New Delhi, March 25 -- IndusInd Bank share price declined more than 5% on Tuesday, after the private lender informed that the GST authorities in Thane district have imposed a penalty of over Rs.30.15 crore for various issues. IndusInd Bank shares fell as much as 5.32% to Rs.633.55 apiece on the BSE.

IndusInd Bank, which is already facing a probe over derivative account discrepancies, also said that it may file an appeal against the GST order.

"...we hereby inform that a penalty of Rs. 30,15,18,000/- has been imposed on the Bank by Joint Commissioner of CGST & Central Excise, Thane Commissionerate for various GST issues. The Bank will explore filing of appeal against the order," IndusInd Bank said in a regulatory filing on March 24.

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