New Delhi: IndusInd Bank on Thursday clarified that certain matters referred to the Serious Fraud Investigation Office (SFIO) were reported in compliance with mandatory Reserve Bank of India (RBI) directions, responding to media reports suggesting that the lender was under investigation.
In a stock exchange filing, the private sector bank said RBI’s Master Directions on Fraud Risk Management, issued in July 2024, require banks to report any fraud involving ₹1 crore and above to the SFIO in the same format as submitted to the central bank. Accordingly, IndusInd Bank reported specific matters to the SFIO on June 2, 2025.
These matters relate to accounting of internal derivative trades, certain unsubstantiated balances in “other assets” and “other liabilities” accounts, as well as microfinance interest and fee income, the bank said.
The bank further disclosed that SFIO officials have held telephonic discussions with its representatives over the past two days and indicated that a formal written communication seeking additional information would be sent, which is currently awaited.
IndusInd Bank emphasised that it remains mindful of its disclosure obligations under SEBI’s listing regulations and will continue to keep the exchanges informed of any material developments.