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Bloomberg Quint

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IndusInd Bank Shares Slump After New Discrepancy Disclosed

  • IndusInd Bank shares fell over 3% after identifying two new accounting discrepancies in internal audits.
  • Rs 674 crore incorrectly recorded as interest over three quarters of fiscal 2025 was fully reversed.
  • A separate internal audit discovered Rs 595 crore unsubstantiated balances in 'other assets' account.
  • The full-year impact of discrepancies is estimated at Rs 900 crore pre-tax basis, affecting Q4 earnings.

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