IndusInd Bank has addressed media reports regarding a potential investigation by the Serious Fraud Investigation Office (SFIO). The bank clarified that the SFIO requested information following standard procedures related to fraud reporting. These reports pertain to accounting discrepancies involving derivative trades and unsubstantiated balances, initially reported to the SFIO on June 2, 2025.
Bank Addresses Media Reports
IndusInd Bank has responded to recent media inquiries concerning potential investigations related to the Serious Fraud Investigation Office (SFIO). This action follows reports highlighting scrutiny over certain financial activities within the bank.
Details of the Reported Issues
The bank confirmed that the SFIO had requested details regarding previously reported matters. These matters involve the accounting of internal derivative trades and certain unsubstantiated balances in “other assets” and “other liabilities” accounts. These initial reports were filed with the SFIO on June 2, 2025, in accordance with standard regulatory protocols.
Cooperation with Authorities
IndusInd Bank has stated its commitment to cooperating fully with authorities and ensuring transparency in its operations. The bank is currently compiling and providing the requested information to the SFIO following a telephonic conversation held on December 17 and 18, 2025.
Source: BSE