By Bharath Rajeswaran
June 3 (Reuters) - Shares of IndusInd Bank slid on Wednesday 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.
IndusInd Bank fell as much as 3.12% to 884.05 rupees in the steepest decline in three weeks, making it the top percentage loser on the Nifty private bank index, which fell 0.9%.
Reuters could not independently verify the complaint or the Economic Times report.
IndusInd Bank did not immediately respond to Reuters' queries seeking comments on the report.
The lender's shares have fallen about 5.4% over the past 15 months versus a 9.6% rise in the bank index and a 6.2% 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.
It alleges manipulation of financial records, evergreening of microfinance loans, suppression of audit findings, and attempts by senior management and board members to conceal irregularities, but the Economic Times report did not specify when the alleged irregularities took place.
IndusInd Bank has undergone a series of top-level changes since its March 2025 disclosure, with veteran banker Rajiv Anand taking over as chief executive in August 2025...
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