IndusInd Bank shares slip 6% after internal audit flags Rs 595 crore discrepancy in 'other assets'
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IndusInd Bank shares slipped by 5.6% to their day’s low of Rs 735.95 on the BSE in early trade on Friday after the private lender revealed that its internal audit department (IAD) found "unsubstantiated balances" of Rs 595 crore under "other assets" in its balance sheet. The audit also reviewed the roles of key employees involved in the matter. In a regulatory filing on Thursday, the bank said the discrepancy was uncovered following a whistleblower complaint. The Audit Committee had subsequently directed the IAD to examine transactions recorded in both "other assets" and "other liabilities". The IAD submitted its findings on May 8, 2025, confirming that Rs 595 crore in “other assets” was unsubstantiated. These balances were later set off against corresponding entries in “other liabilities” in January 2025, the bank said. The audit also evaluated the actions of key employees linked to the lapse. This...
