The Headline
RBI approves Borkar & Muzumdar as IndusInd Bank auditors
Key Facts
- IndusInd Bank has received RBI approval to appoint Borkar & Muzumdar as joint statutory auditors for the bank.
IndusInd Bank appoints Borkar & Muzumdar as joint auditors: RBI gives green light
IndusInd Bank has secured RBI approval to appoint Borkar & Muzumdar as joint statutory auditors, reinforcing its governance framework. This move complements its ongoing efforts to empower startups through strategic partnerships and tailored financial solutions.
Sources:
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IndusInd Bank has appointed Borkar and Muzumdar as joint auditors following approval from the Reserve Bank of India. This move aligns with the bank's ongoing efforts to strengthen governance and oversight amid its expanding financial services and startup support initiatives.
Background Context
IndusInd Bank partners with IIM Lucknow to boost startups
Key Facts
- IndusInd Bank signed a Memorandum of Understanding (MoU) with the Enterprise Incubation Centre at Indian Institute of Management Lucknow (IIML-EIC) to empower startups with customized financial and innovation-led support.1
- The MoU aims to support startups by providing customized banking solutions such as cash management services, working capital support, and credit facilities to help manage financial operations efficiently.1
- IndusInd Bank will conduct a series of workshops and knowledge sessions to build startup capabilities in key financial areas.1
- Startups will gain exclusive access to IndusInd Bank's extensive network and strategic ecosystem partnerships, enhancing visibility, attracting investments, and focusing on innovation and scalable growth.1