IndusInd Bank share price dips 6% after reports of EY to probe ₹600 crore discrepancy
IndusInd Bank share price plunged more than 6% in early trade on Tuesday after reports that the private lender has appointed an agency to carry out a forensic audit to investigate a ₹600 crore discrepancy. IndusInd Bank shares declined as much as 6.26% to ₹776.15 apiece on the BSE.
Private sector lender IndusInd Bank has appointed EY to carry out a second forensic audit to investigate a ₹600 crore discrepancy related to the accrual of interest income in its microfinance portfolio, Economic Times reported, quoting two sources with direct knowledge of the matter.
The issue was identified during the ongoing statutory audit for the previous financial year, prompting the auditors to issue an additional communication under Section…
