IndusInd Bank Share Price Drops 6% Amid Forensic Audit Over ₹600 Crore Discrepancy

IndusInd Bank’s share price dropped by 2.56% on April 22, 2025 at 10:20 AM on the NSE, to ₹807, down by ₹21.20 from the previous close of ₹828.20.  

The stock opened at ₹790, reached a low of ₹775.40, and peaked at ₹800. This decline marked the end of a five-session gaining streak, as the stock had been on a steady upward trend in recent trading sessions. 

IndusInd Bank Appoints EY for ₹600 Crore Audit 

Private sector lender IndusInd Bank has engaged EY for a second forensic audit to examine a ₹600 crore discrepancy concerning the accrual of interest income in its microfinance portfolio, according to a report by Economic Times, citing two sources with direct knowledge of the matter. 

The issue was discovered during the ongoing statutory audit for the previous financial year, leading the auditors to issue an additional communication under Section 143(12) of the Companies Act, 2013, the report further stated. 

Read More: IndusInd Bank Under Scrutiny for ₹1,979 Crore Loss in Derivatives Book.  

Share Price Performance

IndusInd Bank’s share price has risen by 17% over the past month, but remains 17% lower on a year-to-date basis. In the last six months, the stock has dropped 37%, and it is down 45% compared to the same time last year.

Conclusion 

The sharp drop in IndusInd Bank’s share price reflects growing investor concerns following the initiation of a second forensic audit by EY into a ₹600 crore discrepancy in its microfinance operations.  

While the stock had shown strong momentum in recent weeks, this development has disrupted its upward trajectory. Investors are likely to monitor the audit outcomes closely for clarity and future implications. As always, stakeholders should remain cautious and base their decisions on comprehensive analysis and risk assessment. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.