India's IndusInd Bank slips on report of whistleblower complaint
India's IndusInd Bank slips on report of whistleblower complaint By Bharath Rajeswaran
June 3 (Reuters) - Shares of IndusInd Bank INBK.NS slid on Wednesday after the Economic Times reported that a whistleblower complaint has sought a probe into alleged insider trading, governance failures, and shortcomings in forex and audit reviews at the private Indian lender.
The shares fell as much as 3.12% in their steepest decline in three weeks to 884.05 rupees apiece to be the top loser on the private bank index .NIFPVTBNK, which declined 0.9%.
The complaint, sent to the Prime Minister's Office and multiple regulators, including the Reserve Bank of India, as per the ET report, adds to mounting scrutiny of IndusInd after its March 2025 disclosure of a 20 billion rupee ($209.12 million) derivatives accounting discrepancy.
IndusInd Bank did not immediately respond to Reuters queries seeking comments on the report.
The lender's shares have fallen 5.1% over the past 15 months.
($1 = 95.6400 Indian rupees)
(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Mrigank Dhaniwala)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
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