IndusInd Bank has announced that it will be making changes to its top management roles following a significant accounting issue. The bank’s board of directors stated on April 27 that they are taking steps to realign the roles and responsibilities of senior leaders. The bank also said that it is working to hold accountable those responsible for the financial mistakes.
Earlier, the board hired an independent external firm to investigate the cause of the financial discrepancies. The firm completed its report and submitted it to the bank on April 26, 2025. The investigation revealed that the total financial impact of the issue was ₹1,959.98 crore for the financial year ending March 2025.
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IndusInd Bank has promised to reflect the impact of the discrepancies in its financial statements for FY 2024-25 and will take steps to improve its internal controls.
IndusInd Bank Stock Performance
IndusInd Bank’s stock price closed at ₹822.25 on the last trading day, which is slightly lower than the previous session’s price of ₹819.65. Over the last five years, the stock has given investors a return of more than 75%. However, in the past year, the stock has dropped by nearly 45%.
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In the past month, the stock has seen an increase of 26.18%. The bank’s share price reached a high of ₹1,550 in June 2024, but it recently hit a low of ₹605.40 on March 12, 2025.
