IndusInd Bank share price: Stock plunges 6%; rating downgraded by brokerages - More slide or recovery?

Bank Share Price : Shares of private lender IndusInd Bank on Friday (May 16) fell as much as 6 per cent after the firm said its Internal Audit Department (IAD) has found "unsubstantiated balances" of Rs 595 crore in "other assets" of its balance sheet, and has also examined the roles of key employees in this lapse. The stock tanked 5.68 per cent to Rs 735.95 on the BSE. At the NSE, shares of the firm dropped 3.90 per cent to Rs 750.