Trouble-hit IndusInd Bank slapped with Rs 30.15 crore GST fine

IndusInd Bank’s share fell over 5 per cent on Tuesday after the bank informed that GST authorities in Thane, Maharashtra, had imposed a penalty of more than Rs 30.15 crore due to several compliance issues.

The stock declined as much as 5.12



per cent to close at Rs 635.15 apiece on the National Stock Exchange (NSE).

The private lender, which is already under scrutiny for discrepancies in its derivatives portfolio, stated that it is considering filing an appeal against the GST order.