Mumbai, April 22 -- The development has raised fresh questions over the bank's governance and accounting practices.

According to media reports, the discrepancy-related to the accrual of interest income-was discovered during the ongoing statutory audit for the previous financial year. The statutory auditors allegedly issued an additional communication under Section 143(12) of the Companies Act, 2013, prompting the bank to launch a further investigation via EY.

This audit comes on top of an ongoing forensic probe by Grant Thornton Bharat (GTB), which is investigating irregularities in the bank's forex derivatives portfolio.

The reports indicated that the latest discrepancy likely occurred during the second or third quarter of the previou...