India's IndusInd Bank slides as fresh whistleblower complaint reignites governance concerns

Indusind Bank

03/06/2026 04:54

** Private lender IndusInd Bank's shares INBK.NS fall as much as 3.12% to 884.05 rupees apiece
** Drop after the Economic Times reports a fresh whistleblower complaint seeking a probe into alleged insider trading, governance failures, and shortcomings in forex and audit reviews 
** The complaint, sent to the Prime Minister's Office and multiple regulators including the Reserve Bank of India, adds to mounting scrutiny of the lender 
** The report follows IndusInd's earlier disclosure of a 20 billion rupee derivatives accounting discrepancy, which has already weighed on investor confidence 
** Since March 7, 2025 when the lender disclosed the accounting discrepanies, INBK has dropped 5.1% in 15 months
** The fresh allegations deepen concerns over internal controls and oversight at the bank
** IndusInd Bank did not immediately respond to Reuters queries seeking comments on the report
** IndusInd's stock is up 3% so far in 2026, compared with a 11% decline in the Nifty 50 index .NSEI, exchange data shows

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))