IndusInd Bank Limited — Important, 22-04-2025: General Updates

IndusInd Bank has clarified recent media reports regarding a supposed forensic audit by EY to investigate a ₹600 crore discrepancy in its microfinance portfolio. The bank's Internal Audit Department is currently conducting a thorough review of its microfinance operations, responding to certain concerns raised internally. EY is not engaged for a forensic audit but is providing assistance in examining specific records during this internal review process. The situation is ongoing, and the bank emphasizes its commitment to transparency and regulatory compliance. Investors should monitor developments closely, as any findings could influence the bank's operational integrity and future performance.