IndusInd Bank Faces SFIO Probe Over Derivatives Reporting Concerns

• SFIO initiates probe into IndusInd Bank following Ministry of Corporate Affairs directive.
• Investigation triggered by auditors flagging derivatives-related reporting concerns to RBI.
• Probe focuses on derivatives reporting, an area under heightened regulatory scrutiny.
• Bank also announced senior management changes, including Amitabh Kumar Singh as CHRO.
• IndusInd Bank previously denied speculative reports of a $1 billion equity fundraise.

Why It Matters: IndusInd Bank is under SFIO investigation for derivatives reporting, while also undergoing internal changes.