Archive · 24 Dec 2025
SFIO Probes IndusInd Bank for Accounting Issues
The Serious Fraud Investigation Office (SFIO) is looking into IndusInd Bank because of some problems with their accounting.
The bank was told about this investigation on December 23, 2025.
The issues include how the bank recorded certain trades and some money that wasn't properly accounted for.
The bank is working with the investigators and has shared all the necessary information.
They haven't said yet if this will cost them any money.
The bank first told the stock market about these issues on December 18, 2025, and had been waiting for a formal letter from the SFIO since June 2, 2025.
The problems might cost the bank around Rs 1,960 crore.
SFIO has initiated an investigation into IndusInd Bank under Section 212 of the Companies Act, 2013.
The probe follows concerns over internal derivative trades, unsubstantiated balances, and microfinance income.
IndusInd Bank received a notification from SFIO on December 23, 2025, seeking relevant information.
The bank had previously disclosed these issues to the stock exchanges on December 18, 2025.
IndusInd Bank is fully cooperating with the SFIO and has not disclosed any potential financial impact.
- Who
- IndusInd Bank
- What
- Investigation by SFIO for accounting issues
- When
- December 23, 2025
- Where
- India
- Why
- Concerns over internal derivative trades, unsubstantiated balances, and microfinance income
IndusInd Bank
SFIO
Accounting Discrepancies
IndusInd Bank
IndusInd Bank has cooperated fully with the investigation and has provided all necessary information.
SFIO
SFIO has initiated a probe to investigate accounting lapses in the bank's derivatives portfolio.
- Organization
- IndusInd Bank
- Investigating Body
- Serious Fraud Investigation Office (SFIO)
- Legal Basis
- Section 212 of the Companies Act, 2013
- Date of Notification
- December 23, 2025
- Issues Investigated
- Internal derivative trades, unsubstantiated balances, microfinance interest and fee income
- Financial Impact
- Rs 1,960 crore
- Bank's Response
- Full cooperation and support
Sources
SFIO launches probe into IndusInd Bank over accounting issues
Serious Fraud Investigation Office initiates probe into IndusInd Bank over accounting lapses
SFIO probes IndusInd Bank over accounting irregularities
SFIO commences investigation on IndusInd Bank accounting lapses
