IndusInd Bank: More trouble? EY probing Rs 600 crore discrepancy? 'Bank is engaged with...' - Lender comments

Bank EY Audit: Shares of the private lender fell around 5 per cent during Tuesday's trading session as a development claimed that IndusInd Bank has picked EY to investigate the Rs 600 crore discrepancy and find out whether it stemmed from fraud and determine accountability. Now, the lender has issued a statement on the same. IndusInd Bank EY Audit: Share price of private lender IndusInd Bank slipped around 5 per cent during intraday trade on Tuesday after it emerged that it has appointed EY to conduct a second forensic audit to probe a Rs 600 crore discrepancy in its microfinance portfolio. The update came over a month after the bank informed about accounting lapses. The development claimed that IndusInd Bank has picked EY to investigate the Rs 600 crore discrepancy and find out whether it stemmed from fraud and determine accountability. Economic Times reported that this comes as the private lender’s statutory auditors flagged the issue during their review of FY25.