SFIO Probes IndusInd Bank Over Accounting Irregularities

• The Serious Fraud Investigation Office (SFIO) has launched an investigation into IndusInd Bank under Section 212 of the Companies Act, 2013.
• The probe targets accounting issues, including internal derivative trades, unsubstantiated balances in "other assets" and "other liabilities," and microfinance income.
• IndusInd Bank received a formal letter from SFIO on December 23, 2025, seeking relevant information as part of the probe.
• CNBC-TV18 first reported the government-ordered probe on December 18, following concerns flagged by auditors.
• The bank is fully cooperating with law enforcement agencies but has not disclosed any potential financial impact from the investigation.

Why It Matters: SFIO is investigating IndusInd Bank for accounting issues, with the bank cooperating fully.