IndusInd Bank shares dropped over 5% to ₹635.15 after reports that external auditor PwC would submit its report on Friday regarding accounting discrepancies in the bank’s derivatives portfolio. The ₹2,100 crore lapse could impact 2.35% of the bank’s net worth. The Reserve Bank of India has directed the bank to take corrective action this quarter. A forensic audit by Grant Thornton is also underway.
IndusInd Bank: Shares Plunge 5% on Accounting Discrepancies
