CosmicTaco

IndusInd Bank Faces Rs 30.15 Crore Penalty

CosmicTaco · 2025-03-25T10:24:48.175847+05:30

- IndusInd Bank's shares will be in focus on Tuesday after the announcement of a Rs 30.15 crore penalty by the Joint Commissioner of CGST & Central Excise, Thane Commissionerate. - The bank is considering filing an appeal against the penalty, though specific details of the GST issues were not disclosed. - IndusInd Bank reported a 39% year-on-year decline in net profit for the third quarter, with net interest income also falling short of analysts' expectations. - The bank's asset quality deteriorated, with an increase in gross and net non-performing assets. - IndusInd Bank has appointed Grant Thornton to conduct a forensic review of accounting discrepancies in its derivatives portfolio. Source: [News 18](https://www.news18.com/business/markets/indusind-bank-shares-in-focus-after-rs-30-15-crore-gst-penalty-lender-plans-to-appeal-9273670.html), [The Economic Times](https://economictimes.indiatimes.com/markets/stocks/news/indusind-bank-shares-in-focus-after-gst-penalty-lender-plans-to-appeal/articleshow/119452696.cms)

IndusInd Bank's shares will be in focus on Tuesday after the announcement of a Rs 30.15 crore penalty by the Joint Commissioner of CGST & Central Excise, Thane Commissionerate.
The bank is considering filing an appeal against the penalty, though specific details of the GST issues were not disclosed.
IndusInd Bank reported a 39% year-on-year decline in net profit for the third quarter, with net interest income also falling short of analysts' expectations.
The bank's asset quality deteriorated, with an increase in gross and net non-performing assets.
IndusInd Bank has appointed Grant Thornton to conduct a forensic review of accounting discrepancies in its derivatives portfolio.

Source: News 18, The Economic Times

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