IndusInd Bank Faces Accounting Probe; Shares Drop 5%

Shares of IndusInd Bank declined by over 5% as PricewaterhouseCoopers (PwC) is set to submit its findings on possible accounting issues. The discrepancies under review could affect around ₹2,100 crore, which accounts for 2.35% of the bank’s total net worth.

To ensure a deeper investigation, the bank has also engaged Grant Thornton for a forensic audit. Meanwhile, the Reserve Bank of India (RBI) is waiting for the accountability assessment before deciding on any regulatory action.