22/4/2025, 8:30:05 am

IndusInd ropes in EY to conduct another audit

IndusInd Bank appointed EY to conduct a second forensic audit investigating a ₹600 crore discrepancy in microfinance interest accrual, flagged during the statutory audit. This follows an additional audit by Grant Thornton Bharat on forex derivatives. The issue occurred in the last fiscal year, possibly in Q2 or Q3, with EY probing potential fraud.