Govt Orders SFIO Probe Against IndusInd Bank Over Auditor Concerns

• The Ministry of Corporate Affairs (MCA) has ordered a Serious Fraud Investigation Office (SFIO) probe against IndusInd Bank.
• The investigation follows auditor concerns flagged to the Reserve Bank of India (RBI) regarding derivatives reporting.
• The SFIO order was issued on December 12, with no immediate details on the scope or timeline of the probe.
• Separately, IndusInd Bank announced senior-level appointments, including Amitabh Kumar Singh as Chief Human Resources Officer, for internal restructuring.
• The bank previously denied "speculative" media reports about a potential $1 billion capital raise and dismissed claims of Citi's involvement.

Why It Matters: IndusInd Bank faces an SFIO probe over auditor concerns, while also undergoing internal restructuring and denying capital raise reports.