IndusInd Bank shares up by more than 2% today, as more clarity arises regarding accounting lapses

IndusInd Bank shares are among the top gainers at Nifty 50 today. At 2:45 p.m. IST, 29^th September, 2025, IndusInd Bank shares are up by 2.62%, trading at Rs 731.40. Nifty 50 index is up by 0.16% at this time.

Size of accounting misstatement at around Rs 2,000 crore

IndusInd Bank’s shares are gaining today after a brokerage firm upgraded the stock  from underweight to equal-weight.

IndusInd Bank’s top management also appeared before the Economic Offences Wing (EOW) of Mumbai Police last week to get their statements recorded. This, as part of the ongoing investigation into the accounting misstatements that were made in the bank’s financial statements. These misstatements were with regard to its derivative investments. According to reports, the size of the accounting lapses is of around Rs 2,000 crores.

IndusInd Bank shares have underperformed the Nifty 50 by around 28%, in 2025

Before the gains of today, IndusInd Bank’s shares lost 0.31% in the past 5 days. Year-to-date in 2025, the stock has lost 24.61%. Nifty 50 index has gained 4.01% in this period. The stock has underperformed the benchmark Nifty 50 index by more than 28% this year. Much of this underperformance is due to the accounting lapses that came into light in March this year.

The bank recently got a new CEO in Rajiv Anand. Many expect that the bank will achieve a turnaround under the new CEO as its accounting lapses issue gets resolved.

52-week high price of the stock currently is Rs 1,474.80. 52-week low price of the stock currently is Rs 606.

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Source: NSE