IndusInd Bank Share Price On Tuesday after a report after a report of more than 6% in initial trade, that a private lender appointed an agency, who appointed an agency for an forensic audit for investigation 600 million discrepancy. IndusInd Bank shares declined by 6.26% 776.15 Apis on BSE.
Private sector lender IndusInd Bank has appointed EY so that a second forensic audit can be done for investigation A discrepancy of 600 crores related to interest income in its microfinance portfolio, economic time stated that two sources with direct knowledge of the case.
The newspaper report said that the issue was identified during the ongoing statutory audit for the last financial year.
The price of IndusInd Bank share has increased by 17% in a month, but banking stock is still below 17% on a year-on-year-old (YTD). In the last six months, IndusInd Bank shares have fallen by 37%, while the stock has fallen 45% in a year.
At 9:45 am, IndusInd Bank shares were trading 3.10% less 802.35 Apt on BSE.
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