IndusInd ropes in EY to conduct another audit, to probe Rs 600cr discrepancy in microfinance portfolio

April 22, 2025

IndusInd Bank has appointed EY to conduct a forensic audit into a ₹600 crore discrepancy related to interest income in its microfinance portfolio, flagged during the statutory audit. This investigation aims to identify any lapses and determine accountability. It is separate from the ongoing Grant Thornton Bharat probe into forex derivatives portfolio irregularities.

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