SFIO launches probe into IndusInd Bank over accounting issues

The Serious Fraud Investigation Office (SFIO) has initiated an investigation into the affairs of IndusInd Bank under Section 212 of the Companies Act, 2013, the private lender said in a regulatory filing on Wednesday.

The bank said it has received a letter dated December 23, 2025, from the SFIO seeking relevant information as part of the probe. The investigation follows earlier disclosures related to accounting of internal derivative trades, certain unsubstantiated balances in “other assets” and “other liabilities” accounts, as well as issues linked to microfinance interest and fee income.

CNBC-TV18 had first reported on December 18

that the government had ordered a probe into IndusInd Bank following concerns flagged by auditors, with the matter referred to the SFIO under the Ministry of Corporate Affairs.

IndusInd Bank had earlier informed exchanges on December 18, 2025, that these matters were reported to the SFIO on June 2, 2025. At the time, the bank had said SFIO officials had held a telephonic discussion with bank representatives and a formal written communication was awaited.

The lender said it continues to extend full cooperation and support to law enforcement agencies in the matter. The disclosure has also been uploaded on the bank’s website.

IndusInd Bank did not disclose any potential financial impact arising from the investigation.