Vodafone Idea Ltd- Telco's Debt Bomb Ticking Fast and Louder

Trudence Capital Advisors

Trudence Capital Advisors Private Limited is a SEBI-registered Research Analyst, holding SEBI registration number INH000015747. Our firm is dedicated to providing independent and unbiased research on Indian mid to large-cap companies. Trudence Capital is known for its counter-consensus views, with a focus on forensic research and on-ground primary investigations. Our research approach is thorough, involving detailed analysis of accounting practices and governance, alongside extensive channel checks.

Independent & Unbiased Research

Forensic Accounting

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<li>
<a href="https://www.smartkarma.com/entities/indusind-bank-ltd" target="_blank" data-smartkarma-citation="entities:1558:1" rel="noopener">Indusind Bank (IIB IN)</a> does not seem to be able to get out of hot water.</li>
<li>In yet another accounting and governance pothole, the bank has disclosed a surprising take on interest income, which was overstated by INR 6.7 bn. </li>
<li>The internal audit department also reported unsubstantiated balances of INR 6 bn in other assets, which was netted off with liabilities. </li>
</ul>



Indusind Bank (IIB IN) does not seem to be able to get out of hot water.
In yet another accounting and governance pothole, the bank has disclosed a surprising take on interest income, which was overstated by INR 6.7 bn. 
The internal audit department also reported unsubstantiated balances of INR 6 bn in other assets, which was netted off with liabilities. 


Indusind Bank

IndusInd Bank- Never Ending Trouble