IndusInd Bank slips 5% ahead of accounting discrepancies report on Mar 28

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The story "IndusInd Bank slips 5% ahead of accounting discrepancies report on Mar 28" was covered 3 days ago by Business Standard, a news publisher based in India.

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IndusInd Bank slips 5% ahead of accounting discrepancies report on Mar 28 - Business Standard

Quick Summary:

Meanwhile, the past year has been challenging for IndusInd Bank.

The run on the stock comes ahead of a PwC report on the private sector lender's accounting discrepancies scheduled to release on March 28.

Given the recent events, we are finding it difficult to make an assessment, and thus, the bank is staring at significant risk of an earnings downgrade,” the brokerage firm said in the stock update.