By Bharath Rajeswaran
June 3 (Reuters) - Shares of IndusInd Bank pared losses on Wednesday after the private lender clarified that it has not received any communication from authorities regarding a fresh whistleblower complaint. IndusInd Bank, fell 3.1% in intraday trade after a media report said a whistleblower had sought a probe into alleged insider trading, governance failures and shortcomings in forex and audit reviews at the Indian private lender.
The bank had not received any communication from any government or regulatory authority regarding the alleged whistleblower complaint cited in the report, it said in an exchange filing.
"All concerns raised in the news item have been duly examined in the past, and appropriate actions have been undertaken in accordance with the bank’s internal policies and applicable regulatory requirements," it added.
The stock pared some of the losses after the clarification, trading 1.6% lower as of 3:00 p.m. IST. The lender's shares have fallen about 5% over the past 15 months versus a 10.5% rise in the bank index and a 7% jump in the private bank index.
The whistleblower complaint, sent to the Prime Minister's Office and multiple regulators, including the Reserve Bank of India, as per the ET report, comes after IndusInd Bank's March 2025 disclosure of a 20 billion rupee ($209.1 million) derivatives accounting discrepancy.
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