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.

More To Explore

India’s Kamikaze drone strike on Pakistan boosts this Israeli stock with an Adani connection

NASDAQ-listed Elbit Systems rose 4.7% over two days, from $400.00 on May 6 to $418.97 on May 8, following India’s initiation of “Operation Sindoor”, a

May 9, 2025

Ravi Infrabuild Projects files draft papers with Sebi to raise Rs 1,100 cr through IPO

Ravi Infrabuild Projects Limited plans to raise Rs 1,100 crore through an IPO. The company has filed papers with SEBI for approval. The IPO consists

May 9, 2025

Advertiser Disclosure

Great-investor.com helps users across the globe to find out The latest news, Guides, and Info about finance and investments. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data.

Disclaimer

It is our organization’s primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While great-investor.com has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by great-investor.com, nor shall it bias our reviews, analysis, and opinions. Please see our General Disclaimers for more information

Top10 International FZ LLE | 17th Floor, Creative Tower | 4422 | Fujairah | TRN: 100608946800003