IndusInd Bank Limited — Others, 22-04-2025: News Verification

IndusInd Bank has provided clarification regarding a news report about a ₹600 cr discrepancy in its microfinance portfolio. The bank states it has not engaged Ernst & Young (EY) for a forensic audit; instead, its Internal Audit Department is conducting a review with EY's assistance to address specific concerns. This ongoing exercise aims to ensure the integrity of the bank's accounts. Investors may view this proactive scrutiny positively, reflecting enhanced oversight and transparency, while remaining vigilant about potential operational risks.