Is IndusInd Bank Facing a New Probe Over Rs 255 Crore Accounting Issue?
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Synopsis
IndusInd Bank has confirmed that the reported accounting issues of Rs 255 crore do not involve any new investigation. This situation has been thoroughly reviewed in a prior probe, ensuring transparency and regulatory compliance.
Key Takeaways
- IndusInd Bank clarifies no new investigation regarding Rs 255 crore accounting issue.
- The matter was previously investigated by an independent agency.
- Findings were reported in April 2025, ensuring transparency.
- Shares surged nearly 3 percent following the bank's clarification.
- Bank remains committed to regulatory compliance.
Mumbai, Oct 17 (NationPress) IndusInd Bank issued a statement on Friday, asserting that the alleged accounting discrepancies totaling Rs 255 crore are not linked to any new investigation. The bank clarified that these issues were previously examined during an independent probe, with findings reported in April 2025.
In a formal filing to the stock exchanges, this private sector bank noted that it has fulfilled all necessary disclosure requirements. The audit of the financial statements for the fiscal year 2024-25 has appropriately accounted for the impact of these discrepancies.
"We would like to emphasize that the accounting irregularity of INR 255 Crores referenced in the news is not part of any ongoing investigation by the Bank; these findings were included in the report submitted by the independent external agency in April 2025," said the filing.
The bank affirmed that all required disclosures have been made, accurately reflecting the impact of these accounting concerns in the audited financials for fiscal year 2024-25, which were disclosed on May 21, 2025.
"We are fully aware of our disclosure obligations under Regulation 30 of the Listing Regulations and are committed to adhering to these requirements," the bank added.
Previous media reports suggested that the Economic Offences Wing (EOW) of the Mumbai Police was investigating alleged unsupported entries amounting to Rs 255 crore that were not included in the bank’s original complaint regarding a Rs 2,000 crore lapse.
Reports indicated that these funds may have been utilized to artificially boost net interest income in certain quarters.
After the bank’s clarification, shares of IndusInd Bank surged nearly 3 percent during intra-day trading on Friday, reaching a peak of Rs 761 per share on the NSE. By 2:11 pm, the stock traded at Rs 754.20, reflecting a rise of 1.99 percent.
Point of View
The recent clarifications from IndusInd Bank highlight their commitment to transparency and regulatory compliance, reinforcing trust among stakeholders. The previous investigation's findings should alleviate concerns regarding the bank's financial practices.
NationPress
19/10/2025
Frequently Asked Questions
What is the Rs 255 crore accounting issue?
The Rs 255 crore accounting issue refers to discrepancies reported by IndusInd Bank, which have already been investigated in a prior probe by an independent agency.
Is there a new investigation into IndusInd Bank?
No, IndusInd Bank has confirmed that the accounting irregularities are not part of any new investigation.
When was the previous investigation report submitted?
The report from the independent external agency was submitted in April 2025.
How did the stock market react to the bank's clarification?
Following the clarification, shares of IndusInd Bank rose nearly 3 percent during intraday trading.
What obligations does IndusInd Bank have regarding disclosures?
IndusInd Bank is required to comply with Regulation 30 of the Listing Regulations concerning disclosures.
