IndusInd Bank on Friday said the accounting irregularity of Rs 255 crore mentioned in a media report is not part of any new investigation being conducted by the bank. “These findings were part of the investigation report submitted by the independent external agency to the bank in April 2025,” the lender said in an exchange filing.
The media report said Mumbai Police’s Economic Offence Wing is investigating IndusInd Bank for alleged accounting irregularities, focusing on Rs 255 crore in unsubstantiated entries. It said the money is suspected to have been used to inflate net income and overstate assets. It also said the bank’s key management personnel are being summoned to provide an explanation for these findings.
In the exchange filing, IndusInd said it had made all the necessary disclosures and has reflected the impact of these discrepancies in the financial statement of FY25.