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Deloitte resigns from Indian non-bank lender

Auditor steps down as Big Four come under pressure after shadow banking crisis unfolds in India

  © Reuters

NEW DELHI (Financial Times) -- Deloitte has resigned as auditor of an embattled non-bank lender in India, marking the latest in a series of resignations that come as New Delhi is putting the Big Four auditor firms under scrutiny.

In a statement posted to the Bombay Stock Exchange on Tuesday, Dewan Housing Finance Corporation Limited said Deloitte had stepped down "with immediate effect" after raising concerns about intercorporate deposits and lack of transparency.

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