Shares of IndusInd Bank were in focus on Friday after the Economic Offences Wing (EOW) of the Mumbai Police reportedly began examining unsubstantiated entries worth about Rs 255 crore that were not mentioned in the bank’s original complaint disclosing a lapse of nearly Rs 2,000 crore, people familiar with the matter told The Economic Times. Another report by CNBC-TV18 pegged the ‘unsubstantiated' entry value at Rs 258 crore. The (EOW) of the Mumbai Police is investigating alleged accounting irregularities at the lender. Advertisement

According to the reports, these entries are suspected to have been used by the private-sector bank to ‘dress up’ its accounts and boost net interest income in select quarters. The irregularities were detected by Grant Thornton India, the forensic auditor a

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