India audit watchdog to complete probe of Gensol, IndusInd Bank within six months, official says
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 18 2025
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Source: Reuters
Gensol Engineering and IndusInd Bank Audits: The Financial Reporting Review Board (FRRB) will investigate the audit reports of Gensol Engineering and IndusInd Bank within six months, focusing on potential issues with financial documentation and regulatory compliance.
Regulatory Concerns: Gensol Engineering faces scrutiny for allegedly misusing company funds, while IndusInd Bank reported a significant financial impact due to incorrect accounting practices related to internal derivative trades.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
