IndusInd Bank Share Price Drop Ahead of PwC Report on Accounting Issues

On March 28, 2025, IndusInd Bank share price declined by 0.97%, hitting an intraday low of ₹667 on the BSE. This drop ended the bank’s 2-day winning streak. At around 9:32 AM, the stock was trading at ₹668.50, down 0.76%, while the BSE Sensex was down 0.13% at 77,508.72. The bank’s market capitalisation stood at ₹52,052.52 crore. 

Over the past year, IndusInd Bank’s stock has dropped by 56%, whereas the Sensex has gained 5.3%. The stock’s 52-week high and low were ₹1,576 and ₹605.40, respectively.

PwC Report on Accounting Discrepancies

The decline in IndusInd Bank’s stock comes as PricewaterhouseCoopers (PwC) is set to release its report on accounting discrepancies in the bank’s derivatives portfolio. Reports suggest that an estimated ₹2,100 crore discrepancy could impact 2.35% of the bank’s net worth. PwC’s report is expected to provide details on the actual financial impact, the lapses in accounting, and necessary corrective actions.

SEBI Investigation into Insider Trading

Meanwhile, the SEBI (Securities and Exchange Board of India) is investigating potential insider trading violations at IndusInd Bank. The regulator is looking into whether 5 senior executives traded shares while possessing unpublished price-sensitive information (UPSI). SEBI has also requested details of the trades conducted by these executives.

Promoter Stake and Capital Requirement

IndusInd Bank had earlier disclosed accounting discrepancies related to its derivatives portfolio on March 10. However, IIHL Chairman Ashok Hinduja clarified that the bank has not sought additional capital from its promoters despite the financial impact. IIHL, the investment arm of the Hinduja Group, recently got approval from the RBI to increase its stake in IndusInd Bank from 16% to 26%.

Conclusion

The upcoming PwC report and SEBI investigation add pressure to IndusInd Bank, raising concerns over governance and financial stability. Investors await clarity on the impact.

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