Indusind Bank Hit through a new accounting scandal

According to the report, the latest accounting discrepancies, which are characterized by whistleblow, include complex adjustments within the framework of the “other assets” and the “other liabilities” heads in the financial data of the bank – income that falls under operating costs. These discrepancies are reportedly separated from the previously open questions in connection with the bank's derivative portfolio, which had already received regulatory examination.

Remarkably, the Whistleblower letter was delivered a few days before the term of the Reserve Bank of India (RBI). On April 29, 2025, however, Kathpalia resigned with direct effect on April 29, 2025 and quoted “moral responsibility” for the already unfree underwarting.

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RS 1,960 CR score from derivatives, RS 600 CR Red Flag in microfinancing

The bank had previously recognized accounting in its derivative portfolio, which estimated a potential effects of 1,960 billion GBP for the 20124-25 financial year. An external auditor later confirmed this number and, on March 31, 2025, reported a cumulative loss of 1,959.98 billion GBP for profit & loss (P&L) of the bank.

The same whistleblower letter also marked a problem that has not been reported in relation to a discrepancy of 600 billion GBP in the interest income from the bank's microfinance portfolio, which caused serious concerns regarding the proof of income. These developments are carried out because the bank has not yet published its financial results in the fourth quarter or in the 2025 financial year, which increases fear among interest groups and market observers.

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Allegations of preference and governance problems appear

Apart from financial irregularities, the Whistleblower report reports a senior bank manager to have an inappropriate relationship with a subordinate employee. The employee in question was terminated by the same executive and later restored, which raised serious questions about internal governance and personnel practices at the bank.

Since the RBI is already monitoring the consequences of the derived false statements and is now exposed to new allegations, the pressure on the Indusind Bank is to be clean. The bank's internal examination department actively examines and further information can follow as soon as your quarterly results are announced.