IndusInd Bank issued a clarification following a news report alleging that the Serious Fraud Investigation Office (SFIO) summoned former top executives concerning an accounting probe. The Bank confirmed prior disclosures regarding the SFIO’s investigation into internal derivatives and asset balances dating back to June 2, 2025. Crucially, the Bank stated that as of March 30, 2026, it has not received any official communication regarding the summoning of employees.
Response to Recent Media Reporting
IndusInd Bank has released a formal clarification in response to media reports dated March 30, 2026, concerning the Serious Fraud Investigation Office (SFIO) summoning former top executives regarding an accounting probe. The Bank sought to provide clarity on the ongoing status of matters previously disclosed to the exchanges.
Prior Disclosures Confirmed
The Bank referenced two prior disclosures regarding the SFIO’s engagement:
- On December 18, 2025, the Bank disclosed that matters concerning the accounting of internal derivative trades, certain unsubstantiated balances in ‘other assets’ and ‘other liabilities’ accounts, and micro-finance income had been reported to the SFIO on June 2, 2025. Telephonic discussions had occurred, with written communication awaited.
- Subsequently, on December 24, 2025, the Bank confirmed receiving a letter dated December 23, 2025, from the SFIO, initiating a formal investigation under Section 212 of the Companies Act, 2013.
Clarification on Employee Summons
Regarding the specific claim in the news item about the summoning of employees, the Bank stated that as of the date of this communication, it has not received any communication from the SFIO on this matter. However, the Bank acknowledged that during the course of its ongoing investigation, the SFIO may issue summons or notices directly to individuals without routing them through the Bank itself.
Commitment to Compliance
IndusInd Bank affirmed its commitment to adhering to its disclosure obligations and confirmed that this information would be posted on its official website.
Source: BSE
