IndusInd Bank, one of India’s leading private sector banks, has issued a formal clarification dismissing recent media reports claiming that it had engaged global professional services firm Ernst & Young (EY) for a forensic audit. In a statement released on Friday, the bank clearly stated that it has not appointed EY or any other external auditor to conduct a forensic investigation into its operations.
The clarification comes amid rising market speculation and rumors that an independent audit was being commissioned due to alleged irregularities. These unverified claims led to fluctuations in the bank’s stock performance earlier in the week, prompting the institution to step forward with a definitive response to maintain investor confidence and market transparency.
IndusInd Bank reaffirmed its commitment to regulatory compliance, transparency, and ethical governance. The bank urged stakeholders and the media to rely only on official communications and avoid speculation. The announcement aims to stabilize investor sentiment and assure customers that the bank continues to function with complete operational integrity.
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