Indusind bank news: IndusInd Bank shares have fallen by 6 percent to Rs 776 per share on 22 April. It has been reported that the bank’s board has called the Ernst and Young (EY) to conduct a second forensic audit. This new inquiry will focus on the bank’s microfinance portfolio on a disturbance of Rs 600 crore related to the interest income. Earlier this month, IndusInd Bank also appointed PWC to review its foreign exchange derivative account.
The audit of Ernst and Young (EY) is being launched by Thornon Bharat (GTB) with a lie investigation. GTB is examining the irregularities in the audit of its forex derivatives portfolio by IndusInd Bank. The field of EY will include examining working nods, identifying any case of fraud and fixing responsibility for disturbances.
Update released …………