IndusInd Bank clarifies Rs 255-crore accounting lapse already disclosed

IndusInd Bank on October 17 has clarified that the accounting irregularity of Rs 255 crore is not part of any new investigation being conducted by the bank and that these findings were part of the investigation report submitted by the independent external agency to the bank in April 2025.

“We would like to clarify that the accounting irregularity of Rs 255 crore as mentioned in the news report is not part of any new investigation being conducted by the Bank and that these findings were part of the investigation report submitted by the independent external agency to the Bank in April 2025,” the bank said in an exchange filing on October 17.

The bank further said that the lender has made all the necessary disclosures in this regard, and it has appropriately reflected the resultant impact of these accounting discrepancies in the audited financial statements of the Bank for FY 2024-25 disclosed on May 21, 2025.

Moneycontrol on October 16 has reported that "a certain entry amounting to Rs 250 crore requires attention.”. Sources said that these entries may pertain to 2016, a year after the treasury derivatives desk was started.