27/3/2025, 5:00:04 pm

PwC's initial IndusInd Bank findings may have led to forensic audit

IndusInd Bank has ordered a forensic audit following a PwC probe into accounting deficiencies in derivative instruments. The final report is expected by March 28, 2023. The bank disclosed potential lapses on March 10, estimating a 2.35% hit on net worth, equivalent to Rs 1,500 crore. Grant Thornton is conducting the forensic audit, with findings pending.