The Reserve Bank of India has approved the re-appointment of M/s. Chokshi & Chokshi LLP and M/s. Borkar & Muzumdar as Joint Statutory Auditors of indusind bank for the financial year 2026-27. The approval ensures continuity in the bank's audit oversight for the upcoming fiscal year.

Regulatory Approval and Compliance

The re-appointment was granted pursuant to Section 30(1A) of the Banking Regulation Act, 1949. It aligns with the Guidelines for Appointment of Statutory Central Auditors (SCAs)/ Statutory Auditors (SAs) of Commercial Banks issued by the RBI on April 27, 2021. The decision was based on the recommendation of the Board of Directors of IndusInd Bank.

Auditor Details

M/s. Chokshi & Chokshi LLP, Chartered Accountants (FRN: 101872W/W100045), has been re-appointed for their third year. M/s. Borkar & Muzumdar, Chartered Accountants (FRN: 101569W), has been re-appointed for their second year. Both firms will serve as Joint Statutory Auditors.

The intimation regarding this approval has been uploaded on the bank's official website.

IndusInd Bank has integrated with the Employees' Provident Fund Organisation (EPFO) to enable seamless Provident Fund payments for its customers through digital platforms. The integration allows employers and establishments to select IndusInd Bank directly on the EPFO portal and complete contributions securely using the bank's Corporate Internet Banking and Mobile Banking applications, Indus Direct and INDIE for Business (MSME). This development simplifies statutory payments by bringing them onto the bank's digital rails, offering a convenient and efficient payment experience for organisations.

The integration with EPFO, under the Ministry of Labour & Employment, Government of India, marks an important milestone in IndusInd Bank 's growth journey. By facilitating direct remittance of EPFO contributions, the bank strengthens its position as a trusted banking partner for businesses and institutions. The solution is designed to help organisations meet their statutory obligations with ease while leveraging the bank's robust digital infrastructure.

Digital Banking Capabilities

IndusInd Bank's digital platforms involved in this integration include:

The bank continues to expand its 'Digital 2.0' strategy, ensuring multi-channel delivery and innovation in customer-centric offerings. As of March 31, 2026, IndusInd Bank serves around 42 million customers through a network of 3,136 branches and banking outlets.