The Exchange has sought clarification from Indusind Bank Limited with respect to recent news item captioned SFIO summons former top executives of IndusInd Bank in accounting probe.. The response from the Company is attached.
INDUSINDBK · price
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IndusInd Bank has responded to an NSE query about a news report claiming the Serious Fraud Investigation Office (SFIO) has summoned former top executives of the bank in connection with an accounting probe. The bank clarified that, as of March 30, 2026, it has not received any communication from SFIO regarding the summoning of employees, though SFIO may issue summons directly to individuals without informing the bank. The bank reminded the exchanges that it had earlier disclosed, on June 2, 2025, that matters relating to internal derivative trade accounting, unsubstantiated balances in 'other assets' and 'other liabilities,' and micro finance interest/fee income had been reported to SFIO. Subsequently, on December 23, 2025, the bank received an SFIO letter initiating a formal investigation under Section 212 of the Companies Act, 2013.
The ongoing SFIO investigation remains a negative overhang for the stock, as it relates to serious accounting irregularities including derivative trades and unexplained balance-sheet items. While the bank's denial of receiving any formal summons is mildly reassuring, the possibility of direct summons to former executives could revive concerns about governance and trigger volatility.