IndusInd Bank appoints Borkar & Muzumdar as new joint statutory auditor

IndusInd Bank Limited announced on August 29, 2025, that its shareholders, during the 31st annual general meeting (AGM), approved the appointment of M/s. Borkar & Muzumdar, Chartered Accountants, as one of the joint statutory auditors. This appointment is effective from the conclusion of the 31st AGM and will continue until the conclusion of the 34th AGM, subject to annual approval by the Reserve Bank of India. M/s. Borkar & Muzumdar replaces M/s M S K A & Associates, Chartered Accountants, which ceased its term as a joint statutory auditor upon completing three years of service.

M/s. Borkar & Muzumdar is a well-established firm with over 75 years of experience in assurance, taxation consultancy, and financial advisory services. The firm's registered office is in Mumbai, and it maintains a presence across more than 10 states in India. It currently boasts a team of 18 partners and over 230 staff members, including qualified chartered accountants, experienced associates, trainees, and support personnel.

The change in auditors aligns with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This intimation provides details as required by SEBI listing regulations and is also available on IndusInd Bank's website.