Overview
- IndusInd Bank disclosed receipt of an SFIO letter dated December 23, 2025 seeking information under Section 212 of the Companies Act.
- External assessments earlier this year estimated cumulative adverse impacts linked to derivative accounting lapses at roughly Rs 1,959.98–1,979 crore.
- The bank reported these matters to the SFIO on June 2, 2025 in line with RBI fraud‑reporting directions and had held preliminary discussions with officials.
- Remedial actions in FY25 included a Rs 1,959.98 crore write‑off of notional profits, Rs 595 crore set‑offs, reversals of microfinance income, and heavy provisioning that produced a Q4FY25 net loss of about Rs 2,329 crore.
- A Mumbai Police EoW preliminary enquiry reportedly found no evidence of fund siphoning or diversion, and the bank says it will fully cooperate with investigators.