FRRB to review Gensol Engineering and IndusInd Bank audit reports in six months over fund misuse and accounting errors.

• Gensol faces regulatory action for diverting funds to promoters, barred from securities markets.
• IndusInd Bank hit $230M from accounting errors in derivative trades, $80M interest misrecorded.
• FRRB may refer audit failures to ICAI disciplinary committee if reports lack true and fair view.