New Delhi: It had fallen by 10 percent in the last two days. IndusInd Bank suffered another big setback when the stock market opened on Tuesday. Before the market opened today, American Wall Street had given a warning signal. The US stock market has been infected since US President Trump’s comments on the ‘trade war’ on Monday.

Investors have started selling their shares to save capital.

Due to which, several stock markets in the country and abroad have been affected. There was a possibility of an impact on the Indian stock market as well. However, it has not happened for now. The Sensex is moving forward on shaky feet. Meanwhile, while the Sensex is moving forward again, the share price of IndusInd Bank has fallen sharply. As of 11.45 am on Tuesday, the share price of this bank has fallen by 23 percent and stood at Rs 693.

But why is the company’s share facing such a decline? It is learnt that investors are currently worried about the future of the bank after the term of the bank’s officer Sumant Kathpalia was extended for just one year after the expiry of his term. Due to which the share price of the company is falling.

But can the share price fall so much with the appointment of an officer? It is not possible. When the uproar is increasing over the extension of the officer’s term. IndusInd Bank has faced new questions in that atmosphere. According to company sources, negligence has been found in the bank’s internal sector or in the derivative account regarding transactions. Due to which the company may face losses of up to Rs 1,500 crore. And as soon as this news spread, IndusInd Bank took a big hit in the stock market on Tuesday. The bank authorities have also appointed an external investigator to investigate who or what is behind this negligence.