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Market Chatter: IndusInd Bank Faces Fresh Whistleblower Complaint; Shares Down 3%

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IndusInd Bank (NSE:INDUSINDBK, BOM:532187) shares plunged nearly 3% in early trade on Wednesday after reports of allegations of insider trading and governance failures emerged through a whistleblower complaint.

According to a report by The Economic Times on Wednesday, a fresh whistleblower complaint has been sent to the Prime Minister's Office and multiple regulators, including the Reserve Bank of India.

The complaint has sought an investigation into alleged insider trading, governance failures, and shortcomings in forensic and audit reviews at IndusInd Bank following the discovery of a derivatives accounting discrepancy worth 20 billion Indian rupees.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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