IndusInd Bank Ltd. said that it has received no communication from the government in regards to reports claiming that a fresh whistleblower complaint had been sent to the Prime Minister's Office on alleged governance lapses.

The bank's clarification comes as its share fell over 3% to a low of Rs 884.05 apiece on Wednesday after the reports surfaced.

"In this regard, we wish to clarify that the Bank has not received the communication from any government or regulatory authority, as referred to in the aforesaid news item, regarding receipt of the captioned whistleblower complaint by them," the bank said in an exchange filing.

According to the report, a whistleblower complaint had been submitted to the Prime Minister's Office, the Reserve Bank of India (RBI), the Serious Fraud Investigation Office (SFIO), the National Financial Reporting Authority (NFRA) and other agencies.

Further, it highlighted that the complaint sought an investigation into alleged insider trading, governance failures and shortcomings in forensic and audit reviews at the bank following the discovery of a Rs 2,000 crore derivatives accounting discrepancy.

To this, the bank responded that all concerns raised in the news item have been duly examined in the past, and appropriate actions have been undertaken.

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IndusInd Bank highlighted that it has also proactively reported certain matters to the relevant authorities...

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