IndusInd Bank Shares Slide on Fresh Accounting Lapses

IndusInd Bank shares fell 4% to Rs 750 on May 16 after disclosing two major accounting lapses. Brokerages downgraded the stock and slashed earnings forecasts for FY25–27. The Internal Audit Committee flagged Rs 674 crore in misreported interest and Rs 595 crore in unsubstantiated assets, raising serious governance concerns.